HF Advisory Group LLC Acquires 635 Shares of Lamar Advertising (NASDAQ:LAMR)

HF Advisory Group LLC boosted its holdings in Lamar Advertising (NASDAQ:LAMR) by 15.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,796 shares of the real estate investment trust’s stock after purchasing an additional 635 shares during the quarter. HF Advisory Group LLC’s holdings in Lamar Advertising were worth $546,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. increased its holdings in Lamar Advertising by 11.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 22,916 shares of the real estate investment trust’s stock worth $2,607,000 after purchasing an additional 2,305 shares in the last quarter. ST Germain D J Co. Inc. increased its holdings in shares of Lamar Advertising by 346.0% during the first quarter. ST Germain D J Co. Inc. now owns 281 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 218 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of Lamar Advertising during the first quarter valued at approximately $554,000. NBC Securities Inc. increased its holdings in shares of Lamar Advertising by 124,533.3% during the first quarter. NBC Securities Inc. now owns 3,739 shares of the real estate investment trust’s stock valued at $425,000 after acquiring an additional 3,736 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Lamar Advertising by 10,231.4% during the first quarter. GAMMA Investing LLC now owns 78,622 shares of the real estate investment trust’s stock valued at $8,946,000 after acquiring an additional 77,861 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors.

Lamar Advertising Price Performance

Shares of NASDAQ:LAMR opened at $121.30 on Thursday. The stock has a market cap of $12.42 billion, a price-to-earnings ratio of 34.36 and a beta of 1.38. 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 12-month low of $99.84 and a 12-month high of $139.88. The business’s 50 day moving average is $113.93 and its 200 day moving average is $120.62.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Thursday, May 8th. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, beating 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 company had revenue of $505.43 million for the quarter, compared to analysts’ expectations of $509.72 million. On average, sell-side analysts forecast that Lamar Advertising will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $1.55 dividend. The ex-dividend date is Monday, June 16th. This represents a $6.20 annualized dividend and a yield of 5.11%. Lamar Advertising’s dividend payout ratio is currently 150.49%.

Wall Street Analyst Weigh In

Several research firms have recently commented on LAMR. Morgan Stanley decreased their price objective on Lamar Advertising from $135.00 to $125.00 and set an “equal weight” rating for the company in a report on Thursday, May 1st. Citigroup upgraded Lamar Advertising from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $114.00 to $135.00 in a report on Thursday, May 29th. Finally, JPMorgan Chase & Co. decreased 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Lamar Advertising currently has a consensus rating of “Hold” and a consensus target price of $134.00.

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.