Lamar Advertising Company $LAMR Shares Sold by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC lessened its stake in Lamar Advertising Company (NASDAQ:LAMR) by 9.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 82,005 shares of the real estate investment trust’s stock after selling 8,096 shares during the quarter. Lamar Advertising comprises approximately 1.6% of Gilman Hill Asset Management LLC’s investment portfolio, making the stock its 12th biggest position. Gilman Hill Asset Management LLC’s holdings in Lamar Advertising were worth $10,039,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LAMR. True Wealth Design LLC grew its position in shares of Lamar Advertising by 466.7% in the second quarter. True Wealth Design LLC now owns 204 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 168 shares during the period. 1248 Management LLC acquired a new position in shares of Lamar Advertising during the 1st quarter worth about $26,000. Ameritas Advisory Services LLC purchased a new position in Lamar Advertising in the 2nd quarter valued at about $28,000. Loomis Sayles & Co. L P acquired a new stake in Lamar Advertising in the 2nd quarter worth about $34,000. Finally, Truvestments Capital LLC increased its stake in Lamar Advertising by 79.5% during the 1st quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 140 shares in the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Price Performance

LAMR stock opened at $126.76 on Wednesday. Lamar Advertising Company has a 1 year low of $99.84 and a 1 year high of $134.63. The firm has a market capitalization of $12.84 billion, a PE ratio of 29.76 and a beta of 1.23. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.59 and a quick ratio of 0.59. The business has a 50 day simple moving average of $126.07 and a 200-day simple moving average of $124.23.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.06. Lamar Advertising had a return on equity of 43.02% and a net margin of 19.27%.The company had revenue of $585.54 million for the quarter, compared to analyst estimates of $584.00 million. Equities research analysts anticipate that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a yield of 4.9%. The ex-dividend date is Monday, December 22nd. Lamar Advertising’s dividend payout ratio (DPR) is presently 145.54%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LAMR shares. Citigroup increased their target price on Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Morgan Stanley set a $140.00 price target on Lamar Advertising in a research report on Tuesday, December 16th. JPMorgan Chase & Co. raised their price objective on Lamar Advertising from $122.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Lamar Advertising in a research note on Monday. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lamar Advertising currently has an average rating of “Hold” and a consensus target price of $133.00.

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.