Tower Research Capital LLC TRC Sells 2,069 Shares of Lamar Advertising (NASDAQ:LAMR)

Tower Research Capital LLC TRC trimmed its stake in shares of Lamar Advertising (NASDAQ:LAMR – Get Rating) by 30.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,682 shares of the real estate investment trust’s stock after selling 2,069 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Lamar Advertising were worth $387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Bank of Montreal Can raised its position in shares of Lamar Advertising by 13.2% during the third quarter. Bank of Montreal Can now owns 60,908 shares of the real estate investment trust’s stock worth $5,647,000 after acquiring an additional 7,106 shares during the last quarter. Keeley Teton Advisors LLC increased its holdings in Lamar Advertising by 1.1% in the third quarter. Keeley Teton Advisors LLC now owns 45,968 shares of the real estate investment trust’s stock worth $3,792,000 after purchasing an additional 481 shares in the last quarter. UBS Group AG increased its holdings in Lamar Advertising by 16.3% in the third quarter. UBS Group AG now owns 67,478 shares of the real estate investment trust’s stock worth $5,566,000 after purchasing an additional 9,433 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Lamar Advertising by 25.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 14,474 shares of the real estate investment trust’s stock worth $1,194,000 after purchasing an additional 2,934 shares in the last quarter. Finally, Boston Financial Mangement LLC increased its holdings in Lamar Advertising by 2.2% in the third quarter. Boston Financial Mangement LLC now owns 22,963 shares of the real estate investment trust’s stock worth $1,894,000 after purchasing an additional 489 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Lamar Advertising Trading Down 2.7 %

Shares of LAMR stock opened at $101.87 on Monday. The company has a market cap of $10.36 billion, a P/E ratio of 23.58 and a beta of 1.40. The stock has a 50 day simple moving average of $101.20 and a two-hundred day simple moving average of $96.16. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.63 and a current ratio of 0.63. Lamar Advertising has a fifty-two week low of $81.10 and a fifty-two week high of $119.68.

Lamar Advertising (NASDAQ:LAMR – Get Rating) last announced its quarterly earnings data on Friday, February 24th. The real estate investment trust reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($1.04). Lamar Advertising had a net margin of 24.90% and a return on equity of 40.03%. The firm had revenue of $535.51 million during the quarter, compared to analyst estimates of $536.42 million. During the same period last year, the business posted $1.78 EPS. The company’s revenue was up 8.3% on a year-over-year basis. Research analysts forecast that Lamar Advertising will post 7.46 earnings per share for the current year.

Lamar Advertising Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend is Thursday, March 16th. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.20. Lamar Advertising’s dividend payout ratio (DPR) is 111.11%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a report on Friday.

About Lamar Advertising

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Lamar Advertising Co engages in advertising services. The firm rents advertising space on billboards, buses, shelters, benches, logo plates, and in airport terminals. The company was founded in 1902 and is headquartered in Baton Rouge, LA.