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

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

A number of other institutional investors also recently added to or reduced their stakes in the business. Swiss National Bank raised its position in Lamar Advertising by 0.8% during the fourth quarter. Swiss National Bank now owns 172,838 shares of the real estate investment trust’s stock valued at $21,041,000 after buying an additional 1,400 shares during the period. Avantax Advisory Services Inc. grew its holdings in shares of Lamar Advertising by 4.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 24,131 shares of the real estate investment trust’s stock worth $2,938,000 after purchasing an additional 1,094 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Lamar Advertising by 24.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,216 shares of the real estate investment trust’s stock worth $148,000 after purchasing an additional 241 shares in the last quarter. HighTower Advisors LLC boosted its stake in Lamar Advertising by 3.1% in the 4th quarter. HighTower Advisors LLC now owns 646,266 shares of the real estate investment trust’s stock valued at $78,676,000 after buying an additional 19,316 shares in the last quarter. Finally, Markel Group Inc. raised its position in Lamar Advertising by 11.7% in the 4th quarter. Markel Group Inc. now owns 124,000 shares of the real estate investment trust’s stock valued at $15,096,000 after purchasing an additional 13,000 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Stock Down 2.1 %

Lamar Advertising stock opened at $114.26 on Thursday. The business has a fifty day moving average of $124.30 and a two-hundred day moving average of $127.88. The firm has a market cap of $11.70 billion, a P/E ratio of 32.37 and a beta of 1.53. 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 twelve month low of $108.80 and a twelve month high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.74. The firm had revenue of $579.57 million for the quarter, compared to analyst estimates of $583.19 million. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. On average, analysts forecast that Lamar Advertising will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The business also recently announced 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 an increase from Lamar Advertising’s previous quarterly dividend of $1.40. Lamar Advertising’s dividend payout ratio (DPR) is 175.64%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Citigroup boosted 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. JPMorgan Chase & Co. lowered their target price on Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $134.60.

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.