Tidal Investments LLC Increases Stake in Lamar Advertising Company $LAMR

Key Points

• Tidal Investments increased its Lamar Advertising stake by 83.7% in the second quarter, holding 17,536 shares valued at approximately $2.735 million. Institutional investors collectively own 93.78% of the company.
• Analyst sentiment remains cautious, with Lamar receiving an average “Hold” rating and a consensus price target of $160.17; shares recently opened at $147.82.
• Lamar raised its quarterly dividend from $1.60 to $1.65 per share, equivalent to $6.60 annually and a 4.5% yield. Its latest quarterly results matched EPS expectations at $1.58 while revenue exceeded forecasts.

Tidal Investments LLC grew its position in Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 83.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,536 shares of the real estate investment trust's stock after acquiring an additional 7,992 shares during the period. Tidal Investments LLC's holdings in Lamar Advertising were worth $2,735,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Wellington Management Group LLP raised its position in Lamar Advertising by 1.3% in the second quarter. Wellington Management Group LLP now owns 2,125,742 shares of the real estate investment trust's stock worth $331,573,000 after acquiring an additional 27,100 shares in the last quarter. Geode Capital Management LLC lifted its stake in Lamar Advertising by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 2,382,137 shares of the real estate investment trust's stock valued at $301,573,000 after buying an additional 32,542 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Lamar Advertising by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,307,093 shares of the real estate investment trust's stock worth $165,549,000 after acquiring an additional 11,586 shares during the last quarter. Norges Bank purchased a new stake in shares of Lamar Advertising in the fourth quarter valued at $104,705,000. Finally, HighTower Advisors LLC lifted its position in shares of Lamar Advertising by 3.8% in the fourth quarter. HighTower Advisors LLC now owns 771,959 shares of the real estate investment trust's stock valued at $97,715,000 after acquiring an additional 27,907 shares in the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on LAMR. Wells Fargo & Company lifted their price objective on Lamar Advertising from $150.00 to $151.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. upped their target price on shares of Lamar Advertising from $153.00 to $160.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Lamar Advertising in a research note on Wednesday, August 19th. Morgan Stanley set a $170.00 price objective on shares of Lamar Advertising in a research report on Friday, August 7th. Finally, Citigroup downgraded shares of Lamar Advertising from a "buy" rating to a "neutral" rating and upped their price objective for the company from $145.00 to $160.00 in a research note on Friday, July 10th. 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 MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $160.17.

Lamar Advertising Stock Down 1.3%

Shares of NASDAQ:LAMR opened at $147.82 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.29. The firm has a market cap of $15.01 billion, a price-to-earnings ratio of 26.97 and a beta of 1.17. The stock's 50-day moving average price is $155.33 and its two-hundred day moving average price is $146.78. Lamar Advertising Company has a 12-month low of $114.45 and a 12-month high of $166.33.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $1.58 EPS for the quarter, meeting analysts' consensus estimates of $1.58. The company had revenue of $616.75 million during the quarter, compared to the consensus estimate of $606.61 million. Lamar Advertising had a net margin of 23.90% and a return on equity of 54.94%. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. On average, research analysts forecast that Lamar Advertising Company will post 8.43 EPS for the current year.

Lamar Advertising Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a yield of 4.5%. This is a positive change from Lamar Advertising's previous quarterly dividend of $1.60. The ex-dividend date of this dividend is Monday, September 21st. Lamar Advertising's dividend payout ratio (DPR) is currently 116.79%.

Lamar Advertising Profile

Lamar Advertising Company is an outdoor advertising company that provides businesses and organizations with advertising displays across the United States. Its offerings include traditional and digital billboards, as well as advertising displays on buses, benches, shelters and other transit-related assets.

The company also provides advertising opportunities at airports and other specialty locations. Its digital display network enables advertisers to deliver changing messages and campaigns, while its traditional billboard inventory supports longer-term brand awareness and local advertising initiatives.

Founded in 1902, Lamar Advertising has grown from a regional sign and billboard business into one of North America's major out-of-home advertising providers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.