Continuum Advisory LLC Has $534,000 Holdings in Lamar Advertising (NASDAQ:LAMR)

Continuum Advisory LLC grew its holdings in shares of Lamar Advertising (NASDAQ:LAMR) by 5.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,385 shares of the real estate investment trust’s stock after buying an additional 213 shares during the period. Continuum Advisory LLC’s holdings in Lamar Advertising were worth $534,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of LAMR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Lamar Advertising by 15.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 272,633 shares of the real estate investment trust’s stock worth $33,190,000 after acquiring an additional 37,366 shares in the last quarter. Sone Capital Management LLC acquired a new position in shares of Lamar Advertising during the fourth quarter valued at about $2,645,000. Two Sigma Advisers LP boosted its position in shares of Lamar Advertising by 22.7% during the 4th quarter. Two Sigma Advisers LP now owns 10,800 shares of the real estate investment trust’s stock worth $1,315,000 after purchasing an additional 2,000 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Lamar Advertising by 125.0% in the 4th quarter. Tidal Investments LLC now owns 3,443 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 1,913 shares during the period. Finally, Snowden Capital Advisors LLC increased its position in Lamar Advertising by 21.1% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,366 shares of the real estate investment trust’s stock valued at $410,000 after buying an additional 587 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Stock Performance

Shares of Lamar Advertising stock opened at $114.91 on Thursday. Lamar Advertising has a 52 week low of $99.84 and a 52 week high of $139.88. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. The business has a 50 day moving average price of $112.84 and a 200-day moving average price of $121.42. The company has a market cap of $11.77 billion, a PE ratio of 32.55 and a beta of 1.38.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.06. Lamar Advertising had a return on equity of 30.20% and a net margin of 16.40%. The business had revenue of $505.43 million during the quarter, compared to the consensus estimate of $509.72 million. Equities analysts anticipate that Lamar Advertising will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $1.55 dividend. The ex-dividend date is Monday, June 16th. This represents a $6.20 annualized dividend and a dividend yield of 5.40%. Lamar Advertising’s dividend payout ratio is currently 150.49%.

Wall Street Analysts Forecast Growth

LAMR has been the subject of a number of 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 research note on Friday, February 21st. Citigroup increased their target price on Lamar Advertising from $121.76 to $128.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Finally, Morgan Stanley decreased their price target on shares of Lamar Advertising from $135.00 to $125.00 and set an “equal weight” rating for the company in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $132.60.

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.