Universal Beteiligungs und Servicegesellschaft mbH lowered its holdings in Lamar Advertising Company (NASDAQ:LAMR – Free Report) by 15.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,609 shares of the real estate investment trust’s stock after selling 4,470 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Lamar Advertising were worth $3,115,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC bought a new stake in shares of Lamar Advertising in the 3rd quarter worth approximately $26,000. Alpine Bank Wealth Management bought a new stake in shares of Lamar Advertising in the 3rd quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Lamar Advertising in the 3rd quarter worth approximately $33,000. Sound Income Strategies LLC lifted its position 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 worth $33,000 after acquiring an additional 151 shares during the period. Finally, Beacon Financial Strategies CORP bought a new stake in shares of Lamar Advertising in the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 93.78% of the company’s stock.
Lamar Advertising Price Performance
Lamar Advertising stock opened at $137.84 on Friday. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $13.97 billion, a PE ratio of 23.89 and a beta of 1.20. Lamar Advertising Company has a one year low of $112.00 and a one year high of $139.76. The business has a 50 day simple moving average of $132.61 and a 200 day simple moving average of $129.23.
Lamar Advertising Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $1.60 per share. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.55. The ex-dividend date was Monday, March 16th. This represents a $6.40 annualized dividend and a dividend yield of 4.6%. Lamar Advertising’s dividend payout ratio is 110.92%.
Wall Street Analysts Forecast Growth
LAMR has been the subject of a number of research reports. UBS Group set a $150.00 price objective on Lamar Advertising in a research report on Monday, February 23rd. TD Cowen reiterated a “buy” rating on shares of Lamar Advertising in a research report on Monday, February 23rd. Weiss Ratings upgraded Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, February 23rd. Finally, Wells Fargo & Company raised their price objective on Lamar Advertising from $121.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.80.
Check Out Our Latest Research Report on LAMR
Insider Activity at Lamar Advertising
In related news, EVP Ross Lamar Reilly sold 5,969 shares of the firm’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 transaction of $767,911.85. Following the completion of the transaction, the executive vice president owned 15,850 shares in the company, valued at $2,039,102.50. This trade represents a 27.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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.
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