Militia Capital Management LLC Buys New Position in Lamar Advertising Company $LAMR

Militia Capital Management LLC purchased a new position in Lamar Advertising Company (NASDAQ:LAMR) in the first quarter, HoldingsChannel reports. The institutional investor purchased 22,100 shares of the real estate investment trust’s stock, valued at approximately $2,799,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Tucker Asset Management LLC purchased a new stake in shares of Lamar Advertising during the 4th quarter valued at $25,000. Sound Income Strategies LLC lifted its holdings in shares of Lamar Advertising by 151.0% during the 4th quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 151 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Lamar Advertising in the third quarter worth $33,000. Measured Wealth Private Client Group LLC purchased a new position in Lamar Advertising in the third quarter worth $39,000. Finally, Larson Financial Group LLC increased its stake in Lamar Advertising by 48.1% in the fourth quarter. Larson Financial Group LLC now owns 317 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Lamar Advertising Price Performance

LAMR stock opened at $159.96 on Monday. The firm has a market cap of $16.23 billion, a P/E ratio of 29.51 and a beta of 1.19. The firm’s fifty day moving average is $155.62 and its 200 day moving average is $141.93. Lamar Advertising Company has a 52 week low of $113.66 and a 52 week high of $166.33. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.58 and a current ratio of 0.58.

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

Lamar Advertising Announces Dividend

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

Analyst Upgrades and Downgrades

LAMR has been the subject of several research analyst reports. Citigroup lowered Lamar Advertising from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $145.00 to $160.00 in a research note on Friday, July 10th. Wells Fargo & Company increased their price objective on Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Morgan Stanley set a $145.00 price objective on Lamar Advertising in a report on Thursday, May 7th. TD Cowen boosted their target price 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, JPMorgan Chase & Co. restated a “neutral” rating and issued a $153.00 target price on shares of Lamar Advertising in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Lamar Advertising currently has an average rating of “Hold” and a consensus price target of $154.67.

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.