Corient Private Wealth LLC Buys 13,604 Shares of Lamar Advertising Company $LAMR

Corient Private Wealth LLC lifted its stake in Lamar Advertising Company (NASDAQ:LAMR) by 114.6% in the 4th quarter, HoldingsChannel reports. The firm owned 25,471 shares of the real estate investment trust’s stock after buying an additional 13,604 shares during the quarter. Corient Private Wealth LLC’s holdings in Lamar Advertising were worth $3,224,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Tucker Asset Management LLC purchased a new position in shares of Lamar Advertising during the fourth quarter valued at about $25,000. Sound Income Strategies LLC lifted its holdings in Lamar Advertising by 151.0% in the fourth quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 151 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Lamar Advertising during the 3rd quarter valued at approximately $33,000. Beacon Financial Strategies CORP bought a new stake in Lamar Advertising during the 4th quarter valued at approximately $35,000. Finally, Larson Financial Group LLC boosted its position in 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 valued at $40,000 after acquiring an additional 103 shares in the last quarter. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Trading Up 1.1%

Shares of NASDAQ LAMR opened at $156.00 on Friday. Lamar Advertising Company has a 1 year low of $113.66 and a 1 year high of $158.69. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a 50-day moving average of $147.28 and a 200 day moving average of $136.29. The stock has a market cap of $15.83 billion, a P/E ratio of 28.78 and a beta of 1.20.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.18. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. The business had revenue of $528.00 million for the quarter, compared to analysts’ expectations of $522.86 million. As a group, sell-side analysts expect that Lamar Advertising Company will post 8.41 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $1.60 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $6.40 annualized dividend and a dividend yield of 4.1%. Lamar Advertising’s dividend payout ratio is presently 118.08%.

Wall Street Analysts Forecast Growth

LAMR has been the subject of several research reports. Wells Fargo & Company increased their target price on 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 lifted 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. Morgan Stanley set a $145.00 price target on Lamar Advertising in a research note on Thursday, May 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Three 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.00.

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.