Foundations Investment Advisors LLC Sells 482 Shares of Lamar Advertising Company (NASDAQ:LAMR)

Foundations Investment Advisors LLC reduced its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 13.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,186 shares of the real estate investment trust’s stock after selling 482 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Lamar Advertising were worth $362,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LAMR. FMR LLC increased its holdings in shares of Lamar Advertising by 11.0% in the fourth quarter. FMR LLC now owns 5,527,270 shares of the real estate investment trust’s stock valued at $672,890,000 after purchasing an additional 545,606 shares during the last quarter. Cohen & Steers Inc. increased its holdings in shares of Lamar Advertising by 453.6% in the fourth quarter. Cohen & Steers Inc. now owns 2,660,664 shares of the real estate investment trust’s stock valued at $323,900,000 after purchasing an additional 2,180,011 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Lamar Advertising by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 2,114,001 shares of the real estate investment trust’s stock valued at $257,414,000 after purchasing an additional 59,039 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Lamar Advertising by 50.5% in the fourth quarter. Northern Trust Corp now owns 1,278,397 shares of the real estate investment trust’s stock valued at $155,632,000 after purchasing an additional 428,744 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Lamar Advertising by 5.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 917,833 shares of the real estate investment trust’s stock valued at $104,431,000 after purchasing an additional 50,004 shares during the last quarter. 93.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LAMR has been the topic of several research reports. Citigroup upgraded shares of Lamar Advertising from a “neutral” rating to a “buy” rating and upped their price target for the company from $114.00 to $135.00 in a research note on Thursday, May 29th. Morgan Stanley decreased their price target on shares of Lamar Advertising from $135.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $134.00.

Lamar Advertising Trading Down 1.1%

LAMR stock opened at $120.91 on Friday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.57 and a current ratio of 0.57. The company’s 50-day simple moving average is $122.16 and its 200 day simple moving average is $119.55. Lamar Advertising Company has a 52 week low of $99.84 and a 52 week high of $139.88. The company has a market capitalization of $12.38 billion, a PE ratio of 29.35 and a beta of 1.33.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. The firm had revenue of $505.43 million for the quarter, compared to the consensus estimate of $509.72 million. Lamar Advertising had a net margin of 19.08% and a return on equity of 37.62%. As a group, sell-side analysts anticipate that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Monday, June 16th. Lamar Advertising’s dividend payout ratio is presently 150.49%.

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.