DAVENPORT & Co LLC Sells 122,997 Shares of Lamar Advertising Company $LAMR

DAVENPORT & Co LLC lessened its stake in shares of Lamar Advertising Company (NASDAQ:LAMR) by 10.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,099,588 shares of the real estate investment trust’s stock after selling 122,997 shares during the quarter. DAVENPORT & Co LLC’s holdings in Lamar Advertising were worth $139,266,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Partners grew 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 valued at $291,928,000 after acquiring an additional 46,361 shares in the last quarter. Northern Trust Corp lifted its stake in 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 worth $199,490,000 after purchasing an additional 314,235 shares in the last quarter. AQR Capital Management LLC boosted its holdings in 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 purchasing an additional 112,362 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Lamar Advertising by 13.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 1,478,299 shares of the real estate investment trust’s stock valued at $180,973,000 after purchasing an additional 178,880 shares in the last quarter. Finally, Hamlin Capital Management LLC grew its position in shares of Lamar Advertising by 6.5% during the 3rd quarter. Hamlin Capital Management LLC now owns 1,425,045 shares of the real estate investment trust’s stock valued at $174,454,000 after purchasing an additional 86,626 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors.

Lamar Advertising Price Performance

LAMR opened at $127.52 on Wednesday. The stock has a market capitalization of $12.92 billion, a P/E ratio of 22.10 and a beta of 1.21. The stock has a 50-day moving average price of $132.20 and a 200-day moving average price of $127.83. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.10. Lamar Advertising Company has a 12-month low of $99.84 and a 12-month high of $139.76.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings results on Friday, February 20th. The real estate investment trust reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.68). The business had revenue of $595.93 million for the quarter, compared to the consensus estimate of $592.70 million. Lamar Advertising had a net margin of 25.91% and a return on equity of 58.58%. Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. Equities analysts predict that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal 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 given a dividend of $1.60 per share. The ex-dividend date is Monday, March 16th. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.55. This represents a $6.40 annualized dividend and a yield of 5.0%. Lamar Advertising’s dividend payout ratio (DPR) is currently 110.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Weiss Ratings upgraded 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 Lamar Advertising from $121.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 24th. UBS Group set a $150.00 price target on Lamar Advertising in a research report on Monday, February 23rd. TD Cowen reissued a “buy” rating on shares of Lamar Advertising in a report on Monday, February 23rd. Finally, Morgan Stanley set a $140.00 price objective on shares of Lamar Advertising in a research report on Tuesday, December 16th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.80.

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.