Kera Capital Partners Inc. Raises Stock Position in Lamar Advertising Company $LAMR

Kera Capital Partners Inc. boosted its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 96.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,962 shares of the real estate investment trust’s stock after purchasing an additional 3,426 shares during the period. Kera Capital Partners Inc.’s holdings in Lamar Advertising were worth $893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in LAMR. Tucker Asset Management LLC acquired a new stake in Lamar Advertising during the 4th quarter worth about $25,000. Sound Income Strategies LLC lifted its holdings in shares of Lamar Advertising by 151.0% in the 4th quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 151 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Lamar Advertising in the 3rd quarter valued at about $33,000. Beacon Financial Strategies CORP purchased a new stake in shares of Lamar Advertising in the fourth quarter worth about $35,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Lamar Advertising in the third quarter worth about $39,000. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Trading Up 0.4%

LAMR stock opened at $149.65 on Friday. The company’s 50-day simple moving average is $144.93 and its 200-day simple moving average is $135.45. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.33. Lamar Advertising Company has a 52-week low of $113.66 and a 52-week high of $158.69. The firm has a market cap of $15.18 billion, a P/E ratio of 27.61 and a beta of 1.20.

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, beating analysts’ consensus estimates of $0.82 by $0.18. The firm had revenue of $528.00 million for the quarter, compared to analysts’ expectations of $522.86 million. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%. As a group, equities analysts forecast that Lamar Advertising Company will post 8.41 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

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 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Lamar Advertising’s dividend payout ratio (DPR) is presently 118.08%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Morgan Stanley set a $145.00 price target on Lamar Advertising in a research report on Thursday, May 7th. UBS Group set a $150.00 price objective on Lamar Advertising in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. Wells Fargo & Company raised their price objective on shares of Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Finally, TD Cowen lifted their target price 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. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $148.00.

Insider Activity at Lamar Advertising

In other news, EVP Ross Lamar Reilly sold 5,969 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $128.65, for a total value of $767,911.85. Following the completion of the sale, the executive vice president directly owned 15,850 shares in the company, valued at $2,039,102.50. The trade was a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 15.24% of the stock is owned by company insiders.

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.