Lamar Advertising Company $LAMR Stock: Sumitomo Mitsui Trust Group Inc. Lowers Holdings

Posted by Brenda Bartman on Nov 7th, 2026

Sumitomo Mitsui Trust Group Inc. lessened its holdings in Lamar Advertising Company (NASDAQ:LAMR – Free Report) by 9.8% during the third quarter, HoldingsChannel.com reports. The firm owned 84,222 shares of the real estate investment trust’s stock after selling 9,104 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Lamar Advertising were worth $12,137,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Eastern Bank acquired a new stake in Lamar Advertising in the 3rd quarter valued at $26,000. Parkside Financial Bank & Trust boosted its stake in shares of Lamar Advertising by 53.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 243 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 85 shares during the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of Lamar Advertising by 451.1% during the 2nd quarter. Elevation Wealth Partners LLC now owns 259 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 212 shares during the last quarter. Western Wealth Management LLC bought a new position in Lamar Advertising in the first quarter valued at approximately $40,000. Finally, CX Institutional increased its position in shares of Lamar Advertising by 238.0% during the 3rd quarter. CX Institutional now owns 311 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 219 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Insider Activity

In other news, Director Thomas Reifenheiser sold 8,099 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $149.03, for a total transaction of $1,206,993.97. Following the completion of the sale, the director owned 36,387 shares in the company, valued at approximately $5,422,754.61. This trade represents a 18.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 15.24% of the company’s stock.

Key Headlines Impacting Lamar Advertising

Here are the key news stories impacting Lamar Advertising this week:

Positive Sentiment: Q3 funds from operations beat estimates. FFO was $2.41 per share, above the $2.36 consensus and up from $2.20 a year earlier. Revenue reached $624.5 million, slightly topping estimates, while adjusted EBITDA was $306.9 million. Zacks article: Lamar beats Q3 FFO and revenue estimates
Positive Sentiment: Management raised its full-year AFFO outlook. The company’s 2026 AFFO guidance increased to $8.97 per share. An outside analysis also highlighted 9.5% year-over-year AFFO growth and resilient local advertising demand as supportive factors. Lamar raises 2026 AFFO outlook
Neutral Sentiment: Wells Fargo raised its price target from $156 to $158 but maintained an “equal weight” rating. The new target suggests limited upside from the reported $155.98 price, tempering the otherwise favorable earnings and guidance news. Wells Fargo recommendations

Lamar Advertising Stock Performance

NASDAQ:LAMR traded down $1.31 on Friday, hitting $155.99. The company’s stock had a trading volume of 993,125 shares, compared to its average volume of 540,065. Lamar Advertising Company has a one year low of $120.54 and a one year high of $166.33. The firm has a market capitalization of $15.84 billion, a P/E ratio of 27.51 and a beta of 1.23. The stock has a fifty day moving average of $149.76 and a two-hundred day moving average of $145.35. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.29.

Lamar Advertising (NASDAQ:LAMR – Get Free Report) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 EPS for the quarter, hitting the consensus estimate of $1.58. The company had revenue of $616.75 million during the quarter, compared to the consensus estimate of $606.61 million. Lamar Advertising had a return on equity of 54.94% and a net margin of 23.90%. Research analysts predict that Lamar Advertising Company will post 8.40 earnings per share for the current year.

Lamar Advertising Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were given a $1.65 dividend. The ex-dividend date of this dividend was Monday, September 21st. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.60. This represents a $6.60 annualized dividend and a dividend yield of 4.2%. Lamar Advertising’s payout ratio is currently 120.44%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LAMR shares. Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a report on Wednesday, August 19th. Citigroup downgraded shares of Lamar Advertising from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $145.00 to $160.00 in a report on Friday, July 10th. JPMorgan Chase & Co. upped their price target on shares of Lamar Advertising from $153.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Wells Fargo & Company lifted their price objective on shares of Lamar Advertising from $156.00 to $158.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Morgan Stanley set a $170.00 price objective on shares of Lamar Advertising in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $161.33.

Read Our Latest Report on Lamar Advertising

About Lamar Advertising

(Free Report)

Lamar Advertising Company is an outdoor advertising company that provides businesses with advertising displays across the United States. Its offerings include traditional and digital billboards, bulletin and poster displays, transit advertising, and other out-of-home media formats.

The company also provides logo sign and tourist-oriented directional signage services through displays located along highways and other major transportation routes. Its digital advertising network allows advertisers to deliver messages that can be updated more frequently than traditional static signage.

Lamar traces its roots to 1902 and is headquartered in Baton Rouge, Louisiana.