Entropy Technologies LP Sells 5,505 Shares of Lamar Advertising Company $LAMR

Entropy Technologies LP lessened its position in Lamar Advertising Company (NASDAQ:LAMR) by 26.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,665 shares of the real estate investment trust’s stock after selling 5,505 shares during the period. Entropy Technologies LP’s holdings in Lamar Advertising were worth $1,984,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Sivia Capital Partners LLC acquired a new position in Lamar Advertising in the second quarter worth $510,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Lamar Advertising by 250.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 47,604 shares of the real estate investment trust’s stock valued at $5,777,000 after buying an additional 34,002 shares during the last quarter. Amundi raised its holdings in shares of Lamar Advertising by 224.6% in the second quarter. Amundi now owns 2,048 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 1,417 shares during the last quarter. Gamco Investors INC. ET AL acquired a new position in Lamar Advertising during the 2nd quarter worth about $873,000. Finally, Cerity Partners LLC lifted its position in Lamar Advertising by 39.0% during the 2nd quarter. Cerity Partners LLC now owns 37,166 shares of the real estate investment trust’s stock worth $4,510,000 after buying an additional 10,423 shares in the last quarter. Institutional investors own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LAMR shares. TD Cowen raised their price objective on shares of 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 report on Friday, May 22nd. Wells Fargo & Company increased their price target on shares of Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $153.00 price target on shares of Lamar Advertising in a report on Wednesday, July 22nd. Finally, Citigroup cut shares of Lamar Advertising from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $145.00 to $160.00 in a research report on Friday, July 10th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $154.67.

Lamar Advertising Price Performance

NASDAQ:LAMR opened at $159.46 on Monday. Lamar Advertising Company has a 12-month low of $113.66 and a 12-month high of $164.38. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.33. The firm has a market capitalization of $16.18 billion, a P/E ratio of 29.42 and a beta of 1.19. The stock’s fifty day simple moving average is $154.55 and its 200-day simple moving average is $140.75.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.18. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%.The firm had revenue of $528.00 million for the quarter, compared to analysts’ expectations of $522.86 million. Equities research analysts expect that Lamar Advertising Company will post 8.41 earnings per share for the current 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. 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 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.