Lamar Advertising Company $LAMR Shares Purchased by AlphaQuest LLC

AlphaQuest LLC raised its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 1,251.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,945 shares of the real estate investment trust’s stock after acquiring an additional 8,283 shares during the period. AlphaQuest LLC’s holdings in Lamar Advertising were worth $1,095,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Blair William & Co. IL grew its position in Lamar Advertising by 1.5% in the 2nd quarter. Blair William & Co. IL now owns 5,358 shares of the real estate investment trust’s stock valued at $650,000 after buying an additional 81 shares in the last quarter. JB Capital LLC increased its stake in shares of Lamar Advertising by 0.3% during the second quarter. JB Capital LLC now owns 29,916 shares of the real estate investment trust’s stock valued at $3,631,000 after acquiring an additional 82 shares during the period. HF Advisory Group LLC raised its holdings in Lamar Advertising by 1.6% during the third quarter. HF Advisory Group LLC now owns 5,494 shares of the real estate investment trust’s stock worth $673,000 after purchasing an additional 86 shares in the last quarter. Atalanta Sosnoff Capital LLC lifted its position in Lamar Advertising by 4.0% in the second quarter. Atalanta Sosnoff Capital LLC now owns 2,475 shares of the real estate investment trust’s stock worth $300,000 after purchasing an additional 96 shares during the period. Finally, PFG Investments LLC boosted its stake in Lamar Advertising by 5.4% during the 3rd quarter. PFG Investments LLC now owns 1,895 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 97 shares in the last quarter. Institutional investors own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LAMR. Weiss Ratings restated a “hold (c+)” rating on shares of Lamar Advertising in a report on Monday, December 29th. Morgan Stanley set a $140.00 price target on shares of Lamar Advertising in a research report on Tuesday, December 16th. Citigroup raised their price objective on shares of Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $133.00.

Lamar Advertising Stock Up 0.2%

LAMR stock opened at $128.31 on Monday. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $13.00 billion, a P/E ratio of 30.12 and a beta of 1.23. Lamar Advertising Company has a 52-week low of $99.84 and a 52-week high of $134.63. The company’s 50 day simple moving average is $129.26 and its 200-day simple moving average is $125.46.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.06. The firm had revenue of $585.54 million for the quarter, compared to analysts’ expectations of $584.00 million. Lamar Advertising had a net margin of 19.27% and a return on equity of 43.02%. As a group, equities research analysts anticipate that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Monday, December 22nd. Lamar Advertising’s dividend payout ratio is currently 145.54%.

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.