Lamar Advertising (NASDAQ:LAMR) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its holdings in shares of Lamar Advertising (NASDAQ:LAMR) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 867,829 shares of the real estate investment trust’s stock after acquiring an additional 17,320 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.85% of Lamar Advertising worth $105,650,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Steward Partners Investment Advisory LLC grew its stake in shares of Lamar Advertising by 2.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,101 shares of the real estate investment trust’s stock worth $1,108,000 after purchasing an additional 215 shares during the period. JPMorgan Chase & Co. increased its holdings in Lamar Advertising by 6.5% in the third quarter. JPMorgan Chase & Co. now owns 1,497,702 shares of the real estate investment trust’s stock valued at $200,093,000 after buying an additional 90,933 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Lamar Advertising by 19,961.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 110,340 shares of the real estate investment trust’s stock valued at $14,741,000 after acquiring an additional 109,790 shares during the period. Franklin Resources Inc. boosted its stake in shares of Lamar Advertising by 39.8% during the 3rd quarter. Franklin Resources Inc. now owns 51,503 shares of the real estate investment trust’s stock worth $7,017,000 after acquiring an additional 14,672 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Lamar Advertising by 6.3% in the 4th quarter. Jones Financial Companies Lllp now owns 4,911 shares of the real estate investment trust’s stock worth $598,000 after acquiring an additional 292 shares during the period. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

LAMR has been the subject of several research reports. JPMorgan Chase & Co. reduced their price objective on Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Citigroup boosted their price objective on shares of Lamar Advertising from $121.76 to $128.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Lamar Advertising currently has an average rating of “Hold” and an average price target of $134.60.

Lamar Advertising Stock Performance

NASDAQ LAMR opened at $105.03 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. Lamar Advertising has a fifty-two week low of $102.95 and a fifty-two week high of $139.88. The business has a fifty day moving average of $120.86 and a 200-day moving average of $126.38. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of 29.75 and a beta of 1.53.

Lamar Advertising (NASDAQ:LAMR) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.74. The company had revenue of $579.57 million for the quarter, compared to analyst estimates of $583.19 million. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. As a group, analysts predict that Lamar Advertising will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $1.55 dividend. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.40. This represents a $6.20 annualized dividend and a yield of 5.90%. The ex-dividend date was Friday, March 14th. Lamar Advertising’s payout ratio is presently 175.64%.

About Lamar Advertising

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.