Syon Capital LLC Purchases 3,930 Shares of Lamar Advertising Company $LAMR

Syon Capital LLC lifted its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 161.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,369 shares of the real estate investment trust’s stock after purchasing an additional 3,930 shares during the quarter. Syon Capital LLC’s holdings in Lamar Advertising were worth $806,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LAMR. Sivia Capital Partners LLC bought a new position in shares of Lamar Advertising during the second quarter worth $510,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Lamar Advertising by 250.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 47,604 shares of the real estate investment trust’s stock worth $5,777,000 after purchasing an additional 34,002 shares in the last quarter. Amundi boosted its position in shares of Lamar Advertising by 224.6% during the second quarter. Amundi now owns 2,048 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 1,417 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in shares of Lamar Advertising during the second quarter worth $873,000. Finally, Cerity Partners LLC boosted 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 purchasing an additional 10,423 shares in the last quarter. 93.78% of the stock is owned by institutional investors.

Lamar Advertising Trading Up 0.6%

LAMR opened at $150.54 on Wednesday. The stock has a market capitalization of $15.28 billion, a P/E ratio of 27.77 and a beta of 1.20. Lamar Advertising Company has a 12 month low of $113.66 and a 12 month high of $158.69. The firm’s fifty day simple moving average is $141.46 and its 200 day simple moving average is $134.46. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.33.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, beating the consensus estimate of $0.82 by $0.18. The business had revenue of $528.00 million for the quarter, compared to analysts’ expectations of $522.86 million. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. As a group, research analysts anticipate that Lamar Advertising Company will post 8.41 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $1.60 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $6.40 annualized dividend and a yield of 4.3%. Lamar Advertising’s payout ratio is 118.08%.

Insider Buying and Selling

In other Lamar Advertising news, EVP Ross Lamar Reilly sold 5,969 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $128.65, for a total transaction of $767,911.85. Following the sale, the executive vice president directly owned 15,850 shares of the company’s stock, valued at $2,039,102.50. The trade was a 27.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 15.24% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LAMR. Wells Fargo & Company lifted their price target on shares of Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research 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 shares of Lamar Advertising in a research report on Thursday, May 7th. UBS Group set a $150.00 price objective on shares of Lamar Advertising in a research report on Monday, February 23rd. Finally, TD Cowen boosted their price objective on shares of Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lamar Advertising currently has an average rating of “Moderate Buy” and a consensus price target of $148.00.

About Lamar Advertising

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.