Lamar Advertising Company $LAMR Holdings Raised by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 38.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,556 shares of the real estate investment trust’s stock after acquiring an additional 8,160 shares during the period. Edgestream Partners L.P.’s holdings in Lamar Advertising were worth $3,744,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC acquired a new stake in shares of Lamar Advertising during the second quarter worth $510,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Lamar Advertising by 250.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 47,604 shares of the real estate investment trust’s stock valued at $5,777,000 after buying an additional 34,002 shares during the period. Amundi grew its position in shares of Lamar Advertising by 224.6% during the 2nd quarter. Amundi now owns 2,048 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 1,417 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Lamar Advertising during the 2nd quarter valued at about $873,000. Finally, Cerity Partners LLC raised its stake in Lamar Advertising by 39.0% during the second quarter. Cerity Partners LLC now owns 37,166 shares of the real estate investment trust’s stock worth $4,510,000 after acquiring an additional 10,423 shares during the period. 93.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LAMR has been the topic of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Wells Fargo & Company increased 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. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $153.00 price target on shares of Lamar Advertising in a report on Wednesday, July 22nd. Citigroup lowered Lamar Advertising from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $145.00 to $160.00 in a research report on Friday, July 10th. Finally, TD Cowen upped their price objective on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $154.67.

Lamar Advertising Stock Performance

Shares of LAMR stock opened at $159.96 on Friday. Lamar Advertising Company has a 12-month low of $113.66 and a 12-month high of $166.33. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market capitalization of $16.23 billion, a price-to-earnings ratio of 29.51 and a beta of 1.19. The business has a 50 day simple moving average of $155.62 and a 200 day simple moving average of $141.84.

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 the consensus estimate of $0.82 by $0.18. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%.The firm had revenue of $528.00 million for the quarter, compared to the consensus estimate of $522.86 million. On average, equities research analysts anticipate that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Lamar Advertising’s dividend payout ratio (DPR) 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.