Lamar Advertising (NASDAQ:LAMR) Director Stephen P. Mumblow sold 4,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $78.33, for a total transaction of $313,320.00. Following the transaction, the director now owns 11,031 shares of the company’s stock, valued at approximately $864,058.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Lamar Advertising (NASDAQ:LAMR) traded down $0.83 during midday trading on Friday, reaching $76.72. 1,053,533 shares of the company’s stock traded hands, compared to its average volume of 505,327. The stock has a market capitalization of $7,716.01, a P/E ratio of 15.71, a PEG ratio of 5.40 and a beta of 1.16. Lamar Advertising has a 1-year low of $62.45 and a 1-year high of $79.17. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.55 and a current ratio of 1.55.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.98 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.34). The business had revenue of $399.30 million for the quarter, compared to analysts’ expectations of $392.10 million. Lamar Advertising had a net margin of 20.33% and a return on equity of 29.03%. Lamar Advertising’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.87 earnings per share. equities research analysts expect that Lamar Advertising will post 4.84 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Friday, December 15th. Lamar Advertising’s dividend payout ratio (DPR) is presently 105.40%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC purchased a new stake in shares of Lamar Advertising in the second quarter worth about $598,020,000. Victory Capital Management Inc. lifted its holdings in shares of Lamar Advertising by 81.2% in the second quarter. Victory Capital Management Inc. now owns 2,403,223 shares of the real estate investment trust’s stock worth $176,805,000 after buying an additional 1,077,170 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Lamar Advertising by 7.5% in the second quarter. BlackRock Inc. now owns 7,606,970 shares of the real estate investment trust’s stock worth $559,646,000 after buying an additional 528,392 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Lamar Advertising in the second quarter worth about $33,402,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Lamar Advertising by 251.7% in the second quarter. Renaissance Technologies LLC now owns 391,800 shares of the real estate investment trust’s stock worth $28,825,000 after buying an additional 280,388 shares in the last quarter. 84.42% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on LAMR. BidaskClub raised shares of Lamar Advertising from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. ValuEngine raised shares of Lamar Advertising from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Morgan Stanley dropped their price objective on shares of Lamar Advertising from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Monday, September 18th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $73.00.

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Lamar Advertising Company 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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