Lamar Advertising (NASDAQ:LAMR) Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC boosted its holdings in shares of Lamar Advertising (NASDAQ:LAMRFree Report) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,004 shares of the real estate investment trust’s stock after buying an additional 367 shares during the period. Global Retirement Partners LLC’s holdings in Lamar Advertising were worth $846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ellsworth Advisors LLC lifted its stake in shares of Lamar Advertising by 50.0% during the third quarter. Ellsworth Advisors LLC now owns 8,956 shares of the real estate investment trust’s stock worth $742,000 after buying an additional 2,984 shares during the period. Algert Global LLC grew its stake in Lamar Advertising by 12.0% during the 3rd quarter. Algert Global LLC now owns 90,105 shares of the real estate investment trust’s stock valued at $7,521,000 after purchasing an additional 9,640 shares during the last quarter. Key Bridge Compliance LLC acquired a new position in shares of Lamar Advertising in the third quarter valued at about $1,565,000. DAVENPORT & Co LLC raised its stake in shares of Lamar Advertising by 0.5% in the third quarter. DAVENPORT & Co LLC now owns 1,888,682 shares of the real estate investment trust’s stock worth $156,847,000 after purchasing an additional 9,856 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Lamar Advertising by 43.7% in the third quarter. Signaturefd LLC now owns 493 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 150 shares during the last quarter. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $118.97, for a total transaction of $594,850.00. Following the transaction, the chief financial officer now owns 10,000 shares in the company, valued at approximately $1,189,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 14.90% of the stock is owned by corporate insiders.

Lamar Advertising Stock Up 0.6 %

Lamar Advertising stock opened at $119.41 on Monday. Lamar Advertising has a 52 week low of $77.21 and a 52 week high of $121.99. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 24.62 and a beta of 1.50. The business’s 50-day moving average price is $111.21 and its 200 day moving average price is $100.47. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.55.

Lamar Advertising (NASDAQ:LAMRGet Free Report) last released its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $1.46 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.49). The firm had revenue of $555.91 million for the quarter, compared to analyst estimates of $549.84 million. Lamar Advertising had a net margin of 23.49% and a return on equity of 41.88%. During the same quarter in the prior year, the business posted $1.91 EPS. As a group, sell-side analysts anticipate that Lamar Advertising will post 7.54 earnings per share for the current year.

Lamar Advertising Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $1.30 per share. The ex-dividend date was Thursday, March 14th. This represents a $5.20 dividend on an annualized basis and a yield of 4.35%. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.25. Lamar Advertising’s dividend payout ratio is currently 107.22%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Morgan Stanley increased their price target on shares of Lamar Advertising from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. JPMorgan Chase & Co. increased their price objective on shares of Lamar Advertising from $92.00 to $109.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Finally, StockNews.com upgraded shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th.

Read Our Latest Research Report on Lamar Advertising

Lamar Advertising Company Profile

(Free Report)

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.

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Institutional Ownership by Quarter for Lamar Advertising (NASDAQ:LAMR)

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