Lamar Advertising Company $LAMR Position Reduced by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC reduced its position in Lamar Advertising Company (NASDAQ:LAMR) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 448,770 shares of the real estate investment trust’s stock after selling 5,170 shares during the period. Lamar Advertising comprises approximately 1.6% of Anchor Capital Advisors LLC’s holdings, making the stock its 11th largest position. Anchor Capital Advisors LLC owned approximately 0.44% of Lamar Advertising worth $56,805,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tucker Asset Management LLC acquired a new position in shares of Lamar Advertising in the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in Lamar Advertising in the 3rd quarter valued at approximately $33,000. Sound Income Strategies LLC lifted its position in Lamar Advertising by 151.0% in the 4th quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 151 shares in the last quarter. Beacon Financial Strategies CORP purchased a new stake in Lamar Advertising in the 4th quarter worth approximately $35,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Lamar Advertising during the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 93.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LAMR. Wells Fargo & Company boosted their target price on Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Morgan Stanley set a $145.00 target price on shares of Lamar Advertising in a research note on Thursday, May 7th. UBS Group set a $150.00 target price on shares of Lamar Advertising in a research report on Monday, February 23rd. TD Cowen increased their price target on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $148.00.

Lamar Advertising Price Performance

NASDAQ LAMR opened at $150.48 on Wednesday. Lamar Advertising Company has a 1 year low of $113.66 and a 1 year high of $158.69. The company has a fifty day simple moving average of $138.53 and a 200 day simple moving average of $133.51. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.33. The company has a market cap of $15.27 billion, a P/E ratio of 27.76 and a beta of 1.20.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, topping the consensus estimate of $0.82 by $0.18. The firm had revenue of $528.00 million for the quarter, compared to the consensus estimate of $522.86 million. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. On average, sell-side analysts predict that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, June 16th. Lamar Advertising’s dividend payout ratio is presently 118.08%.

Insiders Place Their Bets

In other Lamar Advertising news, EVP Ross Lamar Reilly sold 5,969 shares of the stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $128.65, for a total value of $767,911.85. Following the completion of the sale, the executive vice president directly owned 15,850 shares of the company’s stock, valued at $2,039,102.50. This represents a 27.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.24% of the stock is currently owned by company insiders.

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.