Janus Henderson Group PLC Has $350.24 Million Stock Holdings in Lamar Advertising Company $LAMR

Janus Henderson Group PLC trimmed its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 21.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,765,131 shares of the real estate investment trust’s stock after selling 774,515 shares during the quarter. Janus Henderson Group PLC’s holdings in Lamar Advertising were worth $350,240,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LAMR. Boston Partners increased its position in shares of Lamar Advertising by 2.0% during the third quarter. Boston Partners now owns 2,384,715 shares of the real estate investment trust’s stock worth $291,928,000 after acquiring an additional 46,361 shares in the last quarter. Geode Capital Management LLC boosted its stake in Lamar Advertising by 1.4% in the 4th 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 period. Wellington Management Group LLP increased its holdings in Lamar Advertising by 3.3% during the 4th quarter. Wellington Management Group LLP now owns 2,027,080 shares of the real estate investment trust’s stock worth $256,588,000 after purchasing an additional 64,824 shares in the last quarter. Northern Trust Corp increased its holdings in Lamar Advertising by 23.9% during the 3rd 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 in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Lamar Advertising by 7.6% in the 3rd quarter. AQR Capital Management LLC now owns 1,587,887 shares of the real estate investment trust’s stock valued at $193,166,000 after purchasing an additional 112,362 shares during the period. Institutional investors own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LAMR. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a research report on Friday, May 22nd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $153.00 target price on shares of Lamar Advertising in a research report on Wednesday, July 22nd. Morgan Stanley set a $145.00 target price on Lamar Advertising in a research note on Thursday, May 7th. TD Cowen upped their price target on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Finally, Wells Fargo & Company raised their price target on shares of Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $154.67.

Lamar Advertising Price Performance

Shares of NASDAQ LAMR opened at $160.65 on Friday. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.58 and a quick ratio of 0.58. The business has a 50-day moving average of $155.49 and a 200-day moving average of $141.72. The stock has a market capitalization of $16.30 billion, a price-to-earnings ratio of 29.64 and a beta of 1.19. Lamar Advertising Company has a fifty-two week low of $113.66 and a fifty-two week high of $166.33.

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

Lamar Advertising Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a dividend of $1.60 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $6.40 annualized dividend and a dividend yield of 4.0%. Lamar Advertising’s payout ratio is 118.08%.

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.