Patriot Financial Group Insurance Agency LLC Purchases 10,252 Shares of Lamar Advertising Company $LAMR

Patriot Financial Group Insurance Agency LLC increased its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 109.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,660 shares of the real estate investment trust’s stock after acquiring an additional 10,252 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Lamar Advertising were worth $2,490,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LAMR. Tucker Asset Management LLC bought a new position in Lamar Advertising in the fourth quarter worth approximately $25,000. Sound Income Strategies LLC boosted its position in Lamar Advertising by 151.0% during the 4th quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 151 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Lamar Advertising in the 3rd quarter valued at $33,000. Beacon Financial Strategies CORP purchased a new position in shares of Lamar Advertising in the 4th quarter valued at $35,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Lamar Advertising in the 3rd quarter worth $39,000. Institutional investors own 93.78% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a research report on Friday, May 22nd. Wells Fargo & Company boosted their target price on shares of Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. TD Cowen raised their price target on shares of Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Finally, Morgan Stanley set a $145.00 target price on shares of Lamar Advertising in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $148.00.

Lamar Advertising Stock Performance

LAMR opened at $156.00 on Monday. Lamar Advertising Company has a 12-month low of $113.66 and a 12-month high of $158.69. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.33. The firm has a market capitalization of $15.83 billion, a PE ratio of 28.78 and a beta of 1.20. The firm has a 50 day moving average of $147.28 and a two-hundred day moving average of $136.33.

Lamar Advertising (NASDAQ:LAMR) last posted its earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, topping the consensus estimate of $0.82 by $0.18. The firm had revenue of $528.00 million for the quarter, compared to analyst estimates of $522.86 million. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%. On average, analysts anticipate that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Lamar Advertising’s dividend payout ratio (DPR) is presently 118.08%.

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.