179,370 Shares in Lamar Advertising Company $LAMR Acquired by Arbejdsmarkedets Tillaegspension

Arbejdsmarkedets Tillaegspension purchased a new stake in Lamar Advertising Company (NASDAQ:LAMR) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 179,370 shares of the real estate investment trust’s stock, valued at approximately $22,705,000.

Several other hedge funds and other institutional investors also recently modified their holdings of LAMR. Boston Partners boosted its stake in Lamar Advertising by 2.0% during the third quarter. Boston Partners now owns 2,384,715 shares of the real estate investment trust’s stock worth $291,928,000 after acquiring an additional 46,361 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Lamar Advertising by 23.9% in the 3rd 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 in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Lamar Advertising by 7.6% in the 3rd 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 in the last quarter. Daiwa Securities Group Inc. boosted its stake in Lamar Advertising by 13.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 1,478,299 shares of the real estate investment trust’s stock worth $180,973,000 after purchasing an additional 178,880 shares in the last quarter. Finally, Hamlin Capital Management LLC increased its holdings in Lamar Advertising by 6.5% in the 3rd quarter. Hamlin Capital Management LLC now owns 1,425,045 shares of the real estate investment trust’s stock worth $174,454,000 after acquiring an additional 86,626 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Insider Activity

In other news, EVP Ross Lamar Reilly sold 5,969 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $128.65, for a total value of $767,911.85. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this link. 15.24% of the stock is owned by corporate insiders.

Lamar Advertising Stock Down 1.3%

LAMR stock opened at $145.54 on Friday. The stock has a market capitalization of $14.77 billion, a P/E ratio of 26.85 and a beta of 1.18. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.58 and a quick ratio of 0.58. Lamar Advertising Company has a fifty-two week low of $113.05 and a fifty-two week high of $158.69. The business has a 50-day moving average of $134.65 and a 200-day moving average of $131.03.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.18. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%.The company had revenue of $528.00 million for the quarter, compared to analyst estimates of $522.86 million. On average, sell-side analysts anticipate that Lamar Advertising Company will post 8.24 earnings per share for the current fiscal year.

Lamar Advertising Announces Dividend

The business 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 $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, June 16th. Lamar Advertising’s payout ratio is 118.08%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group set a $150.00 target price on shares of Lamar Advertising in a research note on Monday, February 23rd. TD Cowen lifted their price target on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings raised Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, February 23rd. Wells Fargo & Company raised their target price on Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Finally, Morgan Stanley set a $145.00 target price on Lamar Advertising in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.