Ibex Wealth Advisors raised its stake in Lamar Advertising Co (NASDAQ:LAMR) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,043 shares of the real estate investment trust’s stock after acquiring an additional 561 shares during the period. Ibex Wealth Advisors’ holdings in Lamar Advertising were worth $2,325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Reilly Financial Advisors LLC bought a new stake in shares of Lamar Advertising in the 4th quarter worth about $30,000. CENTRAL TRUST Co bought a new position in Lamar Advertising during the 3rd quarter valued at about $28,000. Kistler Tiffany Companies LLC grew its holdings in Lamar Advertising by 55.6% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 400 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 143 shares during the last quarter. Usca Ria LLC bought a new position in Lamar Advertising during the 3rd quarter valued at about $36,000. Finally, Penserra Capital Management LLC grew its holdings in Lamar Advertising by 64.6% during the 3rd quarter. Penserra Capital Management LLC now owns 968 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 380 shares during the last quarter. Institutional investors own 79.42% of the company’s stock.

Several equities analysts recently commented on LAMR shares. ValuEngine downgraded shares of Lamar Advertising from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. BidaskClub downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $83.50.

Lamar Advertising stock traded down $0.22 during trading hours on Friday, hitting $93.65. The company had a trading volume of 8,180 shares, compared to its average volume of 270,742. The firm has a market cap of $9.44 billion, a P/E ratio of 25.73 and a beta of 0.96. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.51 and a current ratio of 0.51. Lamar Advertising Co has a 1 year low of $72.32 and a 1 year high of $94.68. The company has a 50-day moving average price of $88.80 and a two-hundred day moving average price of $82.39.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.08). The company had revenue of $457.80 million during the quarter, compared to analysts’ expectations of $452.91 million. Lamar Advertising had a net margin of 21.23% and a return on equity of 32.10%. Lamar Advertising’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $0.95 earnings per share. As a group, equities research analysts anticipate that Lamar Advertising Co will post 5.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a $0.96 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.84 annualized dividend and a yield of 4.10%. Lamar Advertising’s dividend payout ratio (DPR) is 69.82%.

Lamar Advertising Company Profile

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with approximately 360,000 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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