Stephens Inc. AR Buys 19,096 Shares of Lamar Advertising Company $LAMR

Stephens Inc. AR raised its stake in Lamar Advertising Company (NASDAQ:LAMR) by 44.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 62,104 shares of the real estate investment trust’s stock after buying an additional 19,096 shares during the period. Stephens Inc. AR owned about 0.06% of Lamar Advertising worth $7,866,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LAMR. Tucker Asset Management LLC bought a new position in shares of Lamar Advertising during the fourth quarter worth about $25,000. Sound Income Strategies LLC increased 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 purchasing an additional 151 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Lamar Advertising during the 3rd quarter valued at approximately $33,000. Beacon Financial Strategies CORP bought a new position in Lamar Advertising during the 4th quarter worth approximately $35,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Lamar Advertising in the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

LAMR has been the subject of several recent analyst reports. TD Cowen increased their price objective on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Morgan Stanley set a $145.00 target price on shares of Lamar Advertising in a report on Thursday, May 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Finally, Wells Fargo & Company lifted their price objective on Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Lamar Advertising presently has an average rating of “Moderate Buy” and an average price target of $148.00.

Lamar Advertising Trading Up 1.6%

Shares of Lamar Advertising stock traded up $2.45 on Tuesday, reaching $160.46. 50,914 shares of the company’s stock were exchanged, compared to its average volume of 590,672. The company has a market capitalization of $16.28 billion, a P/E ratio of 29.68 and a beta of 1.19. Lamar Advertising Company has a 52 week low of $113.66 and a 52 week high of $160.80. The firm’s 50-day moving average is $150.00 and its two-hundred day moving average is $137.52. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.58 and a current ratio of 0.58.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.18. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. The company had revenue of $528.00 million during the quarter, compared to analyst estimates of $522.86 million. Sell-side analysts predict that Lamar Advertising Company will post 8.41 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was 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.