SG Americas Securities LLC Boosts Stake in Lamar Advertising Company $LAMR

SG Americas Securities LLC raised its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 274.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,777 shares of the real estate investment trust’s stock after acquiring an additional 13,031 shares during the period. SG Americas Securities LLC’s holdings in Lamar Advertising were worth $2,176,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of LAMR. True Wealth Design LLC increased 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 worth $25,000 after purchasing an additional 168 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in Lamar Advertising in the 3rd quarter worth approximately $27,000. Ameritas Advisory Services LLC bought a new position in shares of Lamar Advertising in the 2nd quarter worth $28,000. Loomis Sayles & Co. L P bought a new position in shares of Lamar Advertising in the 2nd quarter worth $34,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Lamar Advertising by 55.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 356 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 127 shares in the last quarter. Institutional investors own 93.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on LAMR shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lamar Advertising in a research report on Monday, December 29th. Morgan Stanley set a $140.00 price target on Lamar Advertising in a research note on Tuesday, December 16th. JPMorgan Chase & Co. increased their price objective on Lamar Advertising from $122.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Finally, Citigroup boosted their target price on Lamar Advertising from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $133.00.

Lamar Advertising Stock Performance

NASDAQ LAMR opened at $130.78 on Thursday. The company has a 50-day simple moving average of $128.62 and a two-hundred day simple moving average of $124.96. Lamar Advertising Company has a 12-month low of $99.84 and a 12-month high of $134.63. The firm has a market cap of $13.25 billion, a price-to-earnings ratio of 30.70 and a beta of 1.23. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.04.

Lamar Advertising (NASDAQ:LAMR) last released its earnings results on Thursday, November 6th. The real estate investment trust reported $2.20 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $584.00 million. On average, equities analysts forecast that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a $1.55 dividend. The ex-dividend date was Monday, December 22nd. This represents a $6.20 annualized dividend and a dividend yield of 4.7%. Lamar Advertising’s dividend payout ratio (DPR) is currently 145.54%.

Lamar Advertising Company 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.