Centersquare Investment Management LLC Sells 76,960 Shares of Lamar Advertising Company $LAMR

Centersquare Investment Management LLC decreased its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 26.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 212,044 shares of the real estate investment trust’s stock after selling 76,960 shares during the quarter. Centersquare Investment Management LLC’s holdings in Lamar Advertising were worth $26,841,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Boston Partners grew its stake in shares of Lamar Advertising by 2.0% in the third quarter. Boston Partners now owns 2,384,715 shares of the real estate investment trust’s stock worth $291,928,000 after purchasing an additional 46,361 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Lamar Advertising by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 2,382,137 shares of the real estate investment trust’s stock worth $301,573,000 after purchasing an additional 32,542 shares during the last quarter. Northern Trust Corp grew its stake in shares of Lamar Advertising by 23.9% in the third quarter. Northern Trust Corp now owns 1,629,554 shares of the real estate investment trust’s stock worth $199,490,000 after purchasing an additional 314,235 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Lamar Advertising by 7.6% in the third quarter. AQR Capital Management LLC now owns 1,587,887 shares of the real estate investment trust’s stock worth $193,166,000 after purchasing an additional 112,362 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Lamar Advertising by 13.8% in the third quarter. Daiwa Securities Group Inc. now owns 1,478,299 shares of the real estate investment trust’s stock worth $180,973,000 after purchasing an additional 178,880 shares during the last quarter. Institutional investors own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. TD Cowen boosted their price objective on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Morgan Stanley set a $145.00 price objective on shares of Lamar Advertising in a research note on Thursday, May 7th. Wells Fargo & Company upped their price target on shares of Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. UBS Group set a $150.00 price target on shares of Lamar Advertising in a research report on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a research report on Friday, May 22nd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lamar Advertising currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Lamar Advertising Stock Performance

Shares of LAMR opened at $152.36 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.33. The stock has a market capitalization of $15.46 billion, a P/E ratio of 28.11 and a beta of 1.20. The firm’s fifty day simple moving average is $142.52 and its two-hundred day simple moving average is $134.77. Lamar Advertising Company has a 12 month low of $113.66 and a 12 month high of $158.69.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. The business had revenue of $528.00 million for the quarter, compared to analysts’ expectations of $522.86 million. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. As a group, analysts predict that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Lamar Advertising’s dividend payout ratio is 118.08%.

Insider Activity

In other news, EVP Ross Lamar Reilly sold 5,969 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $128.65, for a total transaction of $767,911.85. Following the transaction, the executive vice president owned 15,850 shares of the company’s stock, valued at $2,039,102.50. This represents a 27.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 15.24% of the stock is owned by company insiders.

Lamar Advertising Profile

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.