Caprock Group LLC Takes Position in Lamar Advertising Company $LAMR

Caprock Group LLC purchased a new position in shares of Lamar Advertising Company (NASDAQ:LAMR) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 8,014 shares of the real estate investment trust’s stock, valued at approximately $1,020,000.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Lamar Advertising by 27.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,344,637 shares of the real estate investment trust’s stock worth $284,577,000 after purchasing an additional 510,025 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Lamar Advertising by 123.8% in the second quarter. AQR Capital Management LLC now owns 1,475,525 shares of the real estate investment trust’s stock valued at $177,152,000 after buying an additional 816,217 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Lamar Advertising by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 1,299,419 shares of the real estate investment trust’s stock worth $157,697,000 after buying an additional 5,080 shares in the last quarter. Berkshire Hathaway Inc acquired a new position in Lamar Advertising during the second quarter worth about $141,931,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Lamar Advertising by 4.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,162,468 shares of the real estate investment trust’s stock worth $141,077,000 after buying an additional 52,800 shares during the last quarter. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Lamar Advertising Price Performance

LAMR opened at $131.79 on Monday. The stock’s 50-day moving average price is $128.99 and its 200 day moving average price is $125.90. Lamar Advertising Company has a 12-month low of $99.84 and a 12-month high of $136.69. The firm has a market cap of $13.35 billion, a price-to-earnings ratio of 30.94 and a beta of 1.23. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.04.

Lamar Advertising Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LAMR. Weiss Ratings reissued a “hold (c+)” rating on shares of Lamar Advertising in a report on Monday, December 29th. JPMorgan Chase & Co. raised their price target on shares of Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Morgan Stanley set a $140.00 price target on shares of Lamar Advertising in a research report on Tuesday, December 16th. Finally, Citigroup increased their price objective 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 equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $133.00.

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.