Pensionfund DSM Netherlands Acquires 6,300 Shares of Lamar Advertising Company $LAMR

Key Points

• Pensionfund DSM Netherlands increased its stake in Lamar Advertising Company by 76.8%, purchasing an additional 6,300 shares during the first quarter, bringing its total holdings to 14,500 shares valued at approximately $1,650,000.
• Lamar Advertising recently reported earnings per share of $2.22, exceeding analyst expectations of $1.48, and set its fiscal year 2025 guidance at 6.090-6.11 EPS.
• The company declared a quarterly dividend of $1.55 per share, yielding about 4.9%, with a payout ratio currently at 144.19%.

Pensionfund DSM Netherlands raised its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 76.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,500 shares of the real estate investment trust's stock after purchasing an additional 6,300 shares during the quarter. Pensionfund DSM Netherlands' holdings in Lamar Advertising were worth $1,650,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. SWS Partners raised its stake in Lamar Advertising by 0.6% in the first quarter. SWS Partners now owns 15,347 shares of the real estate investment trust's stock valued at $1,746,000 after purchasing an additional 85 shares in the last quarter. Bessemer Group Inc. raised its stake in Lamar Advertising by 33.9% in the first quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 94 shares in the last quarter. MAI Capital Management raised its stake in Lamar Advertising by 44.0% in the first quarter. MAI Capital Management now owns 360 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 110 shares in the last quarter. Gilbert & Cook Inc. grew its position in Lamar Advertising by 2.7% in the first quarter. Gilbert & Cook Inc. now owns 4,455 shares of the real estate investment trust's stock valued at $507,000 after acquiring an additional 117 shares during the last quarter. Finally, Tocqueville Asset Management L.P. grew its position in Lamar Advertising by 0.5% in the first quarter. Tocqueville Asset Management L.P. now owns 21,993 shares of the real estate investment trust's stock valued at $2,502,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their target price on Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating on the stock in a research report on Monday, August 11th. Citigroup upgraded 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 raised their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Finally, Wells Fargo & Company cut 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 research report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $134.20.

Insider Buying and Selling

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 stock was sold at an average price of $124.28, for a total transaction of $2,734,160.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 14.99% of the stock is owned by insiders.

Lamar Advertising Trading Down 0.7%

NASDAQ:LAMR traded down $0.83 during mid-day trading on Thursday, hitting $125.78. 166,794 shares of the company's stock were exchanged, compared to its average volume of 620,890. The company has a 50 day simple moving average of $124.59 and a 200-day simple moving average of $119.22. Lamar Advertising Company has a fifty-two week low of $99.84 and a fifty-two week high of $139.88. The firm has a market capitalization of $12.73 billion, a P/E ratio of 29.26 and a beta of 1.38. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.45.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its 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 return on equity of 41.85% and a net margin of 19.72%.The business had revenue of $579.31 million for the quarter, compared to analysts' expectations of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. As a group, research analysts expect that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Dividend Announcement

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

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.