American Trust Investment Advisors LLC Has $412,000 Position in Lamar Advertising (LAMR)

American Trust Investment Advisors LLC cut its stake in Lamar Advertising (NASDAQ:LAMR) by 81.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,013 shares of the real estate investment trust’s stock after selling 25,695 shares during the period. American Trust Investment Advisors LLC’s holdings in Lamar Advertising were worth $412,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of LAMR. Westpac Banking Corp acquired a new stake in Lamar Advertising during the 2nd quarter worth about $176,000. Penserra Capital Management LLC raised its stake in shares of Lamar Advertising by 9.5% during the 2nd quarter. Penserra Capital Management LLC now owns 2,478 shares of the real estate investment trust’s stock worth $182,000 after purchasing an additional 214 shares in the last quarter. Verity Asset Management Inc. purchased a new stake in shares of Lamar Advertising during the 2nd quarter worth about $204,000. Alpha Cubed Investments LLC purchased a new stake in shares of Lamar Advertising during the 3rd quarter worth about $211,000. Finally, Creative Planning raised its stake in shares of Lamar Advertising by 4.7% during the 2nd quarter. Creative Planning now owns 3,042 shares of the real estate investment trust’s stock worth $224,000 after purchasing an additional 136 shares in the last quarter. 84.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Lamar Advertising (LAMR) opened at $76.41 on Wednesday. The company has a market capitalization of $7,494.54, a PE ratio of 15.26, a P/E/G ratio of 5.25 and a beta of 1.16. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.23. Lamar Advertising has a fifty-two week low of $62.45 and a fifty-two week high of $79.09.

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

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

A number of research analysts recently weighed in on LAMR shares. Morgan Stanley cut their price objective on Lamar Advertising from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Monday, September 18th. ValuEngine raised Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. MKM Partners decreased their price objective on Lamar Advertising from $72.00 to $64.00 and set a “neutral” rating on the stock in a report on Wednesday, August 9th. BidaskClub lowered Lamar Advertising from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $66.00 price target (down previously from $69.00) on shares of Lamar Advertising in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $73.00.

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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.

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

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