Knights of Columbus Asset Advisors LLC Acquires 1,132 Shares of Lamar Advertising Company (REIT) (NASDAQ:LAMR)

Knights of Columbus Asset Advisors LLC increased its holdings in shares of Lamar Advertising Company (REIT) (NASDAQ:LAMR) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,909 shares of the real estate investment trust’s stock after acquiring an additional 1,132 shares during the period. Knights of Columbus Asset Advisors LLC owned approximately 0.06% of Lamar Advertising worth $6,360,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Shell Asset Management Co. lifted its position in Lamar Advertising by 5.7% during the second quarter. Shell Asset Management Co. now owns 10,535 shares of the real estate investment trust’s stock valued at $1,100,000 after purchasing an additional 570 shares during the period. Xponance Inc. lifted its position in Lamar Advertising by 96.1% during the second quarter. Xponance Inc. now owns 17,882 shares of the real estate investment trust’s stock valued at $1,867,000 after purchasing an additional 8,764 shares during the period. Berman Capital Advisors LLC lifted its position in Lamar Advertising by 1.4% during the second quarter. Berman Capital Advisors LLC now owns 17,875 shares of the real estate investment trust’s stock valued at $1,865,000 after purchasing an additional 245 shares during the period. Mackenzie Financial Corp lifted its position in Lamar Advertising by 2.5% during the second quarter. Mackenzie Financial Corp now owns 129,967 shares of the real estate investment trust’s stock valued at $13,571,000 after purchasing an additional 3,202 shares during the period. Finally, BlackRock Inc. increased its holdings in Lamar Advertising by 0.4% during the second quarter. BlackRock Inc. now owns 8,024,080 shares of the real estate investment trust’s stock valued at $837,874,000 after buying an additional 29,821 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

LAMR stock opened at $117.42 on Monday. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $11.88 billion, a PE ratio of 36.02 and a beta of 1.48. The firm’s 50-day moving average is $109.96 and its 200 day moving average is $104.19. Lamar Advertising Company has a 12 month low of $59.78 and a 12 month high of $119.20.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Wednesday, August 4th. The real estate investment trust reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.32. Lamar Advertising had a net margin of 20.20% and a return on equity of 27.71%. During the same period in the prior year, the company posted $0.31 EPS. Sell-side analysts forecast that Lamar Advertising Company will post 6.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Monday, September 20th will be paid a $1.00 dividend. The ex-dividend date is Friday, September 17th. This is a boost from Lamar Advertising’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a yield of 3.41%. Lamar Advertising’s dividend payout ratio (DPR) is 78.43%.

A number of brokerages have recently issued reports on LAMR. Morgan Stanley increased their price objective on shares of Lamar Advertising from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, June 11th. TheStreet upgraded shares of Lamar Advertising from a “c+” rating to a “b+” rating in a research report on Thursday, August 5th.

About Lamar Advertising

Lamar Advertising Co engages in advertising services. The firm rent advertising space on billboards, buses, shelters, benches, logo plates, and in airport terminals. The company was founded in 1902 and is headquartered in Baton Rouge, LA.

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

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