Brookstone Capital Management, an institutional investor, has recently acquired a new position in Lamar Advertising (NASDAQ:LAMR), according to its latest Form 13F filing with the Securities and Exchange Commission (SEC). The purchase involved 2,279 shares of the real estate investment trust’s stock, amounting to approximately $226,000. This move indicates Brookstone Capital Management’s confidence in the potential of Lamar Advertising as an investment opportunity.
Lamar Advertising, a prominent player in the real estate investment trust sector, recently released its quarterly earnings results on Thursday, August 3rd. The company posted earnings per share (EPS) of $1.90 for the quarter, outperforming analysts’ consensus estimates by $0.10. This positive outcome demonstrates Lamar Advertising’s strong financial performance during this period.
Furthermore, Lamar Advertising displayed a net margin of 20.19% and a return on equity of 34.91%, indicating its efficiency in generating profits for shareholders. The company’s revenue for the quarter amounted to $541.10 million, surpassing analysts’ expectations of $535.00 million. This represents a year-over-year increase of 4.5% in business revenue.
It is noteworthy that Lamar Advertising’s earnings per share for the same quarter in the previous year were $1.94, revealing a slight decrease compared to the current period. Despite this minor dip, Lamar Advertising remains a solid performer in terms of financial growth and stability.
The recent acquisition by Brookstone Capital Management reflects their recognition of Lamar Advertising’s positive trajectory in the market as well as its potential for future growth. Investors are likely drawn to Lamar Advertising due to its consistently strong financial results and its ability to surpass market expectations.
To gain further insights into Lamar Advertising and evaluate its prospects as an investment opportunity, interested parties should refer to our latest research report on the company. This comprehensive report provides an in-depth analysis of various factors, including financial performance, industry trends, and market competition. By referring to this report, investors can make well-informed decisions based on reliable data and analysis.
As of September 24, 2023, Lamar Advertising stands as an attractive investment option for those seeking stability and potential growth within the real estate investment trust sector. With its impressive financial performance and the endorsement of Brookstone Capital Management through their recent purchase, Lamar Advertising presents an opportunity worth considering for investors looking for long-term returns.
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Updated on: 05/12/2023
Financial Health
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Debt to equity ratio: Neutral
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Institutional Investors Show Interest in Lamar Advertising (LAMR) as Dividend Announcement Raises Investor Attention
In recent times, there have been several noteworthy transactions involving institutional investors and Lamar Advertising (LAMR). Invesco Ltd., for example, significantly increased its stake in the real estate investment trust during the first quarter of this year by 186.6%. This move saw them acquire an additional 923,689 shares, resulting in a total ownership of 1,418,785 shares valued at $164,834,000. Similarly, Norges Bank entered the scene by purchasing a new position well worth $79,703,000 in the fourth quarter of last year.
It is worth mentioning that Morgan Stanley also decided to expand its stake in Lamar Advertising during the same period. The renowned financial institution raised its ownership by 50.3%, acquiring an extra 463,212 shares. As a result of this transaction, Morgan Stanley’s position now stands at 1,384,858 shares valued at $130,731,000. Additionally making waves in the first quarter was Anchor Capital Advisors LLC. This company remarkably boosted its stake by an impressive 257.8%, procuring an additional 376,006 shares bringing their total share count to 521,878 — valuing at $52,130,000.
Price T Rowe Associates Inc. MD also joined in on the investing action during the first quarter when they amplified their ownership by a staggering 97.8%. By purchasing an extra 364,900 shares on top of their existing ones worth $73,737,000 in total now for the real estate investment trust’s stock.
It is important to consider that as of September 24th this year approximately 79.80% of LAMR stock is owned by various institutional investors demonstrating significant interest from big players in the market.
As we delve further into analyzing Lamar Advertising’s performance and outlook based on its stock data: on Friday LAMR opened at $84.24 with a market capitalization of $8.59 billion. The stock boasts a price-to-earnings (PE) ratio of 20.50 and has a beta of 1.39, exhibiting moderate volatility in comparison to the overall market index.
The company has a debt-to-equity ratio of 2.71, indicating that it primarily uses debt to finance its operations rather than relying heavily on shareholder equity. Further analysis reveals that Lamar Advertising possesses a quick ratio and current ratio both holding at 0.58, which implies slightly weak liquidity conditions.
During the past year, LAMR experienced price fluctuations with its fifty-two week low at $81.10 and its fifty-two week high reaching $111.49—an indication of substantial price volatility within the given period. Presently, the stock’s fifty-day simple moving average stands at $91.20 while its two-hundred day simple moving average averages out at $95.12.
In other news, Lamar Advertising recently disclosed their quarterly dividend plans for shareholders set to be paid on Friday, September 29th—representing an enticing opportunity for investors who may be interested in dividend investments or seeking continuous income streams from their portfolio. Stockholders registered as of Monday, September 18th will receive a dividend amounting to $1.25 per share on an annualized basis—equating to a dividend yield of 5.94%. The ex-dividend date associated with this particular payment was set on Friday, September 15th.
Turning our attention towards expert opinions in the field; several equities research analysts have weighed in on LAMR shares based on their assessments and findings up until now.
Morgan Stanley reduced their price target from $108.00 to $100.00 and assigned the stock an “equal weight” rating in one of their reports published on Monday, August 7th.
In another report by StockNews.com released on Monday, September 18th, shares of Lamar Advertising were downgraded from a “buy” rating to a “hold” rating.
Given the expansiveness and detail presented here, it becomes clearer that investors should take note of these recent developments surrounding Lamar Advertising. Factors such as notable institutional investments and dividend announcements provide the astute investor with crucial insights into the dynamics and potential growth opportunities associated with the company’s stock. While analysts’ opinions may differ, their assessments ultimately offer valuable perspectives when evaluating investment options in the ever-evolving market.
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