Mangrove Partners IM LLC Invests $989,000 in Lamar Advertising Company $LAMR

Mangrove Partners IM LLC purchased a new position in Lamar Advertising Company (NASDAQ:LAMR) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 7,816 shares of the real estate investment trust’s stock, valued at approximately $989,000.

A number of other institutional investors also recently made changes to their positions in the stock. Boston Partners raised its holdings in shares of Lamar Advertising by 2.0% in 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 during the last quarter. Geode Capital Management LLC raised its holdings in shares of Lamar Advertising by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 2,382,137 shares of the real estate investment trust’s stock worth $301,573,000 after acquiring an additional 32,542 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Lamar Advertising by 23.9% in the third quarter. Northern Trust Corp now owns 1,629,554 shares of the real estate investment trust’s stock worth $199,490,000 after acquiring an additional 314,235 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Lamar Advertising by 7.6% in the third quarter. AQR Capital Management LLC now owns 1,587,887 shares of the real estate investment trust’s stock worth $193,166,000 after acquiring an additional 112,362 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Lamar Advertising by 13.8% in the third quarter. Daiwa Securities Group Inc. now owns 1,478,299 shares of the real estate investment trust’s stock worth $180,973,000 after acquiring an additional 178,880 shares during the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lamar Advertising

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 stock was sold at an average price of $128.65, for a total transaction of $767,911.85. Following the completion of the sale, the executive vice president owned 15,850 shares of the company’s stock, valued at approximately $2,039,102.50. The trade was a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 15.24% of the company’s stock.

Lamar Advertising Price Performance

LAMR stock opened at $150.99 on Wednesday. The stock has a 50-day moving average price of $144.09 and a two-hundred day moving average price of $135.21. 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 company has a market cap of $15.32 billion, a PE ratio of 27.86 and a beta of 1.20.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $528.00 million during the quarter, compared to the consensus estimate of $522.86 million. As a group, research analysts predict that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Dividend Announcement

The company 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. This represents a $6.40 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Lamar Advertising’s payout ratio is 118.08%.

Analyst Upgrades and Downgrades

Several research firms recently commented on LAMR. Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. Wells Fargo & Company upped 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. Morgan Stanley set a $145.00 target price on Lamar Advertising in a research note on Thursday, May 7th. UBS Group set a $150.00 target price on Lamar Advertising in a research note on Monday, February 23rd. Finally, TD Cowen upped their target price on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Lamar Advertising has an average rating of “Moderate Buy” and an average target price 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.