Cbre Investment Management Listed Real Assets LLC Invests $14.95 Million in Lamar Advertising Company $LAMR

Cbre Investment Management Listed Real Assets LLC bought a new position in Lamar Advertising Company (NASDAQ:LAMR) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 118,094 shares of the real estate investment trust’s stock, valued at approximately $14,948,000.

Other institutional investors have also recently made changes to their positions in the company. Tucker Asset Management LLC bought a new stake in shares of Lamar Advertising in the 4th quarter worth $25,000. Sound Income Strategies LLC boosted its holdings in shares of Lamar Advertising by 151.0% in the 4th quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 151 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Lamar Advertising in the 3rd quarter worth about $33,000. Beacon Financial Strategies CORP purchased a new position in shares of Lamar Advertising in the 4th quarter worth about $35,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Lamar Advertising by 48.1% in the 4th quarter. Larson Financial Group LLC now owns 317 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 103 shares during the last quarter. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Trading Down 1.3%

Shares of Lamar Advertising stock opened at $150.47 on Tuesday. Lamar Advertising Company has a 12-month low of $113.66 and a 12-month high of $158.69. The company has a market cap of $15.27 billion, a price-to-earnings ratio of 27.76 and a beta of 1.20. 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’s 50-day moving average price is $138.53 and its 200-day moving average price is $133.51.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results 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. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. The firm had revenue of $528.00 million for the quarter, compared to the consensus estimate of $522.86 million. On average, equities analysts expect that Lamar Advertising Company will post 8.41 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

The business also recently disclosed 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. This represents a $6.40 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, June 16th. Lamar Advertising’s dividend payout ratio is 118.08%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target 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. Morgan Stanley set a $145.00 price target on shares of Lamar Advertising in a report on Thursday, May 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. TD Cowen boosted their price target on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, UBS Group set a $150.00 price target on shares of Lamar Advertising in a report on Monday, February 23rd. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Lamar Advertising has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

Insider Buying and Selling at Lamar Advertising

In related news, EVP Ross Lamar Reilly sold 5,969 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 15,850 shares in the company, valued at approximately $2,039,102.50. This represents a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 15.24% of the company’s stock.

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.