Duality Advisers LP Buys Shares of 11,454 Lamar Advertising (NASDAQ:LAMR)

Duality Advisers LP purchased a new position in Lamar Advertising (NASDAQ:LAMR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,454 shares of the real estate investment trust’s stock, valued at approximately $1,217,000.

Other large investors have also made changes to their positions in the company. Handelsbanken Fonder AB grew its stake in shares of Lamar Advertising by 12.1% during the fourth quarter. Handelsbanken Fonder AB now owns 16,681 shares of the real estate investment trust’s stock worth $1,773,000 after acquiring an additional 1,800 shares during the last quarter. CWM LLC grew its position in Lamar Advertising by 236.7% during the 4th quarter. CWM LLC now owns 1,256 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 883 shares during the last quarter. Signaturefd LLC increased its stake in Lamar Advertising by 103.7% during the 4th quarter. Signaturefd LLC now owns 1,004 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 511 shares in the last quarter. Carmel Capital Partners LLC raised its holdings in shares of Lamar Advertising by 16.3% in the fourth quarter. Carmel Capital Partners LLC now owns 3,467 shares of the real estate investment trust’s stock worth $368,000 after buying an additional 485 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its holdings in shares of Lamar Advertising by 53.4% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 9,968 shares of the real estate investment trust’s stock worth $1,059,000 after buying an additional 3,468 shares during the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

Lamar Advertising Stock Up 0.8 %

LAMR stock opened at $114.64 on Wednesday. The company has a market capitalization of $11.70 billion, a P/E ratio of 23.64 and a beta of 1.50. Lamar Advertising has a 12 month low of $77.21 and a 12 month high of $121.99. The firm’s fifty day simple moving average is $113.86 and its 200-day simple moving average is $104.13. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.52 and a quick ratio of 0.52.

Lamar Advertising (NASDAQ:LAMR) last posted its earnings results on Friday, February 23rd. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.49). The business had revenue of $555.91 million for the quarter, compared to analyst estimates 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 prior year, the firm earned $1.91 earnings per share. As a group, equities research analysts forecast that Lamar Advertising will post 7.54 earnings per share for the current year.

Lamar Advertising Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.54%. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.25. The ex-dividend date was Thursday, March 14th. Lamar Advertising’s dividend payout ratio (DPR) is 107.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LAMR shares. StockNews.com raised shares of Lamar Advertising from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. Morgan Stanley boosted their price target on Lamar Advertising from $105.00 to $110.00 and gave the company an “equal weight” rating in a research note on Monday, February 26th. Finally, JPMorgan Chase & Co. increased their price objective on Lamar Advertising from $92.00 to $109.00 and gave the company a “neutral” rating in a report on Monday, February 26th.

Insider Buying and Selling at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 5,000 shares of Lamar Advertising stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $118.97, for a total transaction of $594,850.00. Following the completion of the transaction, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $1,189,700. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 14.98% of the stock is currently owned by corporate insiders.

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.