Lamar Advertising Target of Unusually Large Options Trading (NASDAQ:LAMR)

Lamar Advertising Co (NASDAQ:LAMR) saw unusually large options trading on Monday. Stock traders acquired 1,172 call options on the company. This is an increase of approximately 1,174% compared to the average volume of 92 call options.

LAMR has been the topic of a number of recent research reports. Zacks Investment Research lowered Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. BidaskClub lowered Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. Finally, ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Lamar Advertising has a consensus rating of “Hold” and a consensus price target of $78.50.

Shares of Lamar Advertising stock opened at $79.87 on Wednesday. Lamar Advertising has a 52 week low of $64.51 and a 52 week high of $84.50. The company has a fifty day simple moving average of $80.72. The firm has a market cap of $8.07 billion, a price-to-earnings ratio of 14.52 and a beta of 0.97. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.48.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.43). Lamar Advertising had a net margin of 20.68% and a return on equity of 30.95%. The business had revenue of $384.50 million during the quarter, compared to analyst estimates of $384.84 million. During the same period last year, the company earned $0.15 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts expect that Lamar Advertising will post 5.62 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 4.81%. The ex-dividend date was Thursday, June 13th. Lamar Advertising’s dividend payout ratio (DPR) is presently 69.82%.

In other Lamar Advertising news, Director Thomas V. Reifenheiser sold 4,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $81.05, for a total transaction of $324,200.00. Following the transaction, the director now owns 38,708 shares of the company’s stock, valued at $3,137,283.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Keith A. Istre sold 16,294 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $80.28, for a total value of $1,308,082.32. Following the transaction, the chief financial officer now directly owns 118,991 shares in the company, valued at approximately $9,552,597.48. The disclosure for this sale can be found here. Insiders own 15.19% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. First Allied Advisory Services Inc. lifted its stake in Lamar Advertising by 4.3% during the 1st quarter. First Allied Advisory Services Inc. now owns 3,107 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 129 shares in the last quarter. 6 Meridian lifted its stake in Lamar Advertising by 2.0% during the 2nd quarter. 6 Meridian now owns 6,540 shares of the real estate investment trust’s stock worth $528,000 after acquiring an additional 131 shares in the last quarter. Tompkins Financial Corp lifted its stake in Lamar Advertising by 63.3% during the 1st quarter. Tompkins Financial Corp now owns 343 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 133 shares in the last quarter. Cetera Investment Advisers lifted its stake in Lamar Advertising by 4.4% during the 4th quarter. Cetera Investment Advisers now owns 3,359 shares of the real estate investment trust’s stock worth $233,000 after acquiring an additional 141 shares in the last quarter. Finally, WealthPLAN Partners LLC lifted its stake in Lamar Advertising by 2.7% during the 1st quarter. WealthPLAN Partners LLC now owns 7,320 shares of the real estate investment trust’s stock worth $598,000 after acquiring an additional 195 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Company Profile

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with approximately 360,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day.

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