Nisa Investment Advisors LLC Sells 5,430 Shares of Lamar Advertising Company $LAMR

Nisa Investment Advisors LLC lessened its position in Lamar Advertising Company (NASDAQ:LAMR) by 13.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,969 shares of the real estate investment trust’s stock after selling 5,430 shares during the period. Nisa Investment Advisors LLC’s holdings in Lamar Advertising were worth $4,244,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Hamlin Capital Management LLC grew its holdings in Lamar Advertising by 2.1% in the 2nd quarter. Hamlin Capital Management LLC now owns 1,338,419 shares of the real estate investment trust’s stock worth $162,431,000 after acquiring an additional 26,893 shares during the last quarter. Northern Trust Corp grew its holdings in Lamar Advertising by 0.4% in the 1st quarter. Northern Trust Corp now owns 1,282,892 shares of the real estate investment trust’s stock worth $145,967,000 after acquiring an additional 4,495 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Lamar Advertising by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,109,668 shares of the real estate investment trust’s stock worth $126,258,000 after acquiring an additional 7,426 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Lamar Advertising by 5.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 917,833 shares of the real estate investment trust’s stock valued at $104,431,000 after purchasing an additional 50,004 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Lamar Advertising by 4.3% during the 1st quarter. HighTower Advisors LLC now owns 674,089 shares of the real estate investment trust’s stock valued at $76,698,000 after purchasing an additional 27,823 shares in the last quarter. Institutional investors own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lamar Advertising in a research note on Wednesday, October 8th. Morgan Stanley lifted their target price on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Wells Fargo & Company cut their target price on shares of Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating on the stock in a research note on Monday, August 11th. Finally, JPMorgan Chase & Co. cut their target price on shares of Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating on the stock in a research note on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Lamar Advertising has a consensus rating of “Moderate Buy” and a consensus price target of $134.20.

Insider Activity

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $124.28, for a total value of $2,734,160.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 14.99% of the company’s stock.

Lamar Advertising Trading Down 2.5%

NASDAQ:LAMR opened at $116.42 on Thursday. Lamar Advertising Company has a one year low of $99.84 and a one year high of $137.30. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.58 and a quick ratio of 0.58. The company’s 50-day simple moving average is $123.30 and its 200 day simple moving average is $120.80. The firm has a market capitalization of $11.78 billion, a P/E ratio of 27.07 and a beta of 1.37.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 EPS for the quarter, topping the consensus estimate of $1.48 by $0.74. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. The business had revenue of $579.31 million for the quarter, compared to analyst estimates of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. As a group, analysts forecast that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were paid a dividend of $1.55 per share. The ex-dividend date of this dividend was Friday, September 19th. This represents a $6.20 annualized dividend and a yield of 5.3%. Lamar Advertising’s payout ratio is presently 144.19%.

Lamar Advertising Profile

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.