Lamar Advertising Company $LAMR Shares Acquired by Atria Investments Inc

Atria Investments Inc lifted its stake in shares of Lamar Advertising Company (NASDAQ:LAMR) by 67.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,623 shares of the real estate investment trust’s stock after purchasing an additional 6,696 shares during the quarter. Atria Investments Inc’s holdings in Lamar Advertising were worth $2,017,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Carret Asset Management LLC raised its position in shares of Lamar Advertising by 3.8% during the 2nd quarter. Carret Asset Management LLC now owns 4,810 shares of the real estate investment trust’s stock worth $584,000 after purchasing an additional 175 shares during the period. Retirement Systems of Alabama increased its position in Lamar Advertising by 0.5% in the 2nd quarter. Retirement Systems of Alabama now owns 107,519 shares of the real estate investment trust’s stock valued at $13,049,000 after acquiring an additional 488 shares during the period. Assetmark Inc. increased its position in Lamar Advertising by 113.5% in the 2nd quarter. Assetmark Inc. now owns 77,879 shares of the real estate investment trust’s stock valued at $9,451,000 after acquiring an additional 41,409 shares during the period. Markel Group Inc. increased its position in Lamar Advertising by 15.3% in the 2nd quarter. Markel Group Inc. now owns 158,000 shares of the real estate investment trust’s stock valued at $19,175,000 after acquiring an additional 21,000 shares during the period. Finally, Austin Private Wealth LLC increased its position in Lamar Advertising by 7.9% in the 2nd quarter. Austin Private Wealth LLC now owns 2,247 shares of the real estate investment trust’s stock valued at $273,000 after acquiring an additional 164 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. Morgan Stanley raised their target price on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. Wells Fargo & Company lowered their target price on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating on the stock in a research report on Monday, August 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Lamar Advertising in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lowered their target price on Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating on the stock in a research report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $134.20.

Lamar Advertising Stock Up 0.1%

Shares of LAMR stock opened at $119.60 on Wednesday. Lamar Advertising Company has a 1 year low of $99.84 and a 1 year high of $136.89. The stock has a market cap of $12.11 billion, a PE ratio of 27.81 and a beta of 1.37. The business’s fifty day moving average is $122.78 and its 200-day moving average is $121.14. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.58 and a current ratio of 0.58.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.74. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%.The company had revenue of $579.31 million for the quarter, compared to analysts’ expectations of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. Equities analysts expect that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 dividend yield of 5.2%. Lamar Advertising’s dividend payout ratio (DPR) is currently 144.19%.

Insider Buying and Selling at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $124.28, for a total transaction of $2,734,160.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 14.99% of the stock is currently owned by corporate insiders.

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.