Signaturefd LLC Boosts Stock Position in Lamar Advertising (NASDAQ:LAMR)

Signaturefd LLC boosted its holdings in shares of Lamar Advertising (NASDAQ:LAMR) by 103.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,004 shares of the real estate investment trust’s stock after acquiring an additional 511 shares during the period. Signaturefd LLC’s holdings in Lamar Advertising were worth $107,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of LAMR. Invesco Ltd. increased its holdings in shares of Lamar Advertising by 43.4% in the 3rd quarter. Invesco Ltd. now owns 1,693,447 shares of the real estate investment trust’s stock worth $141,352,000 after buying an additional 512,182 shares during the last quarter. Ranger Global Real Estate Advisors LLC increased its stake in Lamar Advertising by 129.2% during the third quarter. Ranger Global Real Estate Advisors LLC now owns 477,140 shares of the real estate investment trust’s stock worth $39,827,000 after acquiring an additional 268,934 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Lamar Advertising by 146.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 390,876 shares of the real estate investment trust’s stock valued at $32,626,000 after purchasing an additional 232,135 shares during the period. Makaira Partners LLC lifted its stake in shares of Lamar Advertising by 31.7% in the 3rd quarter. Makaira Partners LLC now owns 756,662 shares of the real estate investment trust’s stock valued at $63,159,000 after purchasing an additional 182,111 shares during the last quarter. Finally, Private Management Group Inc. purchased a new position in shares of Lamar Advertising in the 3rd quarter worth approximately $12,233,000. Institutional investors own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Lamar Advertising Price Performance

LAMR opened at $115.39 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.55. The business has a fifty day moving average of $114.42 and a 200 day moving average of $105.06. Lamar Advertising has a 52-week low of $77.21 and a 52-week high of $121.99. The stock has a market cap of $11.78 billion, a P/E ratio of 23.79 and a beta of 1.50.

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

Lamar Advertising Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.25. Lamar Advertising’s payout ratio is currently 107.22%.

Insider Activity at Lamar Advertising

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 5,000 shares of the firm’s stock in a transaction 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 directly owns 10,000 shares in the company, valued at approximately $1,189,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 14.98% of the stock is owned by company insiders.

About Lamar Advertising

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.