Lamar Advertising Company $LAMR Shares Acquired by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC increased its holdings in Lamar Advertising by 12.2% during the 1st quarter, bringing their total to 39,569 shares worth approximately $4.5 million.
• Lamar Advertising reported an EPS of $2.22 for the last quarter, exceeding analysts' estimates of $1.48, with revenue of $579.31 million.
• The company announced a quarterly dividend of $1.55, which will be paid on September 30th, reflecting an annualized yield of 4.8% and a high payout ratio of 144.19%.

NewEdge Advisors LLC boosted its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 12.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,569 shares of the real estate investment trust's stock after acquiring an additional 4,311 shares during the period. NewEdge Advisors LLC's holdings in Lamar Advertising were worth $4,502,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LAMR. 1248 Management LLC acquired a new stake in shares of Lamar Advertising in the first quarter valued at approximately $26,000. Golden State Wealth Management LLC acquired a new stake in shares of Lamar Advertising in the first quarter valued at approximately $28,000. HHM Wealth Advisors LLC grew its position in shares of 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. grew its position in shares of 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 grew its position in shares of 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. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Trading Down 0.9%

NASDAQ LAMR traded down $1.22 during mid-day trading on Friday, hitting $127.60. The company's stock had a trading volume of 298,898 shares, compared to its average volume of 623,712. Lamar Advertising Company has a 52-week low of $99.84 and a 52-week high of $139.88. The stock's fifty day simple moving average is $124.31 and its two-hundred day simple moving average is $119.13. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market capitalization of $12.92 billion, a P/E ratio of 29.67 and a beta of 1.38.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The real estate investment trust reported $2.22 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 firm had revenue of $579.31 million for the quarter, compared to analyst estimates of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. Research analysts expect that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be given a $1.55 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $6.20 annualized dividend and a yield of 4.9%. Lamar Advertising's dividend payout ratio (DPR) is 144.19%.

Insider Transactions at Lamar Advertising

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.99% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.