SPC Financial Inc. Trims Position in Lamar Advertising Company $LAMR

SPC Financial Inc. cut its position in Lamar Advertising Company (NASDAQ:LAMR) by 4.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,560 shares of the real estate investment trust’s stock after selling 182 shares during the period. SPC Financial Inc.’s holdings in Lamar Advertising were worth $432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. 1248 Management LLC bought a new stake in Lamar Advertising in the 1st quarter valued at $26,000. Ameritas Advisory Services LLC bought a new stake in Lamar Advertising in the 2nd quarter valued at $28,000. Golden State Wealth Management LLC bought a new stake in Lamar Advertising in the 1st quarter valued at $28,000. HHM Wealth Advisors LLC increased its holdings in Lamar Advertising by 26,900.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 269 shares during the last quarter. Finally, Truvestments Capital LLC increased its holdings in Lamar Advertising by 79.5% in the 1st quarter. Truvestments Capital LLC now owns 316 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 140 shares during the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lamar Advertising

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $124.28, for a total transaction of $2,734,160.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 14.99% of the company’s stock.

Lamar Advertising Stock Performance

Shares of NASDAQ:LAMR opened at $117.32 on Monday. Lamar Advertising Company has a 52 week low of $99.84 and a 52 week high of $139.88. The stock has a market capitalization of $11.88 billion, a P/E ratio of 27.28 and a beta of 1.37. The firm has a fifty day simple moving average of $123.73 and a two-hundred day simple moving average of $119.92. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.45.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.74. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. The business had revenue of $579.31 million during the quarter, compared to analysts’ expectations of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. On average, analysts expect that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were paid a dividend of $1.55 per share. The ex-dividend date of this dividend was Friday, September 19th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.3%. Lamar Advertising’s payout ratio is currently 144.19%.

Analysts Set New Price Targets

LAMR has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating on the stock in a report on Monday, August 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lamar Advertising in a report on Wednesday, October 8th. Morgan Stanley lifted their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Finally, Wells Fargo & Company reduced their price target on shares of Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.20.

About Lamar Advertising

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.