Diversified Trust Co Makes New Investment in Lamar Advertising Company $LAMR

Diversified Trust Co acquired a new position in Lamar Advertising Company (NASDAQ:LAMR) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,320 shares of the real estate investment trust’s stock, valued at approximately $1,307,000.

Other hedge funds have also added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC purchased a new position in Lamar Advertising during the fourth quarter valued at approximately $1,872,000. SG Americas Securities LLC increased its stake in Lamar Advertising by 323.6% in the fourth quarter. SG Americas Securities LLC now owns 75,297 shares of the real estate investment trust’s stock valued at $9,531,000 after acquiring an additional 57,520 shares during the last quarter. Berkshire Hathaway Inc raised its holdings in shares of Lamar Advertising by 2.8% during the 3rd quarter. Berkshire Hathaway Inc now owns 1,202,110 shares of the real estate investment trust’s stock valued at $147,162,000 after buying an additional 32,603 shares in the last quarter. Markel Group Inc. raised its stake in shares of Lamar Advertising by 8.8% during the fourth quarter. Markel Group Inc. now owns 185,000 shares of the real estate investment trust’s stock worth $23,417,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Lamar Advertising by 4.6% in the fourth quarter. Legal & General Group Plc now owns 232,235 shares of the real estate investment trust’s stock worth $29,396,000 after purchasing an additional 10,265 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Lamar Advertising Price Performance

NASDAQ LAMR opened at $152.38 on Wednesday. The stock has a 50-day moving average of $146.03 and a 200 day moving average of $135.85. Lamar Advertising Company has a one year low of $113.66 and a one year high of $158.69. The company has a market capitalization of $15.46 billion, a price-to-earnings ratio of 28.11 and a beta of 1.20. 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, 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 company had revenue of $528.00 million for the quarter, compared to the consensus estimate of $522.86 million. On average, sell-side analysts forecast that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Tuesday, June 16th. Lamar Advertising’s payout ratio is currently 118.08%.

Analysts Set New Price Targets

LAMR has been the subject of several recent research reports. Wells Fargo & Company boosted their price objective on Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Morgan Stanley set a $145.00 price objective on shares of Lamar Advertising in a report on Thursday, May 7th. TD Cowen boosted their target price on shares of Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a research report on Friday, May 22nd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Lamar Advertising currently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

Lamar Advertising Company 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.