128,554 Shares in Lamar Advertising Company $LAMR Purchased by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio purchased 128,554 Lamar Advertising shares worth approximately $20.1 million, while institutional investors collectively held 93.78% of the company.
• Lamar reported quarterly EPS of $1.58, in line with analyst estimates, while revenue of $616.75 million exceeded the $606.61 million consensus forecast. The company issued fiscal 2026 EPS guidance of $5.95–$5.99.
• Analyst sentiment remains mixed, with two Buy ratings and three Holds; the stock has an average rating of Hold and a consensus price target of $160.17, compared with a recent price of $150.38.

Public Employees Retirement System of Ohio bought a new stake in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 128,554 shares of the real estate investment trust's stock, valued at approximately $20,052,000. Public Employees Retirement System of Ohio owned 0.13% of Lamar Advertising at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of LAMR. Adelante Capital Management LLC purchased a new stake in shares of Lamar Advertising in the second quarter worth approximately $19,122,000. Globeflex Capital L P purchased a new position in Lamar Advertising during the 2nd quarter valued at $230,000. Compass Financial Management LLC bought a new position in Lamar Advertising in the 2nd quarter valued at $51,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Lamar Advertising in the second quarter worth $26,469,000. Finally, Handelsbanken Fonder AB increased its stake in Lamar Advertising by 18.2% in the second quarter. Handelsbanken Fonder AB now owns 27,981 shares of the real estate investment trust's stock worth $4,364,000 after purchasing an additional 4,300 shares during the period. Institutional investors own 93.78% of the company's stock.

Lamar Advertising Trading Down 0.1%

Shares of NASDAQ:LAMR opened at $150.38 on Friday. The company has a market capitalization of $15.27 billion, a PE ratio of 27.44 and a beta of 1.19. 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 Company has a 12-month low of $114.45 and a 12-month high of $166.33. The business's fifty day simple moving average is $156.78 and its 200-day simple moving average is $145.28.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share for the quarter, meeting analysts' consensus estimates of $1.58. Lamar Advertising had a return on equity of 54.94% and a net margin of 23.90%.The company 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. As a group, equities research analysts predict that Lamar Advertising Company will post 8.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LAMR shares. TD Cowen boosted their target price 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. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Lamar Advertising in a research note on Wednesday, August 19th. JPMorgan Chase & Co. lifted their price objective on shares of Lamar Advertising from $153.00 to $160.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Citigroup downgraded shares of Lamar Advertising from a "buy" rating to a "neutral" rating and upped their target price for the stock from $145.00 to $160.00 in a research note on Friday, July 10th. Finally, Morgan Stanley set a $170.00 price target 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. Based on data from MarketBeat.com, Lamar Advertising presently has an average rating of "Hold" and a consensus target price of $160.17.

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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