Hamlin Capital Management LLC Trims Position in Lamar Advertising Company $LAMR

Hamlin Capital Management LLC lowered its stake in Lamar Advertising Company (NASDAQ:LAMR) by 2.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,392,167 shares of the real estate investment trust’s stock after selling 32,878 shares during the period. Lamar Advertising makes up 4.2% of Hamlin Capital Management LLC’s holdings, making the stock its 8th biggest holding. Hamlin Capital Management LLC’s holdings in Lamar Advertising were worth $176,220,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Boston Partners increased its holdings in Lamar Advertising by 2.0% in the third quarter. Boston Partners now owns 2,384,715 shares of the real estate investment trust’s stock valued at $291,928,000 after buying an additional 46,361 shares during the last quarter. Northern Trust Corp grew its position in shares of Lamar Advertising by 23.9% in the 3rd quarter. Northern Trust Corp now owns 1,629,554 shares of the real estate investment trust’s stock worth $199,490,000 after acquiring an additional 314,235 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Lamar Advertising by 7.6% in the 3rd quarter. AQR Capital Management LLC now owns 1,587,887 shares of the real estate investment trust’s stock worth $193,166,000 after acquiring an additional 112,362 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Lamar Advertising by 13.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 1,478,299 shares of the real estate investment trust’s stock valued at $180,973,000 after acquiring an additional 178,880 shares during the last quarter. Finally, Berkshire Hathaway Inc increased its holdings in shares of Lamar Advertising by 2.8% in the 3rd quarter. Berkshire Hathaway Inc now owns 1,202,110 shares of the real estate investment trust’s stock valued at $147,162,000 after acquiring an additional 32,603 shares during the last quarter. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Trading Down 2.2%

NASDAQ:LAMR opened at $124.57 on Friday. The firm has a market capitalization of $12.62 billion, a P/E ratio of 21.59 and a beta of 1.21. The business has a 50 day simple moving average of $132.30 and a 200 day simple moving average of $127.83. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.58 and a quick ratio of 0.58. Lamar Advertising Company has a 12-month low of $99.84 and a 12-month high of $139.76.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Friday, February 20th. The real estate investment trust reported $1.50 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($0.68). The company had revenue of $595.93 million during the quarter, compared to analyst estimates of $592.70 million. Lamar Advertising had a return on equity of 58.58% and a net margin of 25.91%.Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. Equities research analysts predict that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a $1.60 dividend. The ex-dividend date is Monday, March 16th. This represents a $6.40 annualized dividend and a yield of 5.1%. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.55. Lamar Advertising’s payout ratio is 110.92%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LAMR shares. Wells Fargo & Company raised their price objective on Lamar Advertising from $121.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 24th. TD Cowen reiterated a “buy” rating on shares of Lamar Advertising in a research note on Monday, February 23rd. Morgan Stanley set a $140.00 target price on shares of Lamar Advertising in a report on Tuesday, December 16th. Weiss Ratings raised shares of Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday, February 23rd. Finally, UBS Group set a $150.00 price objective on shares of Lamar Advertising in a research report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $139.80.

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.