31,493 Shares in Lamar Advertising (NASDAQ:LAMR) Bought by JPL Wealth Management LLC

JPL Wealth Management LLC purchased a new stake in Lamar Advertising (NASDAQ:LAMR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 31,493 shares of the real estate investment trust’s stock, valued at approximately $3,834,000.

Several other institutional investors also recently bought and sold shares of the company. Assetmark Inc. grew its stake in shares of Lamar Advertising by 109.3% during the third quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 117 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Lamar Advertising by 20.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 7,069 shares of the real estate investment trust’s stock valued at $945,000 after purchasing an additional 1,213 shares during the last quarter. Venturi Wealth Management LLC increased its stake in Lamar Advertising by 154.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 994 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 604 shares during the period. Entropy Technologies LP increased its position in shares of Lamar Advertising by 371.4% in the 3rd quarter. Entropy Technologies LP now owns 12,312 shares of the real estate investment trust’s stock worth $1,645,000 after purchasing an additional 9,700 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Lamar Advertising in the 3rd quarter valued at about $443,000. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Stock Down 2.1 %

Shares of Lamar Advertising stock opened at $114.26 on Thursday. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 32.37 and a beta of 1.53. The company’s 50 day moving average price is $124.30 and its 200-day moving average price is $127.88. Lamar Advertising has a 52-week low of $108.80 and a 52-week high of $139.88. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.74. The business had revenue of $579.57 million for the quarter, compared to analysts’ expectations of $583.19 million. Lamar Advertising had a return on equity of 30.20% and a net margin of 16.40%. Equities research analysts forecast that Lamar Advertising will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 5.43%. The ex-dividend date is Friday, March 14th. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.40. Lamar Advertising’s payout ratio is presently 175.64%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Citigroup increased their price objective on shares of Lamar Advertising from $121.76 to $128.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $134.60.

Lamar Advertising Company Profile

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.