Stephens Inc. AR Grows Stake in Lamar Advertising Company $LAMR

Stephens Inc. AR grew its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 34.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 41,006 shares of the real estate investment trust’s stock after purchasing an additional 10,420 shares during the quarter. Stephens Inc. AR’s holdings in Lamar Advertising were worth $5,020,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Lamar Advertising by 5.1% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,357 shares of the real estate investment trust’s stock valued at $2,349,000 after acquiring an additional 944 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Lamar Advertising by 31.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 45,951 shares of the real estate investment trust’s stock worth $5,625,000 after purchasing an additional 10,982 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Lamar Advertising by 0.8% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 97,106 shares of the real estate investment trust’s stock valued at $11,785,000 after purchasing an additional 733 shares in the last quarter. Meixler Investment Management Ltd. increased its stake in Lamar Advertising by 47.0% during the 2nd quarter. Meixler Investment Management Ltd. now owns 9,650 shares of the real estate investment trust’s stock valued at $1,171,000 after purchasing an additional 3,086 shares in the last quarter. Finally, Creative Planning lifted its stake in shares of Lamar Advertising by 22.0% during the second quarter. Creative Planning now owns 16,087 shares of the real estate investment trust’s stock worth $1,952,000 after buying an additional 2,905 shares during the period. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Price Performance

Shares of LAMR opened at $132.79 on Friday. The business’s 50-day moving average is $128.88 and its two-hundred day moving average is $125.02. The company has a market capitalization of $13.45 billion, a P/E ratio of 31.17 and a beta of 1.23. Lamar Advertising Company has a fifty-two week low of $99.84 and a fifty-two week high of $134.63. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.59 and a current ratio of 0.59.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Thursday, November 6th. The real estate investment trust reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.06. The firm had revenue of $585.54 million for the quarter, compared to the consensus estimate of $584.00 million. Lamar Advertising had a return on equity of 43.02% and a net margin of 19.27%. Research analysts predict that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, December 22nd. Lamar Advertising’s payout ratio is 145.54%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley set a $140.00 target price on Lamar Advertising in a research report on Tuesday, December 16th. JPMorgan Chase & Co. increased their price objective on Lamar Advertising from $122.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Lamar Advertising in a research note on Monday, December 29th. Finally, Citigroup upped their target price on Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $133.00.

About Lamar Advertising

Lamar Advertising Company (NASDAQ: LAMR) is one of North America’s largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.