Economy

Lamar Advertising Company (LAMR) Shares Bought by Utah Retirement Systems

Lamar Advertising Company (LAMR) Shares Bought by Utah Retirement Systems

Perkins Investment Management LLC now owns 1,201,633 shares of the company's stock valued at $78,479,000 after buying an additional 307,795 shares during the period. This represents a $3.32 dividend on an annualized basis and a dividend yield of 5.10%.

Lamar Advertising Company is an outdoor advertising company in the United States. AvalonBay Communities Inc (NYSE:AVB) has risen 6.66% since September 9, 2016 and is uptrending.

Investors sentiment increased to 1.25 in 2016 Q4. The stock rose 1.36% or $0.74 reaching $54.96 per share. Analysts expect Lamar Advertising to earn $3.28 per share next year, which means the company may not be able to cover its $3.32 annual dividend with an expected future payout ratio of 101.2%. The value of the position overall is down by 96.8%.

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Lamar Advertising (NASDAQ LAMR) traded up 1.50% on Wednesday, hitting $64.09. ISTRE KEITH A also sold $1.94M worth of Lamar Advertising Company (NASDAQ:LAMR) shares. Schroder Mgmt Grp Inc reported 892,307 shares. 11,500 are held by Intll Sarl.

Shares of Lamar Advertising Co (LAMR) now have a 14-day ADX of 33.91. Los Angeles Cap Management Equity Rech accumulated 0.16% or 311,713 shares. 1,052,953 shares of the stock were exchanged. Janus Cap Ltd Co holds 6.74 million shares.

Lamar Advertising Company (LAMR) opened at 63.14 on Wednesday. Shares of BHF have downtrended 0% in the past three months, while the S&P 500 has moved 0% in that time. US Bancorp DE lifted its position in shares of Lamar Advertising by 0.6% during the first quarter. Swiss Financial Bank holds 136,238 shares or 0.01% of its portfolio. Ancora Advsrs Ltd Limited Liability Company invested in 90,619 shares or 0.44% of the stock. The Minnesota-based Walleye Trading Limited Liability Co has invested 0.01% in Sohu.com Inc (NASDAQ:SOHU). Therefore 33% are positive. Lamar Advertising had 17 analyst reports since August 6, 2015 according to SRatingsIntel. Finally, Wells Fargo & Company cut Lamar Advertising from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 26th.

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02/26/2015 - Lamar Advertising Company had its "neutral" rating reiterated by analysts at JP Morgan. Fuller Thaler Asset Management Incorporated stated it has 0% in Lamar Advertising Company (NASDAQ:LAMR). Proshare Advsr has invested 0.02% in Lamar Advertising Company (NASDAQ:LAMR). As per Tuesday, September 13, the company rating was initiated by Loop Capital. M Partners maintained the shares of LAMR in report on Wednesday, February 24 with "Neutral" rating. The firm has "Neutral" rating given on Friday, August 11 by Citigroup. The rating was maintained by Topeka Capital Markets on Thursday, November 5 with "Hold". Goldman Sachs upgraded the shares of LAMR in report on Tuesday, January 17 to "Buy" rating. The stock of Lamar Advertising Company (NASDAQ:LAMR) earned "Hold" rating by Topeka Capital Markets on Thursday, November 5. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,050 shares of the real estate investment trust's stock valued at $228,000 after purchasing an additional 551 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 8,980 shares of the real estate investment trust's stock valued at $634,000 after buying an additional 75 shares during the period. Amazon.Com Inc (NASDAQ:AMZN) was reduced too.

Since March 9, 2017, it had 0 buys, and 3 selling transactions for $7.09 million activity. The insider Breslin Sean J. sold 1,500 shares worth $288,289. REILLY ANNA sold 50,000 shares worth $3.74M.

It closed at $18.94 lastly. It has underperformed by 5.22% the S&P500. Northern Tru holds 0.12% in AvalonBay Communities Inc (NYSE:AVB) or 2.18M shares. The company had revenue of $397.10 million during the quarter, compared to the consensus estimate of $399.09 million. The Firm develops therapeutic product candidates using its antibody technology platforms and also in collaboration with other biopharmaceutical companies.

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If the ratio is less than 1, then we can determine that there has been a decrease in price. Its down 0.06, from 1.2 in 2016Q3. It is positive, as 15 investors sold MacroGenics Inc shares while 40 reduced holdings. 29 funds opened positions while 84 raised stakes. The Tealwood Asset Management Inc holds 70,141 shares with $4.72M value, up from 65,650 last quarter. Clearbridge Investments Ltd Co holds 0.18% in MPLX LP (NYSE:MPLX) or 4.80 million shares. Da Davidson & Company invested in 1,554 shares or 0% of the stock. Bb&T Corp invested 0.01% of its portfolio in MPLX LP (NYSE:MPLX). Sg Americas Lc reported 6,586 shares or 0% of all its holdings. California Pub Employees Retirement Systems owns 202,000 shares for 0.02% of their portfolio. Thornburg holds 1.79 million shares or 0.93% of its portfolio. Lord Abbett Ltd Company holds 0.19% in AvalonBay Communities Inc (NYSE:AVB) or 359,650 shares. Barnett reported 0.14% of its portfolio in AvalonBay Communities Inc (NYSE:AVB).