Inceptionr LLC increased its stake in Lamar Advertising Company (NASDAQ:LAMR – Free Report) by 218.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,904 shares of the real estate investment trust’s stock after purchasing an additional 6,112 shares during the period. Inceptionr LLC’s holdings in Lamar Advertising were worth $1,127,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Janney Montgomery Scott LLC lifted its stake in Lamar Advertising by 0.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 41,796 shares of the real estate investment trust’s stock valued at $5,291,000 after buying an additional 188 shares during the last quarter. Deutsche Bank AG grew its position in shares of Lamar Advertising by 62.1% during the fourth quarter. Deutsche Bank AG now owns 339,095 shares of the real estate investment trust’s stock worth $42,923,000 after acquiring an additional 129,877 shares during the last quarter. Focus Partners Advisor Solutions LLC increased its holdings in shares of Lamar Advertising by 27.6% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 5,390 shares of the real estate investment trust’s stock worth $682,000 after acquiring an additional 1,166 shares during the period. Marks Group Wealth Management Inc increased its holdings in shares of Lamar Advertising by 13.4% in the 4th quarter. Marks Group Wealth Management Inc now owns 20,435 shares of the real estate investment trust’s stock worth $2,587,000 after acquiring an additional 2,417 shares during the period. Finally, Commonwealth Retirement Investments LLC bought a new stake in Lamar Advertising in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 93.78% of the company’s stock.
Insider Buying and Selling
In other Lamar Advertising news, EVP Ross Lamar Reilly sold 5,969 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $128.65, for a total value of $767,911.85. Following the completion of the sale, the executive vice president directly owned 15,850 shares in the company, valued at $2,039,102.50. This represents a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.24% of the stock is currently owned by insiders.
Lamar Advertising Stock Performance
Lamar Advertising (NASDAQ:LAMR – Get Free Report) last released its earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, beating the consensus estimate of $0.82 by $0.18. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. The firm had revenue of $528.00 million for the quarter, compared to analysts’ expectations of $522.86 million. Sell-side analysts predict that Lamar Advertising Company will post 8.41 earnings per share for the current fiscal year.
Lamar Advertising Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $1.60 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $6.40 annualized dividend and a yield of 4.2%. Lamar Advertising’s payout ratio is presently 118.08%.
Analyst Ratings Changes
A number of research analysts have issued reports on LAMR shares. Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. UBS Group set a $150.00 price target on shares of Lamar Advertising in a research note on Monday, February 23rd. TD Cowen boosted their price objective on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Morgan Stanley set a $145.00 price objective on Lamar Advertising in a report on Thursday, May 7th. Finally, Wells Fargo & Company raised their target price on Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.
View Our Latest Stock Report on Lamar Advertising
Lamar Advertising Profile
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.
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