Strs Ohio Has $7.10 Million Holdings in Lamar Advertising Company $LAMR

Strs Ohio cut its stake in Lamar Advertising Company (NASDAQ:LAMR) by 15.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,064 shares of the real estate investment trust’s stock after selling 10,404 shares during the period. Strs Ohio owned approximately 0.06% of Lamar Advertising worth $7,101,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Argent Advisors Inc. boosted its stake in Lamar Advertising by 0.6% during the first quarter. Argent Advisors Inc. now owns 14,426 shares of the real estate investment trust’s stock worth $1,827,000 after buying an additional 80 shares in the last quarter. Glenmede Investment Management LP grew its stake in Lamar Advertising by 3.2% during the third quarter. Glenmede Investment Management LP now owns 2,590 shares of the real estate investment trust’s stock worth $317,000 after buying an additional 81 shares during the last quarter. REAP Financial Group LLC grew its position in Lamar Advertising by 13.5% during the 4th quarter. REAP Financial Group LLC now owns 706 shares of the real estate investment trust’s stock worth $89,000 after acquiring an additional 84 shares during the last quarter. Greenleaf Trust grew its holdings in shares of Lamar Advertising by 1.6% during the fourth quarter. Greenleaf Trust now owns 5,540 shares of the real estate investment trust’s stock worth $701,000 after purchasing an additional 87 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its position in Lamar Advertising by 0.5% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 19,435 shares of the real estate investment trust’s stock valued at $2,460,000 after acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Analyst Ratings Changes

LAMR has been the subject of several research reports. Wells Fargo & Company lifted 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. Morgan Stanley set a $145.00 price target on Lamar Advertising in a research report on Thursday, May 7th. Finally, TD Cowen raised their price objective 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. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Lamar Advertising Stock Performance

Shares of LAMR stock opened at $157.56 on Monday. Lamar Advertising Company has a one year low of $113.66 and a one year high of $158.69. The stock has a market cap of $15.99 billion, a P/E ratio of 29.07 and a beta of 1.19. The company has a fifty day moving average price of $149.50 and a two-hundred day moving average price of $137.31. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.58 and a quick ratio of 0.58.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 55.53% and a net margin of 24.01%. As a group, equities analysts predict that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Announces Dividend

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

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.