Kera Capital Partners Inc. Purchases New Holdings 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 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 purchased 2,914 shares of the real estate investment trust's stock, valued at approximately $354,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LAMR. 1248 Management LLC purchased a new position in Lamar Advertising in the first quarter valued at about $26,000. Golden State Wealth Management LLC purchased a new position in Lamar Advertising in the first quarter valued at about $28,000. HHM Wealth Advisors LLC boosted its holdings in Lamar Advertising by 26,900.0% in the first quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 269 shares during the last quarter. ST Germain D J Co. Inc. boosted its holdings in Lamar Advertising by 346.0% in the first quarter. ST Germain D J Co. Inc. now owns 281 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 218 shares during the last quarter. Finally, Truvestments Capital LLC boosted its holdings in Lamar Advertising by 79.5% in the first quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company's stock.

Lamar Advertising Stock Down 0.9%

Shares of Lamar Advertising stock opened at $127.60 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.45. The business's 50 day simple moving average is $124.38 and its 200-day simple moving average is $119.12. The stock has a market capitalization of $12.92 billion, a price-to-earnings ratio of 29.67 and a beta of 1.38. Lamar Advertising Company has a twelve month low of $99.84 and a twelve month high of $139.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.48 by $0.74. The business had revenue of $579.31 million for the quarter, compared to analysts' expectations 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. Equities research analysts forecast that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Friday, September 19th. Lamar Advertising's dividend payout ratio is presently 144.19%.

Analyst Ratings Changes

A number of brokerages recently commented on LAMR. Morgan Stanley increased their price target on Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. JPMorgan Chase & Co. reduced their target price on Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating on the stock in a report on Monday, August 11th. Citigroup raised Lamar Advertising from a "neutral" rating to a "buy" rating and increased their target price for the stock from $114.00 to $135.00 in a report on Thursday, May 29th. Finally, Wells Fargo & Company reduced their target price on Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating on the stock in a report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $134.20.

Insider Buying and Selling at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $124.28, for a total transaction of $2,734,160.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 14.99% of the company's stock.

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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