Lamar Advertising Company $LAMR Shares Bought by Kera Capital Partners Inc.

Kera Capital Partners Inc. raised its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 96.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,962 shares of the real estate investment trust’s stock after buying an additional 3,426 shares during the quarter. Kera Capital Partners Inc.’s holdings in Lamar Advertising were worth $893,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Tucker Asset Management LLC purchased a new position in shares of Lamar Advertising in the fourth quarter worth about $25,000. Sound Income Strategies LLC boosted its position in Lamar Advertising by 151.0% during the fourth quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 151 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Lamar Advertising during the 3rd quarter valued at about $33,000. Beacon Financial Strategies CORP purchased a new stake in Lamar Advertising during the 4th quarter valued at about $35,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Lamar Advertising in the 3rd quarter valued at about $39,000. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group set a $150.00 target price on shares of Lamar Advertising in a research note on Monday, February 23rd. TD Cowen upped their price target on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Wells Fargo & Company increased their price target on Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a research report on Friday, May 22nd. Finally, Morgan Stanley set a $145.00 price objective on Lamar Advertising in a research note 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

Lamar Advertising Price Performance

Lamar Advertising stock opened at $149.65 on Friday. 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 has a 50-day moving average price of $144.93 and a 200 day moving average price of $135.45. Lamar Advertising Company has a 12-month low of $113.66 and a 12-month high of $158.69. The stock has a market cap of $15.18 billion, a P/E ratio of 27.61 and a beta of 1.20.

Lamar Advertising (NASDAQ:LAMR) last posted its earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.18. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. The company had revenue of $528.00 million for the quarter, compared to analyst estimates of $522.86 million. Sell-side analysts anticipate that Lamar Advertising Company will post 8.41 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Lamar Advertising’s payout ratio is presently 118.08%.

Insider Buying and Selling

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 stock was 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 15.24% of the company’s stock.

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.