Lamar Advertising Company $LAMR Shares Sold by Hamlin Capital Management LLC

Hamlin Capital Management LLC lowered its stake in Lamar Advertising Company (NASDAQ:LAMR) by 2.9% during the second quarter, Holdings Channel.com reports. The fund owned 1,340,213 shares of the real estate investment trust’s stock after selling 40,454 shares during the quarter. Lamar Advertising comprises 4.7% of Hamlin Capital Management LLC’s investment portfolio, making the stock its 3rd biggest position. Hamlin Capital Management LLC’s holdings in Lamar Advertising were worth $209,046,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tucker Asset Management LLC acquired a new position in Lamar Advertising during the fourth quarter worth $25,000. Sound Income Strategies LLC increased its stake in shares of 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 purchasing an additional 151 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Lamar Advertising during the 3rd quarter worth about $33,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Lamar Advertising during the 3rd quarter worth about $39,000. Finally, Larson Financial Group LLC lifted its stake in Lamar Advertising by 48.1% in the 4th quarter. Larson Financial Group LLC now owns 317 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LAMR shares. TD Cowen boosted their price objective on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Wells Fargo & Company raised their target price on Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $153.00 price target on shares of Lamar Advertising in a research note on Wednesday, July 22nd. Citigroup cut Lamar Advertising from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $145.00 to $160.00 in a research report on Friday, July 10th. Finally, Morgan Stanley set a $145.00 price objective on Lamar Advertising in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $154.67.

Lamar Advertising Stock Down 0.5%

NASDAQ LAMR opened at $158.18 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.33. The firm has a market cap of $16.05 billion, a PE ratio of 29.18 and a beta of 1.19. The business’s fifty day simple moving average is $155.93 and its 200-day simple moving average is $142.50. Lamar Advertising Company has a 52 week low of $113.66 and a 52 week high of $166.33.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results 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. The business had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $522.86 million. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%. As a group, equities 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 announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a $1.60 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $6.40 dividend on an annualized basis and a yield of 4.0%. Lamar Advertising’s payout ratio is presently 118.08%.

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.