Adelante Capital Management LLC Acquires Shares of 122,594 Lamar Advertising Company $LAMR

Adelante Capital Management LLC acquired a new stake in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 122,594 shares of the real estate investment trust's stock, valued at approximately $19,122,000. Lamar Advertising accounts for about 1.3% of Adelante Capital Management LLC's investment portfolio, making the stock its 24th biggest holding. Adelante Capital Management LLC owned approximately 0.12% of Lamar Advertising at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Tucker Asset Management LLC purchased a new stake in Lamar Advertising during the 4th quarter valued at $25,000. Elevation Wealth Partners LLC increased its position in shares of Lamar Advertising by 451.1% in the second quarter. Elevation Wealth Partners LLC now owns 259 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 212 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Lamar Advertising during the third quarter valued at about $33,000. Western Wealth Management LLC purchased a new stake in shares of Lamar Advertising during the first quarter worth about $40,000. Finally, Larson Financial Group LLC grew its stake in shares of Lamar Advertising by 48.1% in the fourth quarter. Larson Financial Group LLC now owns 317 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 93.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wells Fargo & Company upped their price target on Lamar Advertising from $150.00 to $151.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 12th. Morgan Stanley set a $170.00 price objective on Lamar Advertising in a research report on Friday, August 7th. TD Cowen boosted their target price on 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 restated a "buy (b)" rating on shares of Lamar Advertising in a report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. raised their price target on Lamar Advertising from $153.00 to $160.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Lamar Advertising has a consensus rating of "Hold" and a consensus target price of $160.17.

Lamar Advertising Stock Up 0.1%

LAMR stock opened at $151.98 on Thursday. Lamar Advertising Company has a fifty-two week low of $114.45 and a fifty-two week high of $166.33. The business's 50 day moving average price is $156.75 and its two-hundred day moving average price is $145.12. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $15.43 billion, a price-to-earnings ratio of 27.73 and a beta of 1.19.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 EPS for the quarter, meeting analysts' consensus estimates of $1.58. The company had revenue of $616.75 million during the quarter, compared to analysts' expectations 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. As a group, analysts forecast that Lamar Advertising Company will post 8.43 earnings per share for the current fiscal year.

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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