Arbejdsmarkedets Tillaegspension Has $25.17 Million Position in Lamar Advertising Company $LAMR

Arbejdsmarkedets Tillaegspension lifted its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 10.8% during the 1st quarter, Holdings Channel reports. The firm owned 198,687 shares of the real estate investment trust’s stock after purchasing an additional 19,317 shares during the quarter. Arbejdsmarkedets Tillaegspension’s holdings in Lamar Advertising were worth $25,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of LAMR. Tucker Asset Management LLC acquired a new stake in Lamar Advertising in the 4th quarter valued at about $25,000. Sound Income Strategies LLC grew its holdings in Lamar Advertising by 151.0% during the fourth quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 151 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Lamar Advertising in the third quarter valued at approximately $33,000. Beacon Financial Strategies CORP bought a new stake in Lamar Advertising in the fourth quarter valued at approximately $35,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Lamar Advertising in the third quarter valued at approximately $39,000. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Stock Performance

LAMR stock opened at $155.18 on Monday. Lamar Advertising Company has a 52 week low of $113.66 and a 52 week high of $162.96. The company has a market capitalization of $15.75 billion, a PE ratio of 28.63 and a beta of 1.19. The company’s 50-day simple moving average is $151.93 and its 200 day simple moving average is $138.39. 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 (NASDAQ:LAMR) last issued its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.18. The business had revenue of $528.00 million during the quarter, compared to analysts’ expectations 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 anticipate that Lamar Advertising Company will post 8.41 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a $1.60 dividend. 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 payout ratio is presently 118.08%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. TD Cowen lifted their target price on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Morgan Stanley set a $145.00 price target on Lamar Advertising in a report on Thursday, May 7th. Wells Fargo & Company lifted their price objective on shares of Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Finally, Citigroup lowered shares of Lamar Advertising from a “buy” rating to a “neutral” rating and increased their price objective for the company from $145.00 to $160.00 in a research report on Friday. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Lamar Advertising presently has an average rating of “Hold” and an average target price of $150.50.

Lamar Advertising 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.