Renaissance Technologies LLC Purchases Shares of 98,212 Lamar Advertising Company $LAMR

Posted by Brian Himes on Aug 2nd, 2026

Renaissance Technologies LLC acquired a new position in shares of Lamar Advertising Company (NASDAQ:LAMR – Free Report) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 98,212 shares of the real estate investment trust’s stock, valued at approximately $12,440,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Tucker Asset Management LLC purchased a new stake in Lamar Advertising in the 4th quarter valued at $25,000. Sound Income Strategies LLC boosted its holdings in Lamar Advertising by 151.0% during the 4th quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 151 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Lamar Advertising during the 3rd quarter worth $33,000. Larson Financial Group LLC grew its stake in shares of Lamar Advertising by 48.1% in the 4th quarter. Larson Financial Group LLC now owns 317 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 103 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Lamar Advertising in the 3rd quarter worth $39,000. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Trading Down 0.4%

Shares of LAMR stock opened at $159.96 on Friday. The company has a 50 day moving average of $155.62 and a 200-day moving average of $141.84. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.33. Lamar Advertising Company has a 12-month low of $113.66 and a 12-month high of $166.33. The firm has a market cap of $16.23 billion, a P/E ratio of 29.51 and a beta of 1.19.

Lamar Advertising (NASDAQ:LAMR – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. The firm had revenue of $528.00 million for the quarter, compared to analysts’ expectations of $522.86 million. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%. Sell-side analysts anticipate that Lamar Advertising Company will post 8.41 earnings per share for the current year.

Lamar Advertising Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a $1.60 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $6.40 annualized dividend and a dividend yield of 4.0%. Lamar Advertising’s payout ratio is 118.08%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and set a $153.00 price target on shares of Lamar Advertising in a research report on Wednesday, July 22nd. Citigroup downgraded shares of Lamar Advertising from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $145.00 to $160.00 in a research report on Friday, July 10th. TD Cowen increased their price objective on shares of Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Wells Fargo & Company lifted their target price on shares of Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $154.67.

View Our Latest Analysis on LAMR

Lamar Advertising Profile

(Free Report)

Lamar Advertising Company (NASDAQ: LAMR) is one of North America’s largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.