First National Bank of Omaha Makes New $4.07 Million Investment in Lamar Advertising Company $LAMR

First National Bank of Omaha acquired a new stake in shares of Lamar Advertising Company (NASDAQ:LAMR) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 33,229 shares of the real estate investment trust’s stock, valued at approximately $4,068,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LAMR. Sivia Capital Partners LLC acquired a new position in Lamar Advertising during the second quarter valued at $510,000. Concurrent Investment Advisors LLC raised its stake in shares of Lamar Advertising by 15.8% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 2,060 shares of the real estate investment trust’s stock valued at $250,000 after buying an additional 281 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Lamar Advertising by 47.4% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 2,848 shares of the real estate investment trust’s stock valued at $346,000 after buying an additional 916 shares during the period. Chicago Partners Investment Group LLC purchased a new stake in shares of Lamar Advertising in the second quarter worth about $460,000. Finally, Stephens Inc. AR grew its holdings in Lamar Advertising by 9.9% during the second quarter. Stephens Inc. AR now owns 30,586 shares of the real estate investment trust’s stock worth $3,712,000 after acquiring an additional 2,744 shares during the period. Institutional investors and hedge funds own 93.78% of the company’s stock.

Analysts Set New Price Targets

LAMR has been the topic of several recent research reports. Morgan Stanley set a $140.00 price objective on Lamar Advertising in a research report on Tuesday, December 16th. Citigroup increased their price target on shares of Lamar Advertising from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. JPMorgan Chase & Co. upped their price objective on shares of Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Lamar Advertising in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $133.00.

Lamar Advertising Price Performance

Lamar Advertising stock opened at $132.57 on Wednesday. The company has a fifty day simple moving average of $129.05 and a 200-day simple moving average of $126.05. The firm has a market capitalization of $13.43 billion, a price-to-earnings ratio of 31.12 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 Company has a 52-week low of $99.84 and a 52-week high of $136.69.

Lamar Advertising Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders 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 dividend on an annualized basis and a yield of 4.7%. Lamar Advertising’s dividend payout ratio is presently 145.54%.

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.