Xponance Inc. Sells 458 Shares of Lamar Advertising (NASDAQ:LAMR)

Xponance Inc. reduced its position in shares of Lamar Advertising (NASDAQ:LAMR) by 2.6% in the fourth quarter, Holdings Channel reports. The fund owned 17,130 shares of the real estate investment trust’s stock after selling 458 shares during the quarter. Xponance Inc.’s holdings in Lamar Advertising were worth $1,821,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its position in Lamar Advertising by 93.0% in the third quarter. Geneos Wealth Management Inc. now owns 359 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 173 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in Lamar Advertising in the third quarter worth $30,000. Signaturefd LLC lifted its position in shares of Lamar Advertising by 43.7% during the third quarter. Signaturefd LLC now owns 493 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 150 shares during the last quarter. Arlington Trust Co LLC bought a new stake in shares of Lamar Advertising during the fourth quarter worth $57,000. Finally, Sunbelt Securities Inc. lifted its position in shares of Lamar Advertising by 249.0% during the third quarter. Sunbelt Securities Inc. now owns 705 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 503 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Insider Activity at Lamar Advertising

In related news, CFO Jay Lecoryelle Johnson sold 5,000 shares of Lamar Advertising stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $118.97, for a total value of $594,850.00. Following the completion of the sale, the chief financial officer now directly owns 10,000 shares in the company, valued at $1,189,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.98% of the stock is currently owned by corporate insiders.

Lamar Advertising Stock Up 0.8 %

NASDAQ:LAMR opened at $114.64 on Wednesday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.55. The stock has a fifty day simple moving average of $113.86 and a 200-day simple moving average of $104.13. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 23.64 and a beta of 1.50. Lamar Advertising has a twelve month low of $77.21 and a twelve month high of $121.99.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.49). The firm 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 quarter in the previous year, the firm earned $1.91 earnings per share. Analysts anticipate that Lamar Advertising will post 7.54 EPS for the current year.

Lamar Advertising Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $1.30 dividend. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend was Thursday, March 14th. Lamar Advertising’s payout ratio is presently 107.22%.

Analyst Upgrades and Downgrades

LAMR has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on Lamar Advertising from $92.00 to $109.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. StockNews.com upgraded Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. Finally, Morgan Stanley lifted their target price on Lamar Advertising from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th.

Lamar Advertising 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.