Uniplan Investment Counsel Inc. Boosts Holdings in Lamar Advertising (LAMR)

Uniplan Investment Counsel Inc. raised its holdings in shares of Lamar Advertising (NASDAQ:LAMR) by 2.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 258,085 shares of the real estate investment trust’s stock after purchasing an additional 5,224 shares during the period. Uniplan Investment Counsel Inc. owned 0.26% of Lamar Advertising worth $17,686,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC purchased a new stake in Lamar Advertising during the 2nd quarter worth approximately $598,020,000. Victory Capital Management Inc. grew its position in Lamar Advertising by 81.2% during the 2nd quarter. Victory Capital Management Inc. now owns 2,403,223 shares of the real estate investment trust’s stock worth $176,805,000 after purchasing an additional 1,077,170 shares during the last quarter. BlackRock Inc. grew its position in Lamar Advertising by 7.5% during the 2nd quarter. BlackRock Inc. now owns 7,606,970 shares of the real estate investment trust’s stock worth $559,646,000 after purchasing an additional 528,392 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Lamar Advertising during the 2nd quarter worth approximately $33,402,000. Finally, Renaissance Technologies LLC grew its position in Lamar Advertising by 251.7% during the 2nd quarter. Renaissance Technologies LLC now owns 391,800 shares of the real estate investment trust’s stock worth $28,825,000 after purchasing an additional 280,388 shares during the last quarter. 84.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of Lamar Advertising (LAMR) opened at $76.41 on Wednesday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.55 and a current ratio of 1.55. Lamar Advertising has a 12 month low of $62.45 and a 12 month high of $79.09. The company has a market cap of $7,494.54, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 5.25 and a beta of 1.16.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.98 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.34). Lamar Advertising had a net margin of 20.33% and a return on equity of 29.03%. The business had revenue of $399.30 million for the quarter, compared to analyst estimates of $392.10 million. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. equities research analysts predict that Lamar Advertising will post 4.83 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 4.34%. The ex-dividend date is Friday, December 15th. Lamar Advertising’s payout ratio is 105.40%.

LAMR has been the topic of several research analyst reports. MKM Partners dropped their target price on shares of Lamar Advertising from $72.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 9th. ValuEngine raised shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. BidaskClub downgraded shares of Lamar Advertising from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Citigroup reissued a “neutral” rating and set a $66.00 target price (down previously from $69.00) on shares of Lamar Advertising in a research report on Friday, August 11th. Finally, Morgan Stanley dropped their target price on shares of Lamar Advertising from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Monday, September 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Lamar Advertising presently has a consensus rating of “Hold” and an average price target of $73.00.

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Lamar Advertising 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.

Institutional Ownership by Quarter for Lamar Advertising (NASDAQ:LAMR)

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