ERTS Wealth Advisors LLC Reduces Stock Position in Lamar Advertising (NASDAQ:LAMR)

ERTS Wealth Advisors LLC trimmed its holdings in shares of Lamar Advertising (NASDAQ:LAMR) by 10.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,486 shares of the real estate investment trust’s stock after selling 291 shares during the quarter. ERTS Wealth Advisors LLC’s holdings in Lamar Advertising were worth $303,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. raised its stake in shares of Lamar Advertising by 444.1% in the third quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 151 shares during the period. Brooklyn Investment Group purchased a new stake in Lamar Advertising in the 3rd quarter worth about $25,000. Concord Wealth Partners bought a new stake in Lamar Advertising in the third quarter worth about $26,000. Assetmark Inc. boosted its position in shares of Lamar Advertising by 109.3% during the third quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 117 shares during the period. Finally, Versant Capital Management Inc grew its stake in shares of Lamar Advertising by 46.6% during the fourth quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 143 shares during the last quarter. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Stock Performance

LAMR stock opened at $127.82 on Wednesday. Lamar Advertising has a 1-year low of $102.10 and a 1-year high of $139.88. The business has a 50-day moving average price of $126.21 and a 200 day moving average price of $126.08. The company has a market capitalization of $13.08 billion, a P/E ratio of 25.56 and a beta of 1.50. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.73). The business had revenue of $564.10 million during the quarter, compared to analysts’ expectations of $568.91 million. Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. Lamar Advertising’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.04 EPS. As a group, equities research analysts forecast that Lamar Advertising will post 7.49 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 18th were issued a $1.40 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.38%. Lamar Advertising’s dividend payout ratio is presently 112.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LAMR shares. StockNews.com cut Lamar Advertising from a “buy” rating to a “hold” rating in a report on Monday, November 11th. TD Cowen boosted their target price on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company decreased their price objective on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Finally, Morgan Stanley upped their target price on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $132.40.

About Lamar Advertising

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.