Advisors Preferred LLC Acquires New Stake in Lamar Advertising Company $LAMR

Advisors Preferred LLC bought a new position in Lamar Advertising Company (NASDAQ:LAMR) in the first quarter, Holdings Channel.com reports. The fund bought 3,851 shares of the real estate investment trust’s stock, valued at approximately $488,000.

Other hedge funds also recently modified their holdings of the company. Sivia Capital Partners LLC acquired a new position in Lamar Advertising during the second quarter worth about $510,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Lamar Advertising by 250.0% in the second 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 in the last quarter. Amundi lifted 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 acquiring an additional 1,417 shares during the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of Lamar Advertising in the 2nd quarter worth $873,000. Finally, Cerity Partners LLC boosted its position in shares of Lamar Advertising by 39.0% in the 2nd quarter. Cerity Partners LLC now owns 37,166 shares of the real estate investment trust’s stock valued at $4,510,000 after purchasing an additional 10,423 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Stock Up 1.9%

Lamar Advertising stock opened at $160.29 on Thursday. The company has a market capitalization of $16.26 billion, a P/E ratio of 29.57 and a beta of 1.19. The firm’s fifty day simple moving average is $153.07 and its 200-day simple moving average is $139.06. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.33. Lamar Advertising Company has a 1-year low of $113.66 and a 1-year high of $162.96.

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 analysts’ consensus estimates of $0.82 by $0.18. The firm had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $522.86 million. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. Sell-side analysts forecast that Lamar Advertising Company will post 8.41 earnings per share for the current fiscal year.

Lamar Advertising Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given 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 dividend yield of 4.0%. Lamar Advertising’s payout ratio is currently 118.08%.

Analyst Upgrades and Downgrades

Several research analysts have commented on LAMR shares. Wells Fargo & Company raised their target price on shares of Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. TD Cowen raised their target price on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Morgan Stanley set a $145.00 price target on Lamar Advertising in a report on Thursday, May 7th. Citigroup lowered Lamar Advertising from a “buy” rating to a “neutral” rating and upped their price target for the company from $145.00 to $160.00 in a research report on Friday, July 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $150.50.

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.