Corient Private Wealth LLC Raises Position in Lamar Advertising Company $LAMR

Corient Private Wealth LLC boosted its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 114.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,471 shares of the real estate investment trust’s stock after purchasing an additional 13,604 shares during the period. Corient Private Wealth LLC’s holdings in Lamar Advertising were worth $3,224,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Boston Partners increased its holdings in shares of Lamar Advertising by 2.0% in the third quarter. Boston Partners now owns 2,384,715 shares of the real estate investment trust’s stock worth $291,928,000 after buying an additional 46,361 shares during the period. Geode Capital Management LLC boosted its holdings in Lamar Advertising by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 2,382,137 shares of the real estate investment trust’s stock valued at $301,573,000 after acquiring an additional 32,542 shares during the period. Wellington Management Group LLP boosted its holdings in Lamar Advertising by 3.3% during the 4th quarter. Wellington Management Group LLP now owns 2,027,080 shares of the real estate investment trust’s stock valued at $256,588,000 after acquiring an additional 64,824 shares during the period. Northern Trust Corp grew its position in Lamar Advertising by 23.9% during the 3rd quarter. Northern Trust Corp now owns 1,629,554 shares of the real estate investment trust’s stock worth $199,490,000 after acquiring an additional 314,235 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Lamar Advertising by 7.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,587,887 shares of the real estate investment trust’s stock worth $193,166,000 after acquiring an additional 112,362 shares during the last quarter. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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. Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Morgan Stanley set a $145.00 target price on shares of Lamar Advertising in a research note on Thursday, May 7th. Finally, TD Cowen lifted their target price on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Lamar Advertising Stock Performance

Lamar Advertising stock opened at $156.00 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.33. The firm has a market cap of $15.83 billion, a P/E ratio of 28.78 and a beta of 1.20. Lamar Advertising Company has a 1-year low of $113.66 and a 1-year high of $158.69. The firm has a 50-day moving average of $147.28 and a 200-day moving average of $136.29.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, beating 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 business had revenue of $528.00 million during the quarter, compared to analyst estimates of $522.86 million. Sell-side analysts expect that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 annualized dividend and a dividend yield of 4.1%. Lamar Advertising’s payout ratio is 118.08%.

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.