Danske Bank A S Cuts Stake in Lamar Advertising Company $LAMR

Danske Bank A S lessened its stake in shares of Lamar Advertising Company (NASDAQ:LAMR) by 92.2% in the 4th quarter, Holdings Channel reports. The firm owned 900 shares of the real estate investment trust’s stock after selling 10,683 shares during the period. Danske Bank A S’s holdings in Lamar Advertising were worth $114,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LAMR. M&T Bank Corp increased its stake in Lamar Advertising by 12,278.7% during the 4th quarter. M&T Bank Corp now owns 1,147,876 shares of the real estate investment trust’s stock worth $145,298,000 after buying an additional 1,138,603 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Lamar Advertising by 123.8% in the second quarter. AQR Capital Management LLC now owns 1,475,525 shares of the real estate investment trust’s stock valued at $177,152,000 after acquiring an additional 816,217 shares in the last quarter. Egerton Capital UK LLP purchased a new position in shares of Lamar Advertising in the third quarter valued at approximately $88,615,000. Invesco Ltd. boosted its stake in shares of Lamar Advertising by 97.8% in the third quarter. Invesco Ltd. now owns 991,990 shares of the real estate investment trust’s stock worth $121,439,000 after acquiring an additional 490,463 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of 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 worth $199,490,000 after acquiring an additional 314,235 shares during the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Price Performance

LAMR opened at $141.15 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.10. The firm has a market cap of $14.30 billion, a price-to-earnings ratio of 24.46 and a beta of 1.18. The stock’s 50-day moving average price is $132.88 and its 200 day moving average price is $129.65. Lamar Advertising Company has a 12-month low of $112.00 and a 12-month high of $142.39.

Lamar Advertising (NASDAQ:LAMR) last released its earnings results on Friday, February 20th. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.68). The company had revenue of $595.93 million during the quarter, compared to analysts’ expectations of $592.70 million. Lamar Advertising had a net margin of 25.91% and a return on equity of 58.58%. Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. As a group, sell-side analysts expect that Lamar Advertising Company will post 8.23 earnings per share for the current year.

Lamar Advertising Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a dividend of $1.60 per share. The ex-dividend date was Monday, March 16th. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.55. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.5%. Lamar Advertising’s payout ratio is currently 110.92%.

Analyst Upgrades and Downgrades

LAMR has been the subject of several recent research reports. UBS Group set a $150.00 price objective on Lamar Advertising in a research note on Monday, February 23rd. Weiss Ratings raised shares of Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday, February 23rd. TD Cowen reiterated a “buy” rating on shares of Lamar Advertising in a research report on Monday, February 23rd. Finally, Wells Fargo & Company raised their price target on shares of Lamar Advertising from $121.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $139.80.

Insiders Place Their Bets

In other Lamar Advertising news, EVP Ross Lamar Reilly sold 5,969 shares of the 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 sale, the executive vice president directly owned 15,850 shares of the company’s stock, valued at approximately $2,039,102.50. This represents a 27.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 15.24% of the stock is currently owned by company insiders.

About Lamar Advertising

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.