Strs Ohio Buys 30,573 Shares of Lamar Advertising Company $LAMR

Strs Ohio lifted its stake in Lamar Advertising Company (NASDAQ:LAMR) by 85.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 66,468 shares of the real estate investment trust’s stock after buying an additional 30,573 shares during the period. Strs Ohio’s holdings in Lamar Advertising were worth $8,414,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Boston Partners lifted its stake in shares of Lamar Advertising by 2.0% in the third quarter. Boston Partners now owns 2,384,715 shares of the real estate investment trust’s stock valued at $291,928,000 after buying an additional 46,361 shares during the period. Northern Trust Corp lifted its stake in shares of Lamar Advertising by 23.9% in the third quarter. Northern Trust Corp now owns 1,629,554 shares of the real estate investment trust’s stock valued at $199,490,000 after buying an additional 314,235 shares during the period. AQR Capital Management LLC lifted its stake in shares of Lamar Advertising by 7.6% in the third quarter. AQR Capital Management LLC now owns 1,587,887 shares of the real estate investment trust’s stock valued at $193,166,000 after buying an additional 112,362 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Lamar Advertising by 13.8% in the third quarter. Daiwa Securities Group Inc. now owns 1,478,299 shares of the real estate investment trust’s stock valued at $180,973,000 after buying an additional 178,880 shares during the period. Finally, Hamlin Capital Management LLC lifted its stake in shares of Lamar Advertising by 6.5% in the third quarter. Hamlin Capital Management LLC now owns 1,425,045 shares of the real estate investment trust’s stock valued at $174,454,000 after buying an additional 86,626 shares during the period. Institutional investors own 93.78% of the company’s stock.

Insider Activity

In other news, EVP Ross Lamar Reilly sold 5,969 shares of Lamar Advertising stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $128.65, for a total value of $767,911.85. Following the completion of the transaction, the executive vice president owned 15,850 shares in the company, valued at approximately $2,039,102.50. The trade was a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 15.24% of the company’s stock.

Lamar Advertising Stock Down 0.6%

Shares of LAMR opened at $139.53 on Tuesday. The stock has a market cap of $14.14 billion, a price-to-earnings ratio of 24.18 and a beta of 1.18. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.10. Lamar Advertising Company has a 12 month low of $112.00 and a 12 month high of $141.57. The company has a 50-day moving average price of $132.61 and a two-hundred day moving average price of $129.37.

Lamar Advertising (NASDAQ:LAMR) last posted 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). Lamar Advertising had a net margin of 25.91% and a return on equity of 58.58%. The firm had revenue of $595.93 million during the quarter, compared to the consensus estimate of $592.70 million. Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. Equities analysts predict that Lamar Advertising Company will post 8.23 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.6%. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.55. The ex-dividend date was Monday, March 16th. Lamar Advertising’s dividend payout ratio is presently 110.92%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LAMR. TD Cowen restated a “buy” rating on shares of Lamar Advertising in a research note 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. Weiss Ratings upgraded shares of Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research note on Monday, February 23rd. Finally, Wells Fargo & Company raised their price target on shares of Lamar Advertising from $121.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 24th. 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 company presently has an average rating of “Moderate Buy” and a consensus 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.