Osterweis Capital Management Inc. Purchases 3,623 Shares of Lamar Advertising Company $LAMR

Key Points

• Osterweis Capital Management Inc. increased its stake in Lamar Advertising by 1.8%, purchasing an additional 3,623 shares, bringing total ownership to 204,677 shares valued at approximately $23.3 million.
• Several other institutional investors, including HHM Wealth Advisors LLC and ST Germain D J Co. Inc., significantly increased their positions in Lamar Advertising in the first quarter, resulting in 93.78% of the stock being held by institutional investors.
• Lamar Advertising announced a quarterly dividend of $1.55 per share, which will be paid on September 30, representing a 4.8% dividend yield with a payout ratio of 144.19%.

Osterweis Capital Management Inc. lifted its position in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 204,677 shares of the real estate investment trust's stock after purchasing an additional 3,623 shares during the period. Osterweis Capital Management Inc. owned 0.20% of Lamar Advertising worth $23,288,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. 1248 Management LLC bought a new position in shares of Lamar Advertising during the first quarter valued at about $26,000. Golden State Wealth Management LLC bought a new position in shares of Lamar Advertising during the first quarter valued at about $28,000. HHM Wealth Advisors LLC lifted its position in shares of Lamar Advertising by 26,900.0% during 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 in the last quarter. ST Germain D J Co. Inc. lifted its position in shares of Lamar Advertising by 346.0% during 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 in the last quarter. Finally, Truvestments Capital LLC lifted its position in shares of Lamar Advertising by 79.5% during 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 in the last quarter. 93.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LAMR. 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. JPMorgan Chase & Co. decreased their price objective on shares of Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating for the company in a report on Monday, August 11th. Wells Fargo & Company decreased their price objective on shares of Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating for the company in a report on Monday, August 11th. Finally, Morgan Stanley raised their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Lamar Advertising has an average rating of "Hold" and a consensus target price of $134.20.

Lamar Advertising Stock Performance

NASDAQ LAMR opened at $128.82 on Friday. Lamar Advertising Company has a 52-week low of $99.84 and a 52-week high of $139.88. The company has a 50-day simple moving average of $124.31 and a 200 day simple moving average of $119.13. 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 company has a market capitalization of $13.04 billion, a PE ratio of 29.96 and a beta of 1.38.

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

Lamar Advertising Announces Dividend

The firm also recently announced 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 is Friday, September 19th. This represents a $6.20 annualized dividend and a dividend yield of 4.8%. Lamar Advertising's dividend payout ratio (DPR) is presently 144.19%.

Insider Buying and Selling at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $124.28, for a total value of $2,734,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 14.99% of the stock is owned by insiders.

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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