Nisa Investment Advisors LLC Has $5.15 Million Stock Holdings in Lamar Advertising (NASDAQ:LAMR)

Nisa Investment Advisors LLC reduced its stake in Lamar Advertising (NASDAQ:LAMRFree Report) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,316 shares of the real estate investment trust’s stock after selling 2,416 shares during the period. Nisa Investment Advisors LLC’s holdings in Lamar Advertising were worth $5,152,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Janus Henderson Group PLC grew its stake in Lamar Advertising by 2.9% in the 3rd quarter. Janus Henderson Group PLC now owns 4,248,660 shares of the real estate investment trust’s stock valued at $567,632,000 after buying an additional 119,068 shares during the last quarter. State Street Corp grew its position in shares of Lamar Advertising by 0.8% in the third quarter. State Street Corp now owns 2,640,356 shares of the real estate investment trust’s stock valued at $352,752,000 after purchasing an additional 21,852 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Lamar Advertising by 4.6% in the third quarter. Geode Capital Management LLC now owns 2,054,962 shares of the real estate investment trust’s stock valued at $274,595,000 after purchasing an additional 90,775 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Lamar Advertising by 45.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust’s stock worth $263,840,000 after purchasing an additional 617,356 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Lamar Advertising by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,497,702 shares of the real estate investment trust’s stock valued at $200,093,000 after purchasing an additional 90,933 shares during the period. 93.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LAMR has been the subject of a number of research reports. Morgan Stanley lifted their target price on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. TD Cowen boosted their price objective on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 11th. Wells Fargo & Company decreased their target price on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Finally, StockNews.com downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $132.40.

Check Out Our Latest Stock Analysis on Lamar Advertising

Lamar Advertising Price Performance

LAMR stock opened at $128.10 on Friday. The company’s 50-day moving average price is $126.16 and its two-hundred day moving average price is $126.21. The firm has a market cap of $13.11 billion, a P/E ratio of 25.62 and a beta of 1.50. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. Lamar Advertising has a 12 month low of $102.10 and a 12 month high of $139.88.

Lamar Advertising (NASDAQ:LAMRGet Free Report) last announced its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.73). Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The firm had revenue of $564.10 million during the quarter, compared to the consensus estimate of $568.91 million. During the same period last year, the business earned $2.04 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. On average, analysts anticipate that Lamar Advertising will post 7.49 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 18th were issued a $1.40 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.37%. Lamar Advertising’s dividend payout ratio (DPR) is currently 112.00%.

Lamar Advertising 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.

Further Reading

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

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