Arrowstreet Capital Limited Partnership Cuts Position in Lamar Advertising Company $LAMR

Key Points

• Arrowstreet Capital cut its Lamar Advertising stake by 72.9% in the first quarter, selling 24,490 shares and retaining 9,120 shares worth approximately $1.16 million. Institutional investors and hedge funds collectively own 93.78% of LAMR.
• Analyst sentiment remains mixed, with two Buy ratings and three Hold ratings. Lamar has a consensus rating of Hold and an average price target of $154.67, below its reported $160 share price.
• Lamar reported quarterly revenue of $616.75 million and EPS of $1.58, meeting earnings expectations while exceeding revenue estimates. The company also declared a quarterly dividend of $1.60, equivalent to a 4.0% annualized yield.

Arrowstreet Capital Limited Partnership lowered its stake in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 72.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,120 shares of the real estate investment trust's stock after selling 24,490 shares during the period. Arrowstreet Capital Limited Partnership's holdings in Lamar Advertising were worth $1,155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LAMR. Tucker Asset Management LLC acquired a new stake in Lamar Advertising in the 4th quarter valued at about $25,000. Sound Income Strategies LLC lifted its holdings in shares of Lamar Advertising by 151.0% in the fourth quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 151 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Lamar Advertising in the third quarter valued at about $33,000. Larson Financial Group LLC grew its position 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 valued at $40,000 after purchasing an additional 103 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Lamar Advertising in the third quarter valued at approximately $39,000. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LAMR has been the topic of a number of analyst reports. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $153.00 target price on shares of Lamar Advertising in a report on Wednesday, July 22nd. Weiss Ratings reissued a "buy (b)" rating on shares of Lamar Advertising in a report on Friday, May 22nd. Morgan Stanley set a $145.00 price objective on Lamar Advertising in a research report on Thursday, May 7th. Wells Fargo & Company increased their price objective on Lamar Advertising from $136.00 to $150.00 and gave the company an "equal weight" rating in a research note on Friday, May 8th. Finally, TD Cowen lifted their price objective on Lamar Advertising from $150.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, May 14th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $154.67.

Lamar Advertising Price Performance

Shares of Lamar Advertising stock opened at $160.00 on Friday. The business's fifty day moving average price is $156.09 and its 200 day moving average price is $142.70. Lamar Advertising Company has a twelve month low of $113.66 and a twelve month high of $166.33. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.33. The stock has a market capitalization of $16.24 billion, a P/E ratio of 29.52 and a beta of 1.19.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted 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 24.01% and a return on equity of 55.53%. The firm had revenue of $616.75 million for the quarter, compared to analyst estimates of $606.61 million. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. As a group, research analysts anticipate that Lamar Advertising Company will post 8.41 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Lamar Advertising's dividend payout ratio is presently 118.08%.

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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