Lamar Advertising (NASDAQ:LAMR) Stake Decreased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in shares of Lamar Advertising (NASDAQ:LAMR) by 10.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,101 shares of the real estate investment trust’s stock after selling 5,820 shares during the period. Nisa Investment Advisors LLC’s holdings in Lamar Advertising were worth $5,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Centurion Wealth Management LLC bought a new stake in shares of Lamar Advertising during the fourth quarter valued at approximately $243,000. Arlington Trust Co LLC bought a new stake in Lamar Advertising during the fourth quarter worth approximately $57,000. International Assets Investment Management LLC bought a new stake in Lamar Advertising during the fourth quarter worth approximately $6,190,000. Boston Trust Walden Corp raised its holdings in Lamar Advertising by 0.8% during the fourth quarter. Boston Trust Walden Corp now owns 392,374 shares of the real estate investment trust’s stock worth $41,702,000 after purchasing an additional 3,259 shares in the last quarter. Finally, State of Michigan Retirement System raised its holdings in Lamar Advertising by 0.5% during the fourth quarter. State of Michigan Retirement System now owns 21,038 shares of the real estate investment trust’s stock worth $2,236,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Price Performance

NASDAQ LAMR opened at $112.28 on Thursday. The stock has a market capitalization of $11.46 billion, a P/E ratio of 23.15 and a beta of 1.50. Lamar Advertising has a 1 year low of $77.21 and a 1 year high of $121.99. The business’s fifty day moving average is $112.46 and its two-hundred day moving average is $101.97. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.52 and a current ratio of 0.52.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.49). The company had revenue of $555.91 million during the quarter, compared to the consensus estimate of $549.84 million. Lamar Advertising had a net margin of 23.49% and a return on equity of 41.88%. During the same period in the prior year, the company posted $1.91 EPS. On average, research analysts forecast that Lamar Advertising will post 7.54 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.63%. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Thursday, March 14th. Lamar Advertising’s payout ratio is presently 107.22%.

Insiders Place Their Bets

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 5,000 shares of Lamar Advertising stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $118.97, for a total transaction of $594,850.00. Following the transaction, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $1,189,700. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 14.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. StockNews.com raised Lamar Advertising from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. Morgan Stanley boosted their target price on Lamar Advertising from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. Finally, JPMorgan Chase & Co. boosted their target price on Lamar Advertising from $92.00 to $109.00 and gave the stock a “neutral” rating in a report on Monday, February 26th.

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.