Public Employees Retirement Association of Colorado lifted its position in Lamar Advertising (NASDAQ:LAMR - Free Report) by 2,424.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 229,422 shares of the real estate investment trust's stock after acquiring an additional 220,334 shares during the period. Public Employees Retirement Association of Colorado owned 0.22% of Lamar Advertising worth $27,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LAMR. Carmel Capital Partners LLC raised its holdings in shares of Lamar Advertising by 2.0% during the fourth quarter. Carmel Capital Partners LLC now owns 4,060 shares of the real estate investment trust's stock worth $494,000 after purchasing an additional 81 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Lamar Advertising by 1.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,121 shares of the real estate investment trust's stock valued at $867,000 after buying an additional 81 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Lamar Advertising by 0.4% in the fourth quarter. Sanctuary Advisors LLC now owns 19,259 shares of the real estate investment trust's stock worth $2,442,000 after buying an additional 82 shares during the last quarter. Avior Wealth Management LLC grew its holdings in Lamar Advertising by 16.8% during the fourth quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust's stock worth $71,000 after acquiring an additional 84 shares during the period. Finally, UMB Bank n.a. raised its position in Lamar Advertising by 14.7% during the fourth quarter. UMB Bank n.a. now owns 701 shares of the real estate investment trust's stock valued at $85,000 after acquiring an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently commented on LAMR. Citigroup raised their price objective on shares of Lamar Advertising from $121.76 to $128.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. cut their price objective on shares of Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Finally, Morgan Stanley decreased their price objective on shares of Lamar Advertising from $135.00 to $125.00 and set an "equal weight" rating for the company in a research report on Thursday. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Lamar Advertising has an average rating of "Hold" and a consensus target price of $132.60.
Check Out Our Latest Analysis on Lamar Advertising
Lamar Advertising Price Performance
NASDAQ:LAMR traded up $2.19 during trading hours on Friday, reaching $116.19. 504,168 shares of the company were exchanged, compared to its average volume of 653,292. The stock's 50-day moving average is $113.85 and its 200-day moving average is $123.16. Lamar Advertising has a twelve month low of $99.84 and a twelve month high of $139.88. The firm has a market cap of $11.90 billion, a PE ratio of 32.91 and a beta of 1.34. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.74. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. The firm had revenue of $579.57 million for the quarter, compared to analyst estimates of $583.19 million. On average, sell-side analysts anticipate that Lamar Advertising will post 7.92 earnings per share for the current fiscal year.
Lamar Advertising Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $1.55 dividend. This is an increase from Lamar Advertising's previous quarterly dividend of $1.40. This represents a $6.20 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend was Friday, March 14th. Lamar Advertising's dividend payout ratio is currently 175.64%.
Lamar Advertising Profile
(
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.
Featured Articles
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
MarketBeat's analysts have just released their top five short plays for May 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
