Kera Capital Partners Inc. Purchases New Stake in Lamar Advertising Company $LAMR

Key Points

• Kera Capital Partners Inc. has acquired a new stake in Lamar Advertising Company, buying 2,914 shares valued at approximately $354,000.
• Despite recent investments, Lamar Advertising's stock is currently down 0.9% and has a market capitalization of $12.92 billion.
• The company has declared a quarterly dividend of $1.55 per share, reflecting a dividend yield of 4.9% and a payout ratio of 144.19%.

Kera Capital Partners Inc. purchased a new stake in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,914 shares of the real estate investment trust's stock, valued at approximately $354,000.

Several other large investors have also recently modified their holdings of LAMR. Hamlin Capital Management LLC increased its position in shares of Lamar Advertising by 3.4% during the first quarter. Hamlin Capital Management LLC now owns 1,311,526 shares of the real estate investment trust's stock worth $149,225,000 after buying an additional 43,081 shares during the period. Northern Trust Corp grew its holdings in Lamar Advertising by 0.4% in the first quarter. Northern Trust Corp now owns 1,282,892 shares of the real estate investment trust's stock worth $145,967,000 after purchasing an additional 4,495 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Lamar Advertising by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,109,668 shares of the real estate investment trust's stock valued at $126,258,000 after buying an additional 7,426 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Lamar Advertising by 5.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 917,833 shares of the real estate investment trust's stock valued at $104,431,000 after buying an additional 50,004 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of Lamar Advertising by 4.3% in the first quarter. HighTower Advisors LLC now owns 674,089 shares of the real estate investment trust's stock valued at $76,698,000 after buying an additional 27,823 shares in the last quarter. Institutional investors own 93.78% of the company's stock.

Insider Activity

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $124.28, for a total value of $2,734,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 14.99% of the company's stock.

Analyst Upgrades and Downgrades

LAMR has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target 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. Wells Fargo & Company dropped their price target on shares of 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. Citigroup raised shares of Lamar Advertising from a "neutral" rating to a "buy" rating and raised their price target for the company from $114.00 to $135.00 in a research report on Thursday, May 29th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating on the stock in a research report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $134.20.

Lamar Advertising Price Performance

Lamar Advertising stock traded down $0.50 during mid-day trading on Friday, hitting $123.27. 188,798 shares of the company traded hands, compared to its average volume of 620,285. Lamar Advertising Company has a one year low of $99.84 and a one year high of $139.88. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 28.62 and a beta of 1.38. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a fifty day moving average price of $124.59 and a 200-day moving average price of $119.23.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.74. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. The business had revenue of $579.31 million during the quarter, compared to analyst estimates of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. On average, equities analysts predict that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a $1.55 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.0%. Lamar Advertising's dividend payout ratio is 144.19%.

Lamar Advertising 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.