CI Investments Inc. Sells 7,457 Shares of Lamar Advertising Company $LAMR

CI Investments Inc. lessened its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 3.0% in the third quarter, Holdings Channel reports. The institutional investor owned 237,636 shares of the real estate investment trust’s stock after selling 7,457 shares during the period. CI Investments Inc.’s holdings in Lamar Advertising were worth $29,091,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LAMR. True Wealth Design LLC grew its position in shares of Lamar Advertising by 466.7% during the 2nd quarter. True Wealth Design LLC now owns 204 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 168 shares during the period. Quent Capital LLC purchased a new position in Lamar Advertising in the third quarter worth $26,000. Alpine Bank Wealth Management purchased a new stake in shares of Lamar Advertising during the 3rd quarter worth approximately $27,000. Loomis Sayles & Co. L P purchased a new stake in shares of Lamar Advertising during the 2nd quarter valued at approximately $34,000. Finally, Caldwell Trust Co bought a new position in Lamar Advertising in the 2nd quarter valued at $49,000. 93.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on LAMR. TD Cowen restated a “buy” rating on shares of Lamar Advertising in a research report on Monday, February 23rd. Weiss Ratings upgraded shares of Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, February 23rd. Wells Fargo & Company upped their target price on shares of Lamar Advertising from $121.00 to $136.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 24th. Citigroup upped their price target on shares of Lamar Advertising from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, UBS Group set a $150.00 price target on shares of Lamar Advertising in a report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Lamar Advertising presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.80.

Lamar Advertising Stock Down 0.1%

Shares of LAMR stock opened at $139.08 on Wednesday. The stock has a market cap of $14.09 billion, a P/E ratio of 24.10 and a beta of 1.21. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.10. The stock has a 50 day moving average of $130.45 and a 200 day moving average of $127.04. Lamar Advertising Company has a twelve month low of $99.84 and a twelve month high of $139.69.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Friday, February 20th. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($0.68). Lamar Advertising had a net margin of 25.91% and a return on equity of 58.58%. The company had revenue of $595.93 million during the quarter, compared to analyst estimates of $592.70 million. Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. As a group, sell-side analysts expect that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a dividend of $1.60 per share. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.55. The ex-dividend date of this dividend is Monday, March 16th. This represents a $6.40 dividend on an annualized basis and a yield of 4.6%. Lamar Advertising’s dividend payout ratio (DPR) is presently 107.45%.

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.