Lamar Advertising (NASDAQ:LAMR) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors trimmed its holdings in Lamar Advertising (NASDAQ:LAMR) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,854 shares of the real estate investment trust’s stock after selling 862 shares during the period. Captrust Financial Advisors’ holdings in Lamar Advertising were worth $2,660,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in LAMR. Rialto Wealth Management LLC purchased a new stake in shares of Lamar Advertising in the fourth quarter valued at about $25,000. Bessemer Group Inc. lifted its stake in Lamar Advertising by 106.7% in the 4th 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 holdings in Lamar Advertising by 58.4% during the 4th quarter. Blue Trust Inc. now owns 293 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 108 shares during the last quarter. Avior Wealth Management LLC increased its position in Lamar Advertising by 16.8% during the fourth quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 84 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Lamar Advertising by 14.7% during the fourth quarter. UMB Bank n.a. now owns 701 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 90 shares in the last quarter. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Lamar Advertising Stock Down 0.4%

Shares of NASDAQ:LAMR opened at $114.81 on Monday. Lamar Advertising has a 12-month low of $99.84 and a 12-month high of $139.88. The stock’s 50-day moving average price is $112.96 and its two-hundred day moving average price is $122.13. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. The firm has a market cap of $11.76 billion, a price-to-earnings ratio of 32.52 and a beta of 1.38.

Lamar Advertising (NASDAQ:LAMR) last released its earnings results on Thursday, May 8th. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. The firm had revenue of $505.43 million during the quarter, compared to the consensus estimate of $509.72 million. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. On average, research analysts forecast that Lamar Advertising will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $1.55 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.20 dividend on an annualized basis and a yield of 5.40%. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.40. Lamar Advertising’s dividend payout ratio (DPR) is presently 150.49%.

Analysts Set New Price Targets

A number of analysts recently commented on LAMR shares. Citigroup increased their price objective on Lamar Advertising from $121.76 to $128.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price target on shares of Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Finally, Morgan Stanley cut their price objective on shares of Lamar Advertising from $135.00 to $125.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $132.60.

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.