Pensionfund DSM Netherlands Purchases 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 grew its stake in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 76.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,500 shares of the real estate investment trust's stock after buying an additional 6,300 shares during the period. 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 made changes to their positions in the business. 1248 Management LLC purchased a new stake in Lamar Advertising in the 1st quarter valued at approximately $26,000. Golden State Wealth Management LLC purchased a new stake in Lamar Advertising in the first quarter valued at approximately $28,000. HHM Wealth Advisors LLC increased its stake in 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 worth $31,000 after acquiring an additional 269 shares during the last quarter. ST Germain D J Co. Inc. grew its stake in 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 worth $32,000 after buying an additional 218 shares during the period. Finally, Truvestments Capital LLC increased its holdings in Lamar Advertising by 79.5% in the 1st 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. Institutional investors and hedge funds own 93.78% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Morgan Stanley upped their target price on Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. 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 research report on Thursday, May 29th. JPMorgan Chase & Co. lowered their price objective on shares of Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating on the stock in a research note on Monday, August 11th. Finally, Wells Fargo & Company decreased 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. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Lamar Advertising has an average rating of "Hold" and a consensus target price of $134.20.

Insider Activity

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $124.28, for a total value of $2,734,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 14.99% of the company's stock.

Lamar Advertising Stock Down 1.1%

NASDAQ LAMR traded down $1.38 during trading on Tuesday, reaching $126.36. The company's stock had a trading volume of 941,665 shares, compared to its average volume of 624,532. 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 stock has a market capitalization of $12.79 billion, a PE ratio of 29.39 and a beta of 1.38. The business has a 50-day moving average price of $124.55 and a 200-day moving average price of $119.17. Lamar Advertising Company has a 1-year low of $99.84 and a 1-year high of $139.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $579.31 million during the quarter, compared to analyst estimates 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 forecast that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal 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 is Friday, September 19th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.9%. Lamar Advertising's dividend payout ratio (DPR) is currently 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.