Marks Group Wealth Management Inc Reduces Holdings in Lamar Advertising (NASDAQ:LAMR)

Marks Group Wealth Management Inc lowered its position in Lamar Advertising (NASDAQ:LAMR) by 1.2% during the 4th quarter, HoldingsChannel reports. The fund owned 17,396 shares of the real estate investment trust’s stock after selling 210 shares during the period. Marks Group Wealth Management Inc’s holdings in Lamar Advertising were worth $2,118,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LAMR. Wellington Management Group LLP raised its position in Lamar Advertising by 45.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust’s stock worth $263,840,000 after purchasing an additional 617,356 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Lamar Advertising during the third quarter valued at approximately $43,665,000. International Assets Investment Management LLC raised its holdings in shares of Lamar Advertising by 49,140.4% in the third quarter. International Assets Investment Management LLC now owns 285,102 shares of the real estate investment trust’s stock worth $38,090,000 after buying an additional 284,523 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Lamar Advertising by 148.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 434,563 shares of the real estate investment trust’s stock worth $58,058,000 after acquiring an additional 259,979 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its stake in shares of Lamar Advertising by 631.7% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 180,296 shares of the real estate investment trust’s stock worth $24,088,000 after acquiring an additional 155,656 shares during the last quarter. Institutional investors own 93.78% of the company’s stock.

Analyst Upgrades and Downgrades

LAMR has been the topic of several research analyst reports. StockNews.com downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Morgan Stanley upped their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. TD Cowen raised their price target on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company lowered 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 research report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $132.40.

Lamar Advertising Price Performance

LAMR opened at $126.75 on Wednesday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. The business’s fifty day simple moving average is $125.13 and its 200-day simple moving average is $126.90. The company has a market capitalization of $12.97 billion, a price-to-earnings ratio of 25.35 and a beta of 1.51. Lamar Advertising has a 12-month low of $102.10 and a 12-month high of $139.88.

Lamar Advertising Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th were given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date was Wednesday, December 18th. Lamar Advertising’s dividend payout ratio (DPR) is 112.00%.

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.