Stephens Inc. AR Has $7.87 Million Stock Position in Lamar Advertising Company $LAMR

Stephens Inc. AR boosted its position in Lamar Advertising Company (NASDAQ:LAMR) by 44.4% during the 1st quarter, Holdings Channel reports. The fund owned 62,104 shares of the real estate investment trust’s stock after buying an additional 19,096 shares during the period. Stephens Inc. AR’s holdings in Lamar Advertising were worth $7,866,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LAMR. Sivia Capital Partners LLC acquired a new position in shares of Lamar Advertising during the second quarter worth approximately $510,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Lamar Advertising by 250.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 47,604 shares of the real estate investment trust’s stock valued at $5,777,000 after buying an additional 34,002 shares in the last quarter. Amundi lifted its stake in shares of Lamar Advertising by 224.6% in the second quarter. Amundi now owns 2,048 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 1,417 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of Lamar Advertising during the second quarter valued at about $873,000. Finally, Cerity Partners LLC increased its position in shares of Lamar Advertising by 39.0% during the second quarter. Cerity Partners LLC now owns 37,166 shares of the real estate investment trust’s stock worth $4,510,000 after acquiring an additional 10,423 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Stock Performance

Shares of Lamar Advertising stock traded up $2.45 during mid-day trading on Tuesday, hitting $160.46. 50,914 shares of the stock were exchanged, compared to its average volume of 590,672. Lamar Advertising Company has a 12 month low of $113.66 and a 12 month high of $160.80. The company has a 50-day simple moving average of $150.00 and a 200 day simple moving average of $137.52. The company has a market capitalization of $16.28 billion, a P/E ratio of 29.68 and a beta of 1.19. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.58 and a current ratio of 0.58.

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

Lamar Advertising Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a dividend of $1.60 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $6.40 annualized dividend and a dividend yield of 4.0%. Lamar Advertising’s dividend payout ratio (DPR) is currently 118.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a research report on Friday, May 22nd. Morgan Stanley set a $145.00 price objective on Lamar Advertising in a research note on Thursday, May 7th. Finally, TD Cowen lifted their price objective on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Lamar Advertising presently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

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.