Easterly Investment Partners LLC Reduces Holdings in Lamar Advertising Company $LAMR

Easterly Investment Partners LLC trimmed its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 98.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,880 shares of the real estate investment trust’s stock after selling 129,468 shares during the period. Easterly Investment Partners LLC’s holdings in Lamar Advertising were worth $238,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Tucker Asset Management LLC purchased a new position in shares of Lamar Advertising during the 4th quarter worth approximately $25,000. Sound Income Strategies LLC increased its stake in shares of Lamar Advertising by 151.0% during the 4th quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 151 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Lamar Advertising during the 3rd quarter worth approximately $33,000. Beacon Financial Strategies CORP purchased a new position in shares of Lamar Advertising during the 4th quarter worth approximately $35,000. Finally, Larson Financial Group LLC increased its stake in shares of Lamar Advertising by 48.1% during the 4th quarter. Larson Financial Group LLC now owns 317 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 103 shares in the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Stock Down 1.3%

Shares of LAMR opened at $150.47 on Tuesday. The firm has a market cap of $15.27 billion, a PE ratio of 27.76 and a beta of 1.20. The company’s fifty day moving average is $138.53 and its two-hundred day moving average is $133.51. Lamar Advertising Company has a fifty-two week low of $113.66 and a fifty-two week high of $158.69. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.33.

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

Lamar Advertising Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. UBS Group set a $150.00 price objective on shares of Lamar Advertising in a research note on Monday, February 23rd. 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 research report on Friday, May 8th. TD Cowen raised their target price on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Finally, Morgan Stanley set a $145.00 target price on shares of Lamar Advertising in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

Insider Buying and Selling at Lamar Advertising

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 transaction, the executive vice president owned 15,850 shares in the company, valued at $2,039,102.50. This trade represents a 27.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 15.24% of the stock is currently owned by company insiders.

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.