Naples Global Advisors LLC Lowers Position in Lamar Advertising Company $LAMR

Naples Global Advisors LLC trimmed its stake in Lamar Advertising Company (NASDAQ:LAMR) by 1.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,920 shares of the real estate investment trust’s stock after selling 100 shares during the quarter. Naples Global Advisors LLC’s holdings in Lamar Advertising were worth $961,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. 1248 Management LLC acquired a new position in Lamar Advertising during the first quarter valued at approximately $26,000. Golden State Wealth Management LLC acquired a new position in Lamar Advertising during the first quarter valued at approximately $28,000. HHM Wealth Advisors LLC lifted its position 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 valued at $31,000 after buying an additional 269 shares in the last quarter. ST Germain D J Co. Inc. lifted its position 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 valued at $32,000 after buying an additional 218 shares in the last quarter. Finally, Truvestments Capital LLC lifted its position in Lamar Advertising by 79.5% during the first quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 140 shares in the last quarter. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating on the stock in a research report on Monday, August 11th. Morgan Stanley lifted their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. Finally, Wells Fargo & Company reduced 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 research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $134.20.

Lamar Advertising Trading Down 0.2%

NASDAQ LAMR opened at $122.03 on Friday. The company’s fifty day simple moving average is $124.07 and its 200-day simple moving average is $119.51. Lamar Advertising Company has a 52 week low of $99.84 and a 52 week high of $139.88. 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 cap of $12.35 billion, a P/E ratio of 28.38 and a beta of 1.38.

Lamar Advertising (NASDAQ:LAMR) last posted its earnings results on Friday, August 8th. The real estate investment trust reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.74. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. 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. Equities research analysts predict that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were issued a $1.55 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a $6.20 annualized dividend and a yield of 5.1%. Lamar Advertising’s dividend payout ratio is currently 144.19%.

Insider Transactions at Lamar Advertising

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $124.28, for a total value of $2,734,160.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 14.99% of the stock is owned by corporate insiders.

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.