Lamar Advertising Company $LAMR Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lowered its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 2.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 312,311 shares of the real estate investment trust’s stock after selling 7,547 shares during the quarter. Boston Trust Walden Corp owned about 0.31% of Lamar Advertising worth $39,557,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Argent Advisors Inc. lifted its position in shares of Lamar Advertising by 0.6% in the first quarter. Argent Advisors Inc. now owns 14,426 shares of the real estate investment trust’s stock valued at $1,827,000 after buying an additional 80 shares during the last quarter. Glenmede Investment Management LP grew its stake in Lamar Advertising by 3.2% during the third quarter. Glenmede Investment Management LP now owns 2,590 shares of the real estate investment trust’s stock worth $317,000 after buying an additional 81 shares in the last quarter. REAP Financial Group LLC boosted its position in shares of Lamar Advertising by 13.5% during the 4th quarter. REAP Financial Group LLC now owns 706 shares of the real estate investment trust’s stock worth $89,000 after acquiring an additional 84 shares in the last quarter. Greenleaf Trust increased its stake in shares of Lamar Advertising by 1.6% in the 4th quarter. Greenleaf Trust now owns 5,540 shares of the real estate investment trust’s stock valued at $701,000 after purchasing an additional 87 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC grew its stake in shares of Lamar Advertising by 0.5% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 19,435 shares of the real estate investment trust’s stock worth $2,460,000 after buying an additional 88 shares during the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Lamar Advertising Price Performance

LAMR opened at $157.56 on Friday. The firm has a market cap of $15.99 billion, a PE ratio of 29.07 and a beta of 1.19. The stock has a 50-day moving average price of $149.50 and a 200-day moving average price of $137.24. Lamar Advertising Company has a 1 year low of $113.66 and a 1 year high of $158.69. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.58 and a quick ratio of 0.58.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results 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 business had revenue of $528.00 million during the quarter, compared to analyst estimates of $522.86 million. Sell-side analysts predict that Lamar Advertising Company will post 8.41 earnings per share for the current fiscal year.

Lamar Advertising Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a $1.60 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $6.40 dividend on an annualized basis and a yield of 4.1%. Lamar Advertising’s payout ratio is presently 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.