GSA Capital Partners LLP increased its position in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 260.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,026 shares of the real estate investment trust's stock after purchasing an additional 7,245 shares during the period. GSA Capital Partners LLP's holdings in Lamar Advertising were worth $1,141,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of LAMR. LPL Financial LLC boosted its holdings in Lamar Advertising by 11.2% during the fourth quarter. LPL Financial LLC now owns 94,019 shares of the real estate investment trust's stock worth $11,446,000 after purchasing an additional 9,455 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Lamar Advertising by 9.8% in the 4th quarter. Blair William & Co. IL now owns 5,295 shares of the real estate investment trust's stock worth $645,000 after buying an additional 472 shares during the last quarter. Norges Bank purchased a new stake in shares of Lamar Advertising during the fourth quarter valued at approximately $57,255,000. Pictet Asset Management Holding SA boosted its position in Lamar Advertising by 9.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 12,042 shares of the real estate investment trust's stock worth $1,466,000 after purchasing an additional 1,087 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in Lamar Advertising by 3.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,907 shares of the real estate investment trust's stock worth $841,000 after purchasing an additional 226 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company's stock.
Lamar Advertising Price Performance
NASDAQ LAMR traded up $2.25 during trading hours on Monday, hitting $123.16. The company had a trading volume of 112,288 shares, compared to its average volume of 604,097. The firm has a 50 day simple moving average of $122.16 and a 200 day simple moving average of $119.54. Lamar Advertising Company has a 52 week low of $99.84 and a 52 week high of $139.88. The firm has a market capitalization of $12.61 billion, a price-to-earnings ratio of 29.90 and a beta of 1.36. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.57 and a current ratio of 0.57.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.06. The company had revenue of $505.43 million for the quarter, compared to the consensus estimate of $509.72 million. Lamar Advertising had a return on equity of 37.62% and a net margin of 19.08%. Equities research analysts expect that Lamar Advertising Company will post 7.92 earnings per share for the current year.
Lamar Advertising Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a dividend of $1.55 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $6.20 annualized dividend and a dividend yield of 5.0%. Lamar Advertising's payout ratio is 150.49%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on LAMR. Citigroup raised shares of Lamar Advertising from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $114.00 to $135.00 in a report on Thursday, May 29th. Morgan Stanley lifted their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $136.00.
Get Our Latest Analysis on Lamar Advertising
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.
Featured Stories

Before you consider Lamar Advertising, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lamar Advertising wasn't on the list.
While Lamar Advertising currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.