Hamlin Capital Management LLC trimmed its position in Lamar Advertising Company (NASDAQ:LAMR – Free Report) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,320,340 shares of the real estate investment trust’s stock after selling 19,873 shares during the quarter. Lamar Advertising makes up 4.6% of Hamlin Capital Management LLC’s holdings, making the stock its 5th largest position. Hamlin Capital Management LLC owned about 1.30% of Lamar Advertising worth $190,274,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of LAMR. Wellington Management Group LLP lifted its position in shares of Lamar Advertising by 1.3% in the second quarter. Wellington Management Group LLP now owns 2,125,742 shares of the real estate investment trust’s stock valued at $331,573,000 after buying an additional 27,100 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Lamar Advertising by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,307,093 shares of the real estate investment trust’s stock valued at $165,549,000 after acquiring an additional 11,586 shares during the period. Quantinno Capital Management LP raised its stake in Lamar Advertising by 49.7% in the 1st quarter. Quantinno Capital Management LP now owns 677,202 shares of the real estate investment trust’s stock valued at $85,774,000 after acquiring an additional 224,775 shares during the period. Miller Howard Investments Inc. NY lifted its holdings in Lamar Advertising by 48.5% during the 1st quarter. Miller Howard Investments Inc. NY now owns 468,026 shares of the real estate investment trust’s stock valued at $59,280,000 after purchasing an additional 152,833 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its position in Lamar Advertising by 27.1% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 351,328 shares of the real estate investment trust’s stock worth $44,471,000 after purchasing an additional 74,900 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
LAMR has been the topic of several research reports. Citigroup downgraded shares of Lamar Advertising from a “buy” rating to a “neutral” rating and upped their price objective for the company from $145.00 to $160.00 in a report on Friday, July 10th. Morgan Stanley set a $170.00 target price on shares of Lamar Advertising in a report on Friday, August 7th. JPMorgan Chase & Co. upped their price target on shares of Lamar Advertising from $153.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Wells Fargo & Company increased their price target on shares of Lamar Advertising from $150.00 to $151.00 and gave the company an “equal weight” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a research report on Wednesday, August 19th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $160.17.
Insider Buying and Selling at Lamar Advertising
In related news, Director Thomas Reifenheiser sold 8,099 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $149.03, for a total value of $1,206,993.97. Following the completion of the sale, the director directly owned 36,387 shares in the company, valued at approximately $5,422,754.61. The trade was a 18.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 15.24% of the company’s stock.
Lamar Advertising Stock Performance
LAMR stock traded up $1.96 during trading hours on Thursday, hitting $145.20. 327,081 shares of the stock were exchanged, compared to its average volume of 588,047. Lamar Advertising Company has a 12 month low of $114.45 and a 12 month high of $166.33. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.29. The firm has a market capitalization of $14.74 billion, a P/E ratio of 26.50 and a beta of 1.20. The company has a 50-day simple moving average of $150.47 and a two-hundred day simple moving average of $147.86.
Lamar Advertising (NASDAQ:LAMR – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 EPS for the quarter, meeting the consensus estimate of $1.58. Lamar Advertising had a net margin of 23.90% and a return on equity of 54.94%. The business had revenue of $616.75 million for the quarter, compared to the consensus estimate of $606.61 million. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. On average, analysts forecast that Lamar Advertising Company will post 8.4 earnings per share for the current fiscal year.
Lamar Advertising Increases Dividend
The firm also recently declared 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 was Monday, September 21st. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.60. This represents a $6.60 dividend on an annualized basis and a dividend yield of 4.5%. Lamar Advertising’s dividend payout ratio (DPR) is presently 120.44%.
About Lamar Advertising
Lamar Advertising Company is an outdoor advertising company headquartered in Baton Rouge, Louisiana. Through its network of advertising displays, the company helps businesses reach local, regional and national audiences across the United States and Canada.
Lamar’s primary products include traditional and digital billboards, roadside logo signs, transit advertising and displays at airports and other public venues. Its digital billboard network allows advertisers to update messages remotely, while traditional bulletin and poster displays provide longer-term visibility in high-traffic locations.
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