Kingswood Wealth Advisors LLC Acquires Shares of 98,054 Lamar Advertising Company $LAMR

Kingswood Wealth Advisors LLC bought a new position in Lamar Advertising Company (NASDAQ:LAMR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 98,054 shares of the real estate investment trust’s stock, valued at approximately $12,004,000. Lamar Advertising makes up about 0.7% of Kingswood Wealth Advisors LLC’s portfolio, making the stock its 22nd biggest position. Kingswood Wealth Advisors LLC owned 0.10% of Lamar Advertising as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in LAMR. True Wealth Design LLC boosted its holdings in Lamar Advertising by 466.7% in the second quarter. True Wealth Design LLC now owns 204 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 168 shares during the period. Alpine Bank Wealth Management bought a new position in shares of Lamar Advertising in the 3rd quarter worth about $27,000. Ameritas Advisory Services LLC acquired a new position in shares of Lamar Advertising in the 2nd quarter valued at about $28,000. 1248 Management LLC bought a new stake in shares of Lamar Advertising during the 1st quarter valued at about $34,000. Finally, Loomis Sayles & Co. L P acquired a new stake in Lamar Advertising during the second quarter worth about $34,000. 93.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LAMR. Citigroup lifted their target price on Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. JPMorgan Chase & Co. raised their price target on Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Lamar Advertising in a research note on Monday, December 29th. Finally, Morgan Stanley set a $140.00 target price on Lamar Advertising in a research report on Tuesday, December 16th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $133.00.

Lamar Advertising Stock Performance

Shares of NASDAQ LAMR opened at $127.19 on Thursday. Lamar Advertising Company has a 12-month low of $99.84 and a 12-month high of $134.63. The company has a market cap of $12.88 billion, a PE ratio of 29.86 and a beta of 1.23. The stock has a 50 day simple moving average of $127.53 and a 200-day simple moving average of $124.66. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.04.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Thursday, November 6th. The real estate investment trust reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.06. Lamar Advertising had a return on equity of 43.02% and a net margin of 19.27%.The firm had revenue of $585.54 million for the quarter, compared to the consensus estimate of $584.00 million. On average, equities research analysts forecast that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were issued a $1.55 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $6.20 annualized dividend and a yield of 4.9%. Lamar Advertising’s dividend payout ratio is presently 145.54%.

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.