SG Americas Securities LLC Grows Position in Lamar Advertising Company $LAMR

SG Americas Securities LLC grew its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 25.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,409 shares of the real estate investment trust’s stock after acquiring an additional 19,112 shares during the quarter. SG Americas Securities LLC owned about 0.09% of Lamar Advertising worth $11,958,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Uhlmann Price Securities LLC raised its stake in Lamar Advertising by 119.0% in the first quarter. Uhlmann Price Securities LLC now owns 4,380 shares of the real estate investment trust’s stock valued at $557,000 after purchasing an additional 2,380 shares in the last quarter. Diversified Trust Co purchased a new position in Lamar Advertising in the 1st quarter worth approximately $1,307,000. Rockefeller Capital Management L.P. increased its holdings in shares of Lamar Advertising by 10.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,902 shares of the real estate investment trust’s stock worth $621,000 after buying an additional 459 shares during the last quarter. World Investment Advisors raised its position in shares of Lamar Advertising by 21.7% during the 4th quarter. World Investment Advisors now owns 2,641 shares of the real estate investment trust’s stock valued at $334,000 after buying an additional 471 shares in the last quarter. Finally, Corient Private Wealth LLC raised its position in shares of Lamar Advertising by 114.6% during the 4th quarter. Corient Private Wealth LLC now owns 25,471 shares of the real estate investment trust’s stock valued at $3,224,000 after buying an additional 13,604 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Lamar Advertising Price Performance

Shares of NASDAQ:LAMR opened at $156.00 on Friday. 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 stock has a market cap of $15.83 billion, a PE ratio of 28.78 and a beta of 1.20. The company’s fifty day moving average is $147.28 and its 200 day moving average is $136.29. Lamar Advertising Company has a 52 week low of $113.66 and a 52 week high of $158.69.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $522.86 million. Research analysts anticipate that Lamar Advertising Company will post 8.41 earnings per share for the current year.

Lamar Advertising Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, June 16th. Lamar Advertising’s dividend payout ratio (DPR) is presently 118.08%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. TD Cowen upped their target price on shares of 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 research report on Thursday, May 7th. Wells Fargo & Company lifted 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.00.

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.