Advisors Preferred LLC Purchases Shares of 3,851 Lamar Advertising Company $LAMR

Advisors Preferred LLC acquired a new position in Lamar Advertising Company (NASDAQ:LAMR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,851 shares of the real estate investment trust’s stock, valued at approximately $488,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Praxis Investment Management Inc. boosted its holdings in Lamar Advertising by 2.7% in the 1st quarter. Praxis Investment Management Inc. now owns 2,846 shares of the real estate investment trust’s stock worth $360,000 after acquiring an additional 76 shares during the period. Argent Advisors Inc. boosted its stake in shares of Lamar Advertising by 0.6% in the first quarter. Argent Advisors Inc. now owns 14,426 shares of the real estate investment trust’s stock valued at $1,827,000 after purchasing an additional 80 shares during the period. Glenmede Investment Management LP increased its stake in Lamar Advertising by 3.2% during the 3rd 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 period. REAP Financial Group LLC increased its stake 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 buying an additional 84 shares during the period. Finally, Greenleaf Trust lifted its holdings in Lamar Advertising by 1.6% in the 4th quarter. Greenleaf Trust now owns 5,540 shares of the real estate investment trust’s stock worth $701,000 after buying an additional 87 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Stock Up 1.9%

Shares of NASDAQ:LAMR opened at $160.29 on Thursday. The company’s fifty day moving average is $153.07 and its two-hundred day moving average is $139.06. 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 1-year low of $113.66 and a 1-year high of $162.96. The stock has a market capitalization of $16.26 billion, a price-to-earnings ratio of 29.57 and a beta of 1.19.

Lamar Advertising (NASDAQ:LAMR) last released 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 firm had revenue of $528.00 million for the quarter, compared to analyst estimates of $522.86 million. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. Equities analysts anticipate that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Lamar Advertising’s dividend payout ratio (DPR) is 118.08%.

Analyst Ratings Changes

Several research firms recently commented on LAMR. 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 note on Friday, May 8th. Morgan Stanley set a $145.00 price objective on Lamar Advertising in a report on Thursday, May 7th. TD Cowen upped their target price on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. Finally, Citigroup lowered shares of Lamar Advertising from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $145.00 to $160.00 in a report on Friday, July 10th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average 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.