Schulhoff & Co. Inc. Makes New Investment in Lamar Advertising (NASDAQ:LAMR)

Schulhoff & Co. Inc. acquired a new position in Lamar Advertising (NASDAQ:LAMR) during the third quarter, HoldingsChannel reports. The institutional investor acquired 1,620 shares of the real estate investment trust’s stock, valued at approximately $216,000.

Other hedge funds have also recently made changes to their positions in the company. Centersquare Investment Management LLC boosted its holdings in Lamar Advertising by 82.8% in the first quarter. Centersquare Investment Management LLC now owns 621,763 shares of the real estate investment trust’s stock valued at $72,031,000 after acquiring an additional 281,582 shares in the last quarter. Boston Trust Walden Corp increased its position in shares of Lamar Advertising by 2.3% during the second quarter. Boston Trust Walden Corp now owns 399,678 shares of the real estate investment trust’s stock valued at $47,774,000 after buying an additional 8,857 shares during the period. Csenge Advisory Group bought a new position in Lamar Advertising in the second quarter worth about $722,000. Natixis Advisors LLC raised its stake in Lamar Advertising by 13.1% in the second quarter. Natixis Advisors LLC now owns 60,442 shares of the real estate investment trust’s stock worth $7,225,000 after buying an additional 6,979 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Lamar Advertising by 179.4% in the second quarter. Acadian Asset Management LLC now owns 18,639 shares of the real estate investment trust’s stock worth $2,226,000 after buying an additional 11,967 shares during the period. 93.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LAMR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on Lamar Advertising from $117.00 to $121.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Wells Fargo & Company decreased their price objective on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a report on Monday. Morgan Stanley boosted their target price on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday. StockNews.com cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday. Finally, TD Cowen upped their price objective on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a report on Monday. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Lamar Advertising currently has an average rating of “Hold” and a consensus target price of $132.40.

Lamar Advertising Stock Performance

Shares of Lamar Advertising stock opened at $128.25 on Thursday. Lamar Advertising has a 1 year low of $94.71 and a 1 year high of $139.88. The firm’s 50-day moving average is $131.93 and its 200 day moving average is $123.19. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 25.65 and a beta of 1.52. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.41.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.73). The firm 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 was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.04 earnings per share. Sell-side analysts anticipate that Lamar Advertising will post 7.75 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 18th were given a $1.40 dividend. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $5.60 dividend on an annualized basis and a yield of 4.37%. Lamar Advertising’s payout ratio is 112.00%.

Lamar Advertising Profile

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.