Vancity Investment Management Ltd decreased its position in shares of Lamar Advertising Company (NASDAQ:LAMR – Free Report) by 12.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,467 shares of the real estate investment trust’s stock after selling 6,622 shares during the period. Vancity Investment Management Ltd’s holdings in Lamar Advertising were worth $7,404,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of LAMR. Tucker Asset Management LLC acquired a new position in shares of Lamar Advertising during the fourth quarter worth $25,000. Elevation Wealth Partners LLC boosted its position in shares of Lamar Advertising by 451.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 259 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 212 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Lamar Advertising during the 3rd quarter worth $33,000. Western Wealth Management LLC purchased a new position in Lamar Advertising during the 1st quarter worth $40,000. Finally, Larson Financial Group LLC increased its position in Lamar Advertising by 48.1% during the 4th quarter. Larson Financial Group LLC now owns 317 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 103 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the company. Morgan Stanley set a $170.00 price target on Lamar Advertising in a research note on Friday, August 7th. Wells Fargo & Company increased their price objective on shares of Lamar Advertising from $150.00 to $151.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. lifted their target price on shares of Lamar Advertising from $153.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. 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 research report on Friday, July 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a research note on Wednesday, August 19th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $160.17.
Lamar Advertising Stock Performance
NASDAQ LAMR opened at $150.76 on Monday. Lamar Advertising Company has a 1 year low of $114.45 and a 1 year high of $166.33. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $15.31 billion, a PE ratio of 27.51 and a beta of 1.17. The company has a fifty day moving average of $156.49 and a 200 day moving average of $146.01.
Lamar Advertising (NASDAQ:LAMR – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share for the quarter, hitting the consensus estimate of $1.58. The company had revenue of $616.75 million for 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%.Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. Research analysts forecast that Lamar Advertising Company will post 8.43 earnings per share for the current year.
Lamar Advertising Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a yield of 4.4%. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.60. The ex-dividend date of this dividend is Monday, September 21st. Lamar Advertising’s dividend payout ratio is 116.79%.
About Lamar Advertising
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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