Park Avenue Securities LLC Sells 3,270 Shares of Lamar Advertising Company $LAMR

Park Avenue Securities LLC reduced its stake in Lamar Advertising Company (NASDAQ:LAMR) by 56.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,496 shares of the real estate investment trust’s stock after selling 3,270 shares during the quarter. Park Avenue Securities LLC’s holdings in Lamar Advertising were worth $360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in LAMR. Viewpoint Investment Partners Corp grew its stake in shares of Lamar Advertising by 19.2% in the third quarter. Viewpoint Investment Partners Corp now owns 3,100 shares of the real estate investment trust’s stock worth $447,000 after acquiring an additional 500 shares during the last quarter. Hedeker Wealth LLC increased its holdings in shares of Lamar Advertising by 0.6% during the third quarter. Hedeker Wealth LLC now owns 18,238 shares of the real estate investment trust’s stock valued at $2,628,000 after acquiring an additional 101 shares in the last quarter. Provident Investment Management Inc. increased its holdings in shares of Lamar Advertising by 2.3% during the third quarter. Provident Investment Management Inc. now owns 6,230 shares of the real estate investment trust’s stock valued at $898,000 after acquiring an additional 140 shares in the last quarter. MBL Wealth LLC purchased a new position in shares of Lamar Advertising in the 3rd quarter worth about $380,000. Finally, Royal Fund Management LLC raised its position in shares of Lamar Advertising by 3.0% in the 3rd quarter. Royal Fund Management LLC now owns 47,703 shares of the real estate investment trust’s stock worth $6,874,000 after purchasing an additional 1,394 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Insider Activity

In other news, Director Thomas Reifenheiser sold 8,099 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $149.03, for a total value of $1,206,993.97. Following the transaction, the director directly owned 36,387 shares in the company, valued at $5,422,754.61. This trade represents a 18.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 15.24% of the stock is currently owned by company insiders.

Trending Headlines about Lamar Advertising

Here are the key news stories impacting Lamar Advertising this week:

• Positive Sentiment: Q3 funds from operations beat estimates. FFO was $2.41 per share, above the $2.36 consensus and up from $2.20 a year earlier. Revenue reached $624.5 million, slightly topping estimates, while adjusted EBITDA was $306.9 million. Zacks article: Lamar beats Q3 FFO and revenue estimates
• Positive Sentiment: Management raised its full-year AFFO outlook. The company’s 2026 AFFO guidance increased to $8.97 per share. An outside analysis also highlighted 9.5% year-over-year AFFO growth and resilient local advertising demand as supportive factors. Lamar raises 2026 AFFO outlook
• Neutral Sentiment: Wells Fargo raised its price target from $156 to $158 but maintained an “equal weight” rating. The new target suggests limited upside from the reported $155.98 price, tempering the otherwise favorable earnings and guidance news. Wells Fargo recommendations

Lamar Advertising Stock Down 0.8%

Shares of Lamar Advertising stock opened at $155.99 on Friday. The company has a market cap of $15.84 billion, a price-to-earnings ratio of 27.51 and a beta of 1.23. The company’s 50 day moving average is $149.76 and its 200 day moving average is $145.35. Lamar Advertising Company has a twelve month low of $120.54 and a twelve month high of $166.33. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.29.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.58. The company had revenue of $616.75 million for the quarter, compared to analysts’ expectations of $606.61 million. Lamar Advertising had a net margin of 24.36% and a return on equity of 57.57%. Research analysts anticipate that Lamar Advertising Company will post 8.40 EPS for the current year.

Lamar Advertising Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were issued a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, September 21st. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.60. Lamar Advertising’s payout ratio is currently 120.44%.

Analyst Ratings Changes

LAMR has been the topic of a number of analyst reports. Wells Fargo & Company upped their price target on shares of Lamar Advertising from $156.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Friday. Morgan Stanley set a $170.00 price objective on shares of Lamar Advertising in a research report on Friday, August 7th. Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a research note on Wednesday, August 19th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Lamar Advertising from $153.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Lamar Advertising currently has a consensus rating of “Hold” and an average target price of $161.33.

About Lamar Advertising

Lamar Advertising Company is an out-of-home advertising company that provides businesses and organizations with ways to reach audiences beyond traditional media. Its offerings include billboard advertising, highway logo signs that direct travelers to nearby businesses and services, and transit advertising on vehicles and in transit-related locations.

The company traces its origins to 1902 and is headquartered in Baton Rouge, Louisiana. It serves advertisers across the United States and Canada, with local operations supporting campaigns in markets throughout its service area.

Lamar is led by Chief Executive Officer Sean Reilly.