Hamlin Capital Management LLC Has $174.45 Million Position in Lamar Advertising Company $LAMR

Hamlin Capital Management LLC boosted its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 6.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,425,045 shares of the real estate investment trust’s stock after buying an additional 86,626 shares during the period. Lamar Advertising makes up approximately 4.0% of Hamlin Capital Management LLC’s investment portfolio, making the stock its 10th largest position. Hamlin Capital Management LLC owned about 1.41% of Lamar Advertising worth $174,454,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its stake in Lamar Advertising by 31.4% in the third quarter. Nisa Investment Advisors LLC now owns 45,951 shares of the real estate investment trust’s stock valued at $5,625,000 after acquiring an additional 10,982 shares during the last quarter. Assetmark Inc. raised its position in Lamar Advertising by 31.3% during the third quarter. Assetmark Inc. now owns 102,270 shares of the real estate investment trust’s stock valued at $12,520,000 after purchasing an additional 24,391 shares in the last quarter. Gateway Investment Advisers LLC lifted its stake in Lamar Advertising by 89.4% during the third quarter. Gateway Investment Advisers LLC now owns 74,254 shares of the real estate investment trust’s stock worth $9,090,000 after purchasing an additional 35,048 shares during the last quarter. Creative Planning lifted its stake in Lamar Advertising by 22.0% during the second quarter. Creative Planning now owns 16,087 shares of the real estate investment trust’s stock worth $1,952,000 after purchasing an additional 2,905 shares during the last quarter. Finally, Markel Group Inc. boosted its holdings in shares of Lamar Advertising by 7.6% in the 3rd quarter. Markel Group Inc. now owns 170,000 shares of the real estate investment trust’s stock valued at $20,811,000 after purchasing an additional 12,000 shares in the last quarter. 93.78% of the stock is owned by institutional investors.

Lamar Advertising Trading Up 0.2%

Shares of LAMR stock opened at $134.14 on Monday. The firm has a market capitalization of $13.59 billion, a P/E ratio of 23.25 and a beta of 1.21. Lamar Advertising Company has a twelve month low of $99.84 and a twelve month high of $139.76. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.10. The stock’s fifty day simple moving average is $132.01 and its 200 day simple moving average is $127.71.

Lamar Advertising (NASDAQ:LAMR) last issued 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 firm had revenue of $595.93 million during the quarter, compared to analyst estimates of $592.70 million. Lamar Advertising had a return on equity of 58.58% and a net margin of 25.91%.Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. As a group, sell-side analysts predict that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $1.60 dividend. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.55. This represents a $6.40 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, March 16th. Lamar Advertising’s payout ratio is currently 107.45%.

Wall Street Analysts Forecast Growth

LAMR has been the subject of several recent analyst reports. Morgan Stanley set a $140.00 price objective on Lamar Advertising in a research report on Tuesday, December 16th. Weiss Ratings raised Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research note on Monday, February 23rd. TD Cowen reissued a “buy” rating on shares of Lamar Advertising in a report on Monday, February 23rd. UBS Group set a $150.00 price target on shares of Lamar Advertising in a research note on Monday, February 23rd. Finally, Wells Fargo & Company upped their price objective on shares of Lamar Advertising from $121.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $139.80.

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.