ABN Amro Investment Solutions Sells 7,355 Shares of Lamar Advertising Company $LAMR

ABN Amro Investment Solutions decreased its stake in Lamar Advertising Company (NASDAQ:LAMR) by 28.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,925 shares of the real estate investment trust’s stock after selling 7,355 shares during the quarter. ABN Amro Investment Solutions’ holdings in Lamar Advertising were worth $2,396,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LAMR. Tucker Asset Management LLC bought a new position in shares of Lamar Advertising during the fourth quarter valued at $25,000. Sound Income Strategies LLC grew its holdings in shares of Lamar Advertising by 151.0% in the 4th 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 last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Lamar Advertising during the 3rd quarter worth about $33,000. Beacon Financial Strategies CORP acquired a new stake in shares of Lamar Advertising during the 4th quarter worth about $35,000. Finally, Larson Financial Group LLC lifted its holdings in Lamar Advertising by 48.1% during the 4th 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 last quarter. 93.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Ross Lamar Reilly sold 5,969 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $128.65, for a total value of $767,911.85. Following the completion of the sale, the executive vice president owned 15,850 shares in the company, valued at approximately $2,039,102.50. This represents a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 15.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wells Fargo & Company upped 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 note on Friday, May 8th. UBS Group set a $150.00 target price on shares of Lamar Advertising in a research note on Monday, February 23rd. 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 report on Thursday, May 14th. Morgan Stanley set a $145.00 price target on Lamar Advertising in a report on Thursday, May 7th. Finally, Weiss Ratings upgraded Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $148.00.

Lamar Advertising Stock Up 0.3%

Shares of NASDAQ:LAMR opened at $153.10 on Friday. Lamar Advertising Company has a one year low of $113.05 and a one year high of $158.69. The company has a 50 day moving average of $136.12 and a 200-day moving average of $132.18. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market cap of $15.54 billion, a price-to-earnings ratio of 28.25 and a beta of 1.18.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share for the quarter, beating the consensus estimate 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. On average, sell-side analysts forecast that Lamar Advertising Company will post 8.24 earnings per share for the current year.

Lamar Advertising Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $1.60 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.2%. Lamar Advertising’s payout ratio is 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.