Lamar Advertising Company (LAMR) Holdings Raised by Teachers Advisors LLC
Teachers Advisors LLC raised its position in Lamar Advertising Company (NASDAQ:LAMR) by 38.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,407 shares of the real estate investment trust’s stock after purchasing an additional 29,636 shares during the period. Teachers Advisors LLC owned 0.11% of Lamar Advertising worth $7,902,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Westpac Banking Corp purchased a new stake in shares of Lamar Advertising in the 2nd quarter valued at approximately $176,000. Penserra Capital Management LLC increased its position in shares of Lamar Advertising by 9.5% in the 2nd quarter. Penserra Capital Management LLC now owns 2,478 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 214 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Lamar Advertising in the 1st quarter valued at approximately $220,000. SPC Financial Inc. purchased a new stake in shares of Lamar Advertising in the 2nd quarter valued at approximately $221,000. Finally, Creative Planning increased its position in shares of Lamar Advertising by 4.7% in the 2nd quarter. Creative Planning now owns 3,042 shares of the real estate investment trust’s stock valued at $224,000 after purchasing an additional 136 shares during the last quarter. 85.05% of the stock is currently owned by institutional investors.
Lamar Advertising Company (NASDAQ LAMR) opened at 68.29 on Friday. The company has a 50 day moving average of $65.39 and a 200-day moving average of $70.10. Lamar Advertising Company has a 52-week low of $58.68 and a 52-week high of $79.09.
Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.37). The company had revenue of $397.10 million during the quarter, compared to the consensus estimate of $399.09 million. Lamar Advertising had a return on equity of 28.21% and a net margin of 19.75%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 EPS. On average, equities analysts predict that Lamar Advertising Company will post $3.11 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.83 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.86%. Lamar Advertising’s dividend payout ratio (DPR) is presently 109.21%.
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A number of equities research analysts have commented on LAMR shares. Loop Capital reissued a “buy” rating and issued a $87.00 price objective on shares of Lamar Advertising in a research report on Friday, June 9th. BidaskClub raised shares of Lamar Advertising from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. ValuEngine raised shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research raised shares of Lamar Advertising from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Wells Fargo & Company downgraded shares of Lamar Advertising from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $73.00.
Lamar Advertising Profile
Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.
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