Stratos Wealth Partners LTD. Sells 486 Shares of Lamar Advertising (NASDAQ:LAMR)

Stratos Wealth Partners LTD. decreased its holdings in shares of Lamar Advertising (NASDAQ:LAMR) by 20.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,950 shares of the real estate investment trust’s stock after selling 486 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Lamar Advertising were worth $238,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC increased its stake in shares of Lamar Advertising by 2.2% during the third quarter. Foundations Investment Advisors LLC now owns 3,744 shares of the real estate investment trust’s stock worth $500,000 after purchasing an additional 80 shares during the period. Private Advisor Group LLC increased its position in Lamar Advertising by 0.7% during the 3rd quarter. Private Advisor Group LLC now owns 11,798 shares of the real estate investment trust’s stock worth $1,576,000 after buying an additional 82 shares during the period. Jamison Private Wealth Management Inc. increased its position in Lamar Advertising by 6.6% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,349 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 84 shares during the period. Avior Wealth Management LLC lifted its holdings in shares of Lamar Advertising by 16.8% during the fourth quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 84 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Lamar Advertising by 3.4% in the third quarter. CIBC Asset Management Inc now owns 2,552 shares of the real estate investment trust’s stock valued at $341,000 after acquiring an additional 85 shares during the period. 93.78% of the stock is owned by institutional investors.

Lamar Advertising Trading Up 2.9 %

LAMR opened at $128.49 on Friday. The company’s 50 day moving average is $124.87 and its 200-day moving average is $126.93. The company has a market cap of $13.15 billion, a P/E ratio of 25.70 and a beta of 1.51. Lamar Advertising has a 1-year low of $104.11 and a 1-year high of $139.88. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48.

Lamar Advertising Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th were given a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 4.36%. The ex-dividend date was Wednesday, December 18th. Lamar Advertising’s dividend payout ratio (DPR) is currently 112.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LAMR shares. 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 report on Monday, November 11th. Morgan Stanley raised their target price 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. StockNews.com downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company reduced their price target on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Lamar Advertising currently has an average rating of “Hold” and a consensus price target of $132.40.

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.