Concurrent Investment Advisors LLC Has $1.08 Million Position in Lamar Advertising Company $LAMR

Concurrent Investment Advisors LLC lifted its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 242.4% during the second quarter, HoldingsChannel reports. The firm owned 6,930 shares of the real estate investment trust’s stock after purchasing an additional 4,906 shares during the period. Concurrent Investment Advisors LLC’s holdings in Lamar Advertising were worth $1,081,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Tucker Asset Management LLC bought a new position in Lamar Advertising during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new stake in Lamar Advertising in the 3rd quarter valued at $33,000. Measured Wealth Private Client Group LLC acquired a new stake in Lamar Advertising in the 3rd quarter worth $39,000. Larson Financial Group LLC grew its position in Lamar Advertising by 48.1% in the 4th quarter. Larson Financial Group LLC now owns 317 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 103 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Lamar Advertising by 451.1% during the 2nd quarter. Elevation Wealth Partners LLC now owns 259 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 212 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Trading Down 0.8%

Shares of LAMR stock opened at $147.70 on Friday. The firm has a fifty day moving average of $155.91 and a 200-day moving average of $146.46. The stock has a market cap of $15.00 billion, a price-to-earnings ratio of 26.95 and a beta of 1.17. Lamar Advertising Company has a 52-week low of $114.45 and a 52-week high of $166.33. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.63 and a current ratio of 0.63.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share for the quarter, meeting the consensus estimate of $1.58. The business had revenue of $616.75 million for the quarter, compared to analyst estimates of $606.61 million. Lamar Advertising had a net margin of 23.90% and a return on equity of 54.94%. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. On average, equities research analysts forecast that Lamar Advertising Company will post 8.43 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a dividend of $1.65 per share. The ex-dividend date of this dividend is Monday, September 21st. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.60. This represents a $6.60 dividend on an annualized basis and a yield of 4.5%. Lamar Advertising’s dividend payout ratio (DPR) is presently 116.79%.

Analysts Set New Price Targets

LAMR has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of Lamar Advertising from $150.00 to $151.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. lifted their target price on Lamar Advertising from $153.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Citigroup lowered Lamar Advertising from a “buy” rating to a “neutral” rating and boosted their price target for the company from $145.00 to $160.00 in a research note on Friday, July 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a research report on Wednesday, August 19th. Finally, TD Cowen raised their price objective on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $160.17.

Lamar Advertising Profile

Lamar Advertising Company is an outdoor advertising company that provides businesses and organizations with advertising displays across the United States. Its offerings include traditional and digital billboards, as well as advertising displays on buses, benches, shelters and other transit-related assets.

The company also provides advertising opportunities at airports and other specialty locations. Its digital display network enables advertisers to deliver changing messages and campaigns, while its traditional billboard inventory supports longer-term brand awareness and local advertising initiatives.

Founded in 1902, Lamar Advertising has grown from a regional sign and billboard business into one of North America’s major out-of-home advertising providers.