Baer Investment Advisory LLC Makes New Investment in Lamar Advertising Company $LAMR

Baer Investment Advisory LLC bought a new position in Lamar Advertising Company (NASDAQ:LAMR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,153 shares of the real estate investment trust’s stock, valued at approximately $653,000.

A number of other hedge funds also recently made changes to their positions in LAMR. Tucker Asset Management LLC acquired a new position in Lamar Advertising during the 4th quarter worth approximately $25,000. Sound Income Strategies LLC lifted its stake 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 valued at $33,000 after purchasing an additional 151 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Lamar Advertising in the third quarter valued at approximately $33,000. Beacon Financial Strategies CORP acquired a new stake in Lamar Advertising in the fourth quarter valued at approximately $35,000. Finally, Larson Financial Group LLC grew its stake in shares of Lamar Advertising by 48.1% during the fourth quarter. Larson Financial Group LLC now owns 317 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 103 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Price Performance

Shares of NASDAQ:LAMR opened at $157.56 on Friday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.58 and a current ratio of 0.58. Lamar Advertising Company has a 52 week low of $113.66 and a 52 week high of $158.69. The firm has a market cap of $15.99 billion, a PE ratio of 29.07 and a beta of 1.19. The firm’s fifty day moving average is $149.50 and its 200-day moving average is $137.24.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. The business had revenue of $528.00 million during the quarter, compared to the consensus estimate of $522.86 million. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%. Sell-side analysts predict that Lamar Advertising Company will post 8.41 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were paid a $1.60 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $6.40 annualized dividend and a dividend yield of 4.1%. Lamar Advertising’s dividend payout ratio is presently 118.08%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. TD Cowen upped their price target on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Morgan Stanley set a $145.00 price objective on Lamar Advertising in a research report on Thursday, May 7th. Wells Fargo & Company upped their target price on Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $148.00.

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.