Lamar Advertising Company $LAMR Holdings Cut by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Lamar Advertising Company (NASDAQ:LAMR) by 35.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,854 shares of the real estate investment trust’s stock after selling 22,864 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Lamar Advertising were worth $5,124,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of LAMR. Sivia Capital Partners LLC purchased a new position in Lamar Advertising in the second quarter valued at about $510,000. Signaturefd LLC lifted its holdings in shares of Lamar Advertising by 7.2% during the 2nd quarter. Signaturefd LLC now owns 1,457 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 98 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Lamar Advertising by 1.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 44,960 shares of the real estate investment trust’s stock valued at $5,456,000 after buying an additional 791 shares in the last quarter. Truist Financial Corp increased its holdings in Lamar Advertising by 1.0% in the second quarter. Truist Financial Corp now owns 87,424 shares of the real estate investment trust’s stock worth $10,610,000 after buying an additional 905 shares during the last quarter. Finally, Woodward Diversified Capital LLC raised its position in Lamar Advertising by 75.3% during the second quarter. Woodward Diversified Capital LLC now owns 4,882 shares of the real estate investment trust’s stock valued at $593,000 after acquiring an additional 2,097 shares in the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

Lamar Advertising Stock Performance

NASDAQ:LAMR opened at $128.00 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.04. The firm has a market capitalization of $12.96 billion, a PE ratio of 30.05 and a beta of 1.23. Lamar Advertising Company has a 12-month low of $99.84 and a 12-month high of $134.63. The firm has a 50-day moving average price of $129.32 and a 200 day moving average price of $125.43.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.06. The firm had revenue of $585.54 million during the quarter, compared to the consensus estimate of $584.00 million. Lamar Advertising had a net margin of 19.27% and a return on equity of 43.02%. Research analysts anticipate that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were given a dividend of $1.55 per share. The ex-dividend date was Monday, December 22nd. This represents a $6.20 dividend on an annualized basis and a yield of 4.8%. Lamar Advertising’s dividend payout ratio is 145.54%.

Analyst Upgrades and Downgrades

LAMR has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Morgan Stanley set a $140.00 price objective on shares of Lamar Advertising in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lamar Advertising in a report on Monday, December 29th. Finally, Citigroup raised their target price on Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, November 13th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $133.00.

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.