Norinchukin Bank The Cuts Holdings in Lamar Advertising (NASDAQ:LAMR)

Norinchukin Bank The lessened its position in shares of Lamar Advertising (NASDAQ:LAMR) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,883 shares of the real estate investment trust’s stock after selling 91 shares during the period. Norinchukin Bank The’s holdings in Lamar Advertising were worth $473,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC purchased a new stake in shares of Lamar Advertising during the 4th quarter worth about $25,000. Bessemer Group Inc. lifted its position in Lamar Advertising by 106.7% during the fourth quarter. Bessemer Group Inc. now owns 277 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 143 shares in the last quarter. Blue Trust Inc. grew its stake in Lamar Advertising by 58.4% during the fourth quarter. Blue Trust Inc. now owns 293 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 108 shares during the period. Versant Capital Management Inc increased its position in shares of Lamar Advertising by 46.6% in the fourth quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 143 shares in the last quarter. Finally, Avior Wealth Management LLC raised its stake in shares of Lamar Advertising by 16.8% in the 4th quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 84 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LAMR. JPMorgan Chase & Co. decreased their price target on shares of Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Citigroup increased their target price on Lamar Advertising from $121.76 to $128.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Lamar Advertising currently has an average rating of “Hold” and a consensus price target of $134.60.

Lamar Advertising Stock Up 2.7 %

Shares of Lamar Advertising stock opened at $110.48 on Wednesday. Lamar Advertising has a 1-year low of $99.84 and a 1-year high of $139.88. The company has a market capitalization of $11.31 billion, a PE ratio of 31.30 and a beta of 1.34. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56. The business has a 50-day moving average of $115.88 and a 200-day moving average of $124.06.

Lamar Advertising (NASDAQ:LAMR) last posted 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 company had revenue of $579.57 million for the quarter, compared to the consensus estimate of $583.19 million. Lamar Advertising had a return on equity of 30.20% and a net margin of 16.40%. As a group, equities analysts forecast that Lamar Advertising will post 7.92 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a yield of 5.61%. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Friday, March 14th. Lamar Advertising’s dividend payout ratio is 175.64%.

Lamar Advertising 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.