Ibex Wealth Advisors Boosts Stock Holdings in Lamar Advertising Company $LAMR

Ibex Wealth Advisors raised its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 10.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,051 shares of the real estate investment trust’s stock after purchasing an additional 5,707 shares during the period. Ibex Wealth Advisors owned 0.06% of Lamar Advertising worth $7,479,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Boston Partners lifted its position in shares of Lamar Advertising by 2.0% during the 3rd 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. Geode Capital Management LLC increased its holdings in Lamar Advertising by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 2,382,137 shares of the real estate investment trust’s stock worth $301,573,000 after acquiring an additional 32,542 shares during the last quarter. Wellington Management Group LLP raised its stake in Lamar Advertising by 3.3% in the 4th quarter. Wellington Management Group LLP now owns 2,027,080 shares of the real estate investment trust’s stock valued at $256,588,000 after acquiring an additional 64,824 shares during the period. Northern Trust Corp raised its stake in 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 valued at $199,490,000 after acquiring an additional 314,235 shares during the period. Finally, AQR Capital Management LLC raised its stake in 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 valued at $193,166,000 after acquiring an additional 112,362 shares during the period. 93.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on LAMR shares. Morgan Stanley set a $145.00 target price on shares of Lamar Advertising in a research report on Thursday, May 7th. Citigroup cut shares of Lamar Advertising from a “buy” rating to a “neutral” rating in a research note on Friday. Wells Fargo & Company raised their price objective on shares of Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Finally, TD Cowen lifted their price objective on shares of Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $148.00.

Lamar Advertising Price Performance

LAMR stock opened at $162.25 on Friday. The firm has a 50 day moving average of $151.54 and a 200-day moving average of $138.20. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.33. Lamar Advertising Company has a 12 month low of $113.66 and a 12 month high of $162.96. The firm has a market capitalization of $16.46 billion, a P/E ratio of 29.94 and a beta of 1.19.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, beating the consensus estimate of $0.82 by $0.18. The firm had revenue of $528.00 million during 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%. As a group, sell-side analysts predict that Lamar Advertising Company will post 8.41 earnings per share for the current fiscal year.

Lamar Advertising Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a dividend of $1.60 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $6.40 annualized dividend and a yield of 3.9%. Lamar Advertising’s dividend payout ratio (DPR) is currently 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.