Dimensional Fund Advisors LP Has $165.55 Million Stock Holdings in Lamar Advertising Company $LAMR

Dimensional Fund Advisors LP raised its position in Lamar Advertising Company (NASDAQ:LAMR) by 0.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,307,093 shares of the real estate investment trust’s stock after buying an additional 11,586 shares during the period. Dimensional Fund Advisors LP’s holdings in Lamar Advertising were worth $165,549,000 as of its most recent filing with the SEC.

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

Lamar Advertising Stock Performance

Shares of LAMR opened at $159.46 on Friday. The firm has a market cap of $16.18 billion, a P/E ratio of 29.42 and a beta of 1.19. Lamar Advertising Company has a twelve month low of $113.66 and a twelve month high of $164.38. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.58 and a current ratio of 0.58. The firm’s 50 day moving average price is $154.55 and its two-hundred day moving average price is $140.64.

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 (EPS) for the quarter, topping 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 company had revenue of $528.00 million during the quarter, compared to the consensus estimate of $522.86 million. On average, analysts forecast that Lamar Advertising Company will post 8.41 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 4.0%. Lamar Advertising’s dividend payout ratio (DPR) is currently 118.08%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Morgan Stanley set a $145.00 price objective on shares of Lamar Advertising in a research report on Thursday, May 7th. Citigroup lowered Lamar Advertising from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $145.00 to $160.00 in a report on Friday, July 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. JPMorgan Chase & Co. restated a “neutral” rating and issued a $153.00 price target on shares of Lamar Advertising in a report on Wednesday. Finally, Wells Fargo & Company raised their price target on Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $154.67.

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.