Lamar Advertising Company $LAMR Position Cut by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 70.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,425 shares of the real estate investment trust’s stock after selling 22,664 shares during the quarter. Hsbc Holdings PLC’s holdings in Lamar Advertising were worth $1,190,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of LAMR. Tucker Asset Management LLC acquired a new stake in shares of Lamar Advertising in the 4th quarter worth about $25,000. Sound Income Strategies LLC boosted its stake in Lamar Advertising by 151.0% during 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 period. Caitong International Asset Management Co. Ltd bought a new position in Lamar Advertising in the 3rd quarter worth about $33,000. Beacon Financial Strategies CORP bought a new position in Lamar Advertising in the 4th quarter worth about $35,000. Finally, Larson Financial Group LLC increased its stake in shares of Lamar Advertising by 48.1% in the fourth quarter. Larson Financial Group LLC now owns 317 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 103 shares during the period. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Stock Performance

Shares of NASDAQ:LAMR opened at $155.18 on Monday. The company has a 50 day moving average of $151.93 and a 200-day moving average of $138.39. The firm has a market cap of $15.75 billion, a P/E ratio of 28.63 and a beta of 1.19. Lamar Advertising Company has a twelve month low of $113.66 and a twelve month high of $162.96. 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 (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. The business had revenue of $528.00 million for the quarter, compared to analyst estimates of $522.86 million. As a group, analysts anticipate that Lamar Advertising Company will post 8.41 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

The company also recently declared 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. The ex-dividend date was Tuesday, June 16th. This represents a $6.40 annualized dividend and a dividend yield of 4.1%. Lamar Advertising’s dividend payout ratio (DPR) is 118.08%.

Wall Street Analysts Forecast Growth

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