Lamar Advertising (NASDAQ:LAMR) Shares Sold by Cypress Wealth Services LLC

Cypress Wealth Services LLC reduced its position in Lamar Advertising (NASDAQ:LAMR) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,634 shares of the real estate investment trust’s stock after selling 105 shares during the quarter. Cypress Wealth Services LLC’s holdings in Lamar Advertising were worth $564,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its position in Lamar Advertising by 444.1% in the 3rd quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 151 shares during the period. Brooklyn Investment Group acquired a new position in Lamar Advertising during the 3rd quarter worth approximately $25,000. Concord Wealth Partners acquired a new position in Lamar Advertising during the third quarter worth $26,000. Assetmark Inc. raised its position in Lamar Advertising by 109.3% in the third quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 117 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in 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 valued at $55,000 after acquiring an additional 143 shares during the period. Institutional investors and hedge funds own 93.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on LAMR shares. Wells Fargo & Company cut their price target on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. StockNews.com cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Morgan Stanley boosted their price target on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, TD Cowen raised their price objective on Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $132.40.

Lamar Advertising Stock Up 1.8 %

LAMR stock opened at $121.65 on Friday. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56. Lamar Advertising has a 12 month low of $102.10 and a 12 month high of $139.88. The firm has a market capitalization of $12.45 billion, a PE ratio of 24.33 and a beta of 1.50. The company’s 50 day simple moving average is $126.37 and its 200-day simple moving average is $125.88.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.73). Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The company had revenue of $564.10 million for the quarter, compared to analysts’ expectations of $568.91 million. During the same period in the previous year, the business posted $2.04 EPS. The business’s quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts expect that Lamar Advertising will post 7.49 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 18th were paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend was Wednesday, December 18th. Lamar Advertising’s payout ratio is 112.00%.

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.