Dimensional Fund Advisors LP Sells 16,805 Shares of Lamar Advertising Company $LAMR

Key Points

• Dimensional Fund Advisors LP reduced its shares in Lamar Advertising Company by 1.3%, selling 16,805 shares during the first quarter, and now owns approximately 1.27% of the company valued at $148.17 million.
• Analysts have mixed views on Lamar Advertising, with recent target price changes ranging from $119.00 to $135.00, reflecting varying ratings including "neutral" and "buy".
• Lamar Advertising reported $2.22 earnings per share for the quarter, exceeding estimates, with a revenue of $579.31 million, slightly below analyst predictions.

Dimensional Fund Advisors LP cut its holdings in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 1.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,302,292 shares of the real estate investment trust's stock after selling 16,805 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.27% of Lamar Advertising worth $148,170,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northern Trust Corp lifted its position in shares of Lamar Advertising by 50.5% during the fourth quarter. Northern Trust Corp now owns 1,278,397 shares of the real estate investment trust's stock worth $155,632,000 after purchasing an additional 428,744 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Lamar Advertising in the first quarter valued at approximately $40,699,000. Public Employees Retirement Association of Colorado raised its position in Lamar Advertising by 2,424.4% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 229,422 shares of the real estate investment trust's stock worth $27,930,000 after purchasing an additional 220,334 shares during the last quarter. Easterly Investment Partners LLC lifted its holdings in Lamar Advertising by 269.4% during the 1st quarter. Easterly Investment Partners LLC now owns 158,733 shares of the real estate investment trust's stock worth $18,061,000 after buying an additional 115,762 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in Lamar Advertising by 39.8% in the 4th quarter. Nuveen Asset Management LLC now owns 313,629 shares of the real estate investment trust's stock valued at $38,181,000 after buying an additional 89,236 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LAMR shares. JPMorgan Chase & Co. lowered their target price on Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating for the company in a research note on Monday, August 11th. Wells Fargo & Company lowered their price objective on Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating for the company in a research report on Monday, August 11th. Citigroup raised Lamar Advertising from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $114.00 to $135.00 in a report on Thursday, May 29th. Finally, Morgan Stanley upped their target price on shares of 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 investment 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 an average rating of "Hold" and an average target price of $134.20.

Lamar Advertising Stock Up 1.7%

Shares of Lamar Advertising stock opened at $122.61 on Thursday. The business has a fifty day simple moving average of $122.49 and a 200 day simple moving average of $119.16. The stock has a market cap of $12.41 billion, a PE ratio of 28.51 and a beta of 1.36. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.45. Lamar Advertising Company has a 12 month low of $99.84 and a 12 month high of $139.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.74. The firm had revenue of $579.31 million for the quarter, compared to analyst estimates 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. Research analysts predict that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Company Profile

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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