Carillon Tower Advisers Inc. boosted its holdings in Lamar Advertising Co (NASDAQ:LAMR) by 31.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 316,773 shares of the real estate investment trust’s stock after purchasing an additional 75,475 shares during the quarter. Carillon Tower Advisers Inc. owned approximately 0.32% of Lamar Advertising worth $21,639,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BTIM Corp. boosted its holdings in Lamar Advertising by 5.6% in the second quarter. BTIM Corp. now owns 155,221 shares of the real estate investment trust’s stock worth $10,603,000 after purchasing an additional 8,177 shares during the period. Wedge Capital Management L L P NC boosted its holdings in shares of Lamar Advertising by 5.9% during the first quarter. Wedge Capital Management L L P NC now owns 1,827,931 shares of the real estate investment trust’s stock valued at $116,366,000 after acquiring an additional 101,948 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Lamar Advertising by 16.2% during the first quarter. Schroder Investment Management Group now owns 1,122,251 shares of the real estate investment trust’s stock valued at $71,442,000 after acquiring an additional 156,228 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Lamar Advertising by 35.8% during the first quarter. Dimensional Fund Advisors LP now owns 982,473 shares of the real estate investment trust’s stock valued at $62,544,000 after acquiring an additional 258,977 shares during the period. Finally, OppenheimerFunds Inc. boosted its holdings in shares of Lamar Advertising by 3.1% during the first quarter. OppenheimerFunds Inc. now owns 1,348,108 shares of the real estate investment trust’s stock valued at $85,821,000 after acquiring an additional 40,212 shares during the period. 88.21% of the stock is owned by hedge funds and other institutional investors.

Shares of LAMR opened at $76.58 on Friday. Lamar Advertising Co has a 1 year low of $61.36 and a 1 year high of $79.17. The firm has a market cap of $7.49 billion, a PE ratio of 14.35, a PEG ratio of 4.87 and a beta of 1.13. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.48 and a quick ratio of 1.48.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Wednesday, August 8th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.06. Lamar Advertising had a net margin of 18.93% and a return on equity of 27.75%. The company had revenue of $419.80 million during the quarter, compared to the consensus estimate of $416.75 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. analysts anticipate that Lamar Advertising Co will post 5.19 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend is Thursday, September 13th. Lamar Advertising’s dividend payout ratio is currently 72.08%.

Several equities analysts have recently issued reports on the stock. MKM Partners boosted their price target on shares of Lamar Advertising to $75.00 and gave the company a “neutral” rating in a report on Thursday, August 9th. BidaskClub raised shares of Lamar Advertising from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 2nd. Citigroup boosted their price target on shares of Lamar Advertising from $68.00 to $69.00 and gave the company a “sell” rating in a report on Wednesday, August 15th. Finally, Zacks Investment Research downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Friday, June 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $74.20.

Lamar Advertising Profile

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with more than 348,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day.

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Institutional Ownership by Quarter for Lamar Advertising (NASDAQ:LAMR)

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