Lamar Advertising (NASDAQ:LAMR) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its holdings in Lamar Advertising (NASDAQ:LAMR) by 23.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,177 shares of the real estate investment trust’s stock after acquiring an additional 3,609 shares during the period. Sanctuary Advisors LLC’s holdings in Lamar Advertising were worth $2,500,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Natixis Advisors LLC grew its stake in shares of Lamar Advertising by 13.1% in the second quarter. Natixis Advisors LLC now owns 60,442 shares of the real estate investment trust’s stock worth $7,225,000 after acquiring an additional 6,979 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Lamar Advertising during the third quarter worth $43,665,000. Acadian Asset Management LLC grew its stake in shares of Lamar Advertising by 179.4% during the second quarter. Acadian Asset Management LLC now owns 18,639 shares of the real estate investment trust’s stock worth $2,226,000 after purchasing an additional 11,967 shares in the last quarter. Gallacher Capital Management LLC acquired a new position in shares of Lamar Advertising during the second quarter worth $807,000. Finally, Quest Partners LLC acquired a new position in shares of Lamar Advertising during the third quarter worth $2,603,000. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Price Performance

Shares of NASDAQ:LAMR opened at $128.49 on Wednesday. The stock has a market capitalization of $13.15 billion, a price-to-earnings ratio of 25.70 and a beta of 1.50. Lamar Advertising has a one year low of $100.15 and a one year high of $139.88. The company has a 50-day simple moving average of $132.08 and a 200-day simple moving average of $125.29. 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 posted its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share (EPS) 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 firm had revenue of $564.10 million for the quarter, compared to analysts’ expectations of $568.91 million. During the same period in the prior year, the company earned $2.04 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts predict that Lamar Advertising will post 7.52 EPS for the current year.

Lamar Advertising Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th will be given a dividend of $1.40 per share. The ex-dividend date is Wednesday, December 18th. This represents a $5.60 annualized dividend and a yield of 4.36%. Lamar Advertising’s payout ratio is currently 112.00%.

Analysts Set New Price Targets

LAMR has been the subject of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. StockNews.com cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Morgan Stanley boosted their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Finally, TD Cowen boosted their price target on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Lamar Advertising currently has an average rating of “Hold” and an average target price of $132.40.

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.