Louisiana State Employees Retirement System Invests $3.19 Million in Lamar Advertising Company $LAMR

Louisiana State Employees Retirement System acquired a new stake in shares of Lamar Advertising Company (NASDAQ:LAMR) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 25,200 shares of the real estate investment trust’s stock, valued at approximately $3,192,000.

A number of other large investors also recently modified their holdings of LAMR. Sivia Capital Partners LLC purchased a new stake in Lamar Advertising in the 2nd quarter worth $510,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Lamar Advertising by 250.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 47,604 shares of the real estate investment trust’s stock valued at $5,777,000 after acquiring an additional 34,002 shares in the last quarter. Amundi boosted its stake in shares of Lamar Advertising by 224.6% in the second quarter. Amundi now owns 2,048 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 1,417 shares during the period. Gamco Investors INC. ET AL bought a new position in shares of Lamar Advertising in the second quarter worth about $873,000. Finally, Cerity Partners LLC grew its position in shares of Lamar Advertising by 39.0% during the second quarter. Cerity Partners LLC now owns 37,166 shares of the real estate investment trust’s stock worth $4,510,000 after purchasing an additional 10,423 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley set a $145.00 target price on Lamar Advertising in a research note on Thursday, May 7th. Wells Fargo & Company increased their price objective on shares of Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. TD Cowen lifted their price objective on shares of Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. 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, Lamar Advertising presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Lamar Advertising Stock Performance

NASDAQ LAMR opened at $156.00 on Friday. 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 1-year low of $113.66 and a 1-year high of $158.69. The business has a 50 day simple moving average of $147.28 and a two-hundred day simple moving average of $136.29. The stock has a market capitalization of $15.83 billion, a PE ratio of 28.78 and a beta of 1.20.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.18. The business 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%. On average, research analysts predict that Lamar Advertising Company will post 8.41 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $1.60 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $6.40 dividend on an annualized basis and a yield of 4.1%. Lamar Advertising’s dividend payout ratio is presently 118.08%.

Lamar Advertising 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.