Eisler Capital Management Ltd. bought a new stake in Lamar Advertising Company (NASDAQ:LAMR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 49,552 shares of the real estate investment trust's stock, valued at approximately $5,641,000.
Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in shares of Lamar Advertising in the first quarter valued at $28,000. HHM Wealth Advisors LLC raised its stake in shares of Lamar Advertising by 26,900.0% in the first quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 269 shares in the last quarter. ST Germain D J Co. Inc. raised its stake in shares of Lamar Advertising by 346.0% in the first quarter. ST Germain D J Co. Inc. now owns 281 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 218 shares in the last quarter. Truvestments Capital LLC grew its position in Lamar Advertising by 79.5% in the first quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 140 shares during the period. Finally, Bessemer Group Inc. grew its position in Lamar Advertising by 33.9% in the first quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 94 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 a number of analyst reports. JPMorgan Chase & Co. lowered their price target on Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating on the stock in a research report on Monday, August 11th. Citigroup upgraded Lamar Advertising from a "neutral" rating to a "buy" rating and upped their price target for the company from $114.00 to $135.00 in a research report on Thursday, May 29th. Wells Fargo & Company lowered their price target on Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating on the stock in a research report on Monday, August 11th. Finally, Morgan Stanley upped their price target on Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Two equities 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, the stock presently has a consensus rating of "Hold" and a consensus target price of $134.20.
Read Our Latest Analysis on LAMR
Insider Activity at Lamar Advertising
In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $124.28, for a total transaction of $2,734,160.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 14.99% of the company's stock.
Lamar Advertising Price Performance
Shares of LAMR stock traded up $1.12 during trading hours on Friday, hitting $127.25. 497,449 shares of the company's stock were exchanged, compared to its average volume of 807,395. The stock's 50-day moving average is $123.32 and its 200-day moving average is $119.09. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market cap of $12.88 billion, a price-to-earnings ratio of 29.59 and a beta of 1.36. Lamar Advertising Company has a 52 week low of $99.84 and a 52 week high of $139.88.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its earnings results on Friday, August 8th. The real estate investment trust reported $2.22 EPS for the quarter, topping the consensus estimate of $1.48 by $0.74. The company had revenue of $579.31 million for the quarter, compared to analysts' expectations of $580.72 million. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. As a group, research analysts forecast that Lamar Advertising Company will post 7.92 EPS for the current year.
Lamar Advertising Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Friday, September 19th. Lamar Advertising's dividend payout ratio is presently 144.19%.
About Lamar Advertising
(
Free Report)
Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.
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