Lamar Advertising Company $LAMR Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 56.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,496 shares of the real estate investment trust’s stock after selling 3,270 shares during the period. Park Avenue Securities LLC’s holdings in Lamar Advertising were worth $360,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Viewpoint Investment Partners Corp raised its position in Lamar Advertising by 19.2% in the third quarter. Viewpoint Investment Partners Corp now owns 3,100 shares of the real estate investment trust’s stock worth $447,000 after acquiring an additional 500 shares during the period. Hedeker Wealth LLC boosted its stake in shares of Lamar Advertising by 0.6% during the 3rd quarter. Hedeker Wealth LLC now owns 18,238 shares of the real estate investment trust’s stock worth $2,628,000 after acquiring an additional 101 shares during the last quarter. Provident Investment Management Inc. boosted its stake in shares of Lamar Advertising by 2.3% during the 3rd quarter. Provident Investment Management Inc. now owns 6,230 shares of the real estate investment trust’s stock worth $898,000 after acquiring an additional 140 shares during the last quarter. MBL Wealth LLC bought a new stake in shares of Lamar Advertising during the 3rd quarter valued at $380,000. Finally, Royal Fund Management LLC grew its position in shares of Lamar Advertising by 3.0% during the 3rd quarter. Royal Fund Management LLC now owns 47,703 shares of the real estate investment trust’s stock valued at $6,874,000 after acquiring an additional 1,394 shares during the period. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Insiders Place Their Bets

In other Lamar Advertising news, Director Thomas Reifenheiser sold 8,099 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $149.03, for a total value of $1,206,993.97. Following the completion of the transaction, the director directly owned 36,387 shares in the company, valued at $5,422,754.61. This represents a 18.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 15.24% of the stock is owned by insiders.

More Lamar Advertising News

Here are the key news stories impacting Lamar Advertising this week:

• Positive Sentiment: Q3 funds from operations beat estimates. FFO was $2.41 per share, above the $2.36 consensus and up from $2.20 a year earlier. Revenue reached $624.5 million, slightly topping estimates, while adjusted EBITDA was $306.9 million. Zacks article: Lamar beats Q3 FFO and revenue estimates
• Positive Sentiment: Management raised its full-year AFFO outlook. The company’s 2026 AFFO guidance increased to $8.97 per share. An outside analysis also highlighted 9.5% year-over-year AFFO growth and resilient local advertising demand as supportive factors. Lamar raises 2026 AFFO outlook
• Neutral Sentiment: Wells Fargo raised its price target from $156 to $158 but maintained an “equal weight” rating. The new target suggests limited upside from the reported $155.98 price, tempering the otherwise favorable earnings and guidance news. Wells Fargo recommendations

Lamar Advertising Price Performance

Shares of Lamar Advertising stock opened at $155.99 on Friday. The company has a market capitalization of $15.84 billion, a price-to-earnings ratio of 27.51 and a beta of 1.23. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.29. The stock’s 50-day simple moving average is $149.76 and its 200-day simple moving average is $145.35. Lamar Advertising Company has a 52 week low of $120.54 and a 52 week high of $166.33.

Lamar Advertising (NASDAQ:LAMR) last released its earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.58. The firm had revenue of $616.75 million during the quarter, compared to analysts’ expectations of $606.61 million. Lamar Advertising had a return on equity of 57.57% and a net margin of 24.36%. As a group, analysts expect that Lamar Advertising Company will post 8.40 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued a $1.65 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $6.60 dividend on an annualized basis and a yield of 4.2%. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.60. Lamar Advertising’s payout ratio is presently 120.44%.

Analyst Upgrades and Downgrades

LAMR has been the subject of several analyst reports. Wells Fargo & Company upped their price objective on Lamar Advertising from $156.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Friday. Morgan Stanley set a $170.00 target price on Lamar Advertising in a report on Friday, August 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a research report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. boosted their price target on Lamar Advertising from $153.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $161.33.

Lamar Advertising Company Profile

Lamar Advertising Company is an out-of-home advertising company that provides businesses and organizations with ways to reach audiences beyond traditional media. Its offerings include billboard advertising, highway logo signs that direct travelers to nearby businesses and services, and transit advertising on vehicles and in transit-related locations.

The company traces its origins to 1902 and is headquartered in Baton Rouge, Louisiana. It serves advertisers across the United States and Canada, with local operations supporting campaigns in markets throughout its service area.

Lamar is led by Chief Executive Officer Sean Reilly.