10,320 Shares in Lamar Advertising Company $LAMR Acquired by Diversified Trust Co

Diversified Trust Co acquired a new position in Lamar Advertising Company (NASDAQ:LAMR) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,320 shares of the real estate investment trust’s stock, valued at approximately $1,307,000.

Other institutional investors have also recently made changes to their positions in the company. Glenmede Investment Management LP raised its position in shares of Lamar Advertising by 3.2% during the third quarter. Glenmede Investment Management LP now owns 2,590 shares of the real estate investment trust’s stock valued at $317,000 after buying an additional 81 shares during the last quarter. REAP Financial Group LLC raised its holdings in shares of Lamar Advertising by 13.5% during the 4th quarter. REAP Financial Group LLC now owns 706 shares of the real estate investment trust’s stock worth $89,000 after acquiring an additional 84 shares in the last quarter. Greenleaf Trust lifted its position in Lamar Advertising by 1.6% during the fourth quarter. Greenleaf Trust now owns 5,540 shares of the real estate investment trust’s stock valued at $701,000 after purchasing an additional 87 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Lamar Advertising by 0.5% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 19,435 shares of the real estate investment trust’s stock valued at $2,460,000 after acquiring an additional 88 shares during the last quarter. Finally, Alliance Wealth Advisors LLC lifted its stake in shares of Lamar Advertising by 2.8% in the 4th quarter. Alliance Wealth Advisors LLC now owns 3,510 shares of the real estate investment trust’s stock valued at $444,000 after purchasing an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a research report on Friday, May 22nd. TD Cowen boosted their price target on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a 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. Finally, Wells Fargo & Company lifted their price target on Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

Lamar Advertising Stock Performance

Shares of Lamar Advertising stock opened at $152.38 on Wednesday. The company has a 50 day moving average price of $146.03 and a 200 day moving average price of $135.85. The firm has a market capitalization of $15.46 billion, a P/E ratio of 28.11 and a beta of 1.20. Lamar Advertising Company has a 52 week low of $113.66 and a 52 week high of $158.69. 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 (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, topping 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 business had revenue of $528.00 million during the quarter, compared to the consensus estimate of $522.86 million. Sell-side analysts expect that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $1.60 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.2%. Lamar Advertising’s dividend payout ratio is currently 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.