Pensionfund DSM Netherlands Purchases 6,300 Shares of Lamar Advertising Company $LAMR

Pensionfund DSM Netherlands lifted its position in Lamar Advertising Company (NASDAQ:LAMR) by 76.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,500 shares of the real estate investment trust’s stock after purchasing an additional 6,300 shares during the quarter. Pensionfund DSM Netherlands’ holdings in Lamar Advertising were worth $1,650,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Hamlin Capital Management LLC increased its holdings in shares of Lamar Advertising by 3.4% in the first quarter. Hamlin Capital Management LLC now owns 1,311,526 shares of the real estate investment trust’s stock worth $149,225,000 after purchasing an additional 43,081 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Lamar Advertising by 0.4% in the first quarter. Northern Trust Corp now owns 1,282,892 shares of the real estate investment trust’s stock worth $145,967,000 after purchasing an additional 4,495 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Lamar Advertising by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,109,668 shares of the real estate investment trust’s stock worth $126,258,000 after acquiring an additional 7,426 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Lamar Advertising by 5.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 917,833 shares of the real estate investment trust’s stock worth $104,431,000 after acquiring an additional 50,004 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in Lamar Advertising by 4.3% in the first quarter. HighTower Advisors LLC now owns 674,089 shares of the real estate investment trust’s stock worth $76,698,000 after acquiring an additional 27,823 shares in the last quarter. 93.78% of the stock is owned by institutional investors.

Lamar Advertising Stock Down 0.9%

Shares of NASDAQ:LAMR opened at $127.60 on Friday. Lamar Advertising Company has a 1 year low of $99.84 and a 1 year high of $139.88. The business has a 50 day simple moving average of $124.38 and a two-hundred day simple moving average of $119.14. The firm has a market capitalization of $12.92 billion, a PE ratio of 29.67 and a beta of 1.38. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.58 and a quick ratio of 0.58.

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

Lamar Advertising Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, September 19th. Lamar Advertising’s payout ratio is currently 144.19%.

Analyst Upgrades and Downgrades

Several research firms recently commented on LAMR. JPMorgan Chase & Co. dropped their price target on Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating for the company in a research report on Monday, August 11th. Citigroup upgraded Lamar Advertising from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $114.00 to $135.00 in a research report on Thursday, May 29th. Morgan Stanley lifted their price target on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Finally, Wells Fargo & Company dropped their price target on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating for the company in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $134.20.

Insider Activity

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $124.28, for a total value of $2,734,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 14.99% of the company’s stock.

Lamar Advertising Profile

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.