Anchor Capital Advisors LLC Sells 5,170 Shares of Lamar Advertising Company $LAMR

Anchor Capital Advisors LLC trimmed its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 1.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 448,770 shares of the real estate investment trust’s stock after selling 5,170 shares during the quarter. Lamar Advertising accounts for approximately 1.6% of Anchor Capital Advisors LLC’s portfolio, making the stock its 11th largest position. Anchor Capital Advisors LLC’s holdings in Lamar Advertising were worth $56,805,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in LAMR. Boston Partners boosted 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 in the last quarter. Geode Capital Management LLC boosted its position 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 valued at $301,573,000 after buying an additional 32,542 shares in the last quarter. Northern Trust Corp boosted its position in Lamar Advertising by 23.9% in the third quarter. Northern Trust Corp now owns 1,629,554 shares of the real estate investment trust’s stock valued at $199,490,000 after buying an additional 314,235 shares in the last quarter. AQR Capital Management LLC grew its stake in Lamar Advertising by 7.6% during the third quarter. AQR Capital Management LLC now owns 1,587,887 shares of the real estate investment trust’s stock worth $193,166,000 after buying an additional 112,362 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Lamar Advertising by 13.8% during the third quarter. Daiwa Securities Group Inc. now owns 1,478,299 shares of the real estate investment trust’s stock worth $180,973,000 after buying an additional 178,880 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lamar Advertising news, EVP Ross Lamar Reilly sold 5,969 shares of Lamar Advertising stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $128.65, for a total value of $767,911.85. Following the sale, the executive vice president directly owned 15,850 shares in the company, valued at approximately $2,039,102.50. The trade was a 27.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 15.24% of the company’s stock.

Lamar Advertising Stock Performance

Shares of Lamar Advertising stock opened at $150.48 on Wednesday. Lamar Advertising Company has a 12 month low of $113.66 and a 12 month high of $158.69. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.33. The company has a market capitalization of $15.27 billion, a PE ratio of 27.76 and a beta of 1.20. The stock’s fifty day simple moving average is $138.53 and its 200 day simple moving average is $133.51.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, beating the consensus estimate of $0.82 by $0.18. The business had revenue of $528.00 million for 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%. On average, research analysts predict that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $1.60 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $6.40 dividend on an annualized basis and a yield of 4.3%. Lamar Advertising’s dividend payout ratio (DPR) is 118.08%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LAMR shares. UBS Group set a $150.00 target price on Lamar Advertising in a report on Monday, February 23rd. Morgan Stanley set a $145.00 price objective on Lamar Advertising in a research report on Thursday, May 7th. TD Cowen lifted their price objective on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Wells Fargo & Company boosted their price objective on Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a research report on Friday, May 22nd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

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.