UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) by 15.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 272,633 shares of the real estate investment trust's stock after acquiring an additional 37,366 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.27% of Lamar Advertising worth $33,190,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. FMR LLC raised its stake in Lamar Advertising by 11.0% during the 4th quarter. FMR LLC now owns 5,527,270 shares of the real estate investment trust's stock worth $672,890,000 after buying an additional 545,606 shares during the period. Cohen & Steers Inc. raised its stake in shares of Lamar Advertising by 453.6% in the 4th quarter. Cohen & Steers Inc. now owns 2,660,664 shares of the real estate investment trust's stock valued at $323,900,000 after purchasing an additional 2,180,011 shares during the period. Boston Partners raised its stake in shares of Lamar Advertising by 6.7% in the 4th quarter. Boston Partners now owns 2,423,981 shares of the real estate investment trust's stock valued at $295,122,000 after purchasing an additional 152,575 shares during the period. Geode Capital Management LLC raised its stake in shares of Lamar Advertising by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 2,114,001 shares of the real estate investment trust's stock valued at $257,414,000 after purchasing an additional 59,039 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Lamar Advertising by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,497,702 shares of the real estate investment trust's stock valued at $200,093,000 after acquiring an additional 90,933 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors.
Lamar Advertising Price Performance
LAMR traded up $0.73 during trading on Friday, hitting $120.41. 878,191 shares of the stock traded hands, compared to its average volume of 517,244. Lamar Advertising has a twelve month low of $99.84 and a twelve month high of $139.88. The company has a market cap of $12.33 billion, a price-to-earnings ratio of 34.11 and a beta of 1.38. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56. The business has a 50 day moving average price of $113.45 and a 200 day moving average price of $120.75.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its earnings results on Thursday, May 8th. The real estate investment trust reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.06. The firm had revenue of $505.43 million for the quarter, compared to analysts' expectations of $509.72 million. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. Equities research analysts forecast that Lamar Advertising will post 7.92 earnings per share for the current fiscal year.
Lamar Advertising Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $1.55 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.15%. Lamar Advertising's payout ratio is presently 150.49%.
Analyst Upgrades and Downgrades
LAMR has been the subject of several analyst reports. Morgan Stanley decreased their price objective on Lamar Advertising from $135.00 to $125.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Citigroup upgraded Lamar Advertising from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $114.00 to $135.00 in a report on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Lamar Advertising currently has a consensus rating of "Hold" and a consensus price target of $134.00.
Get Our Latest Stock Report on Lamar Advertising
About Lamar Advertising
(
Free Report)
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.
See Also
Before you consider Lamar Advertising, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lamar Advertising wasn't on the list.
While Lamar Advertising currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
