Lamar Advertising Company (LAMR) Position Maintained by Ulysses Management LLC
Ulysses Management LLC held its stake in Lamar Advertising Company (NASDAQ:LAMR) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,000 shares of the real estate investment trust’s stock at the close of the 2nd quarter. Lamar Advertising makes up about 0.4% of Ulysses Management LLC’s portfolio, making the stock its 27th biggest holding. Ulysses Management LLC’s holdings in Lamar Advertising were worth $2,943,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in LAMR. Oakbrook Investments LLC boosted its stake in shares of Lamar Advertising by 0.6% during the second quarter. Oakbrook Investments LLC now owns 3,570 shares of the real estate investment trust’s stock worth $263,000 after buying an additional 20 shares during the period. Atlantic Trust LLC grew its holdings in shares of Lamar Advertising by 0.6% during the first quarter. Atlantic Trust LLC now owns 8,980 shares of the real estate investment trust’s stock worth $671,000 after buying an additional 50 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Lamar Advertising by 0.8% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 8,980 shares of the real estate investment trust’s stock worth $634,000 after buying an additional 75 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Lamar Advertising by 0.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,185 shares of the real estate investment trust’s stock worth $896,000 after buying an additional 86 shares during the last quarter. Finally, Aureus Asset Management LLC grew its holdings in shares of Lamar Advertising by 1.6% during the second quarter. Aureus Asset Management LLC now owns 6,005 shares of the real estate investment trust’s stock worth $442,000 after buying an additional 94 shares during the last quarter. 85.05% of the stock is owned by institutional investors and hedge funds.
Lamar Advertising Company (NASDAQ LAMR) traded up 0.15% on Tuesday, reaching $67.59. 58,636 shares of the company traded hands. Lamar Advertising Company has a 12 month low of $58.68 and a 12 month high of $79.09.
Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.94 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.37). Lamar Advertising had a return on equity of 28.21% and a net margin of 19.75%. The company had revenue of $397.10 million for the quarter, compared to the consensus estimate of $399.09 million. During the same quarter in the previous year, the company earned $0.84 earnings per share. Lamar Advertising’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Lamar Advertising Company will post $3.11 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date was Thursday, September 14th. Lamar Advertising’s payout ratio is 109.21%.
Several equities analysts recently issued reports on the company. ValuEngine upgraded Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Monday. MKM Partners decreased their price objective on Lamar Advertising from $72.00 to $64.00 and set a “neutral” rating for the company in a research report on Wednesday, August 9th. BidaskClub raised Lamar Advertising from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Citigroup Inc. reiterated a “neutral” rating and issued a $66.00 target price (down from $69.00) on shares of Lamar Advertising in a research note on Friday, August 11th. Finally, Wells Fargo & Company downgraded Lamar Advertising from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $72.50.
Lamar Advertising Company Profile
Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.
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