Tred Avon Family Wealth LLC Invests $1 Million in Lamar Advertising Company $LAMR

Tred Avon Family Wealth LLC acquired a new position in Lamar Advertising Company (NASDAQ:LAMR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,202 shares of the real estate investment trust’s stock, valued at approximately $1,004,000.

Other hedge funds have also added to or reduced their stakes in the company. Berkshire Hathaway Inc acquired a new position in shares of Lamar Advertising during the 2nd quarter worth about $141,931,000. Norges Bank bought a new position in Lamar Advertising in the second quarter valued at approximately $116,240,000. AQR Capital Management LLC increased its position in shares of Lamar Advertising by 123.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,475,525 shares of the real estate investment trust’s stock worth $177,152,000 after purchasing an additional 816,217 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Lamar Advertising by 27.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,344,637 shares of the real estate investment trust’s stock worth $284,577,000 after purchasing an additional 510,025 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Lamar Advertising by 22.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,064,441 shares of the real estate investment trust’s stock valued at $130,309,000 after buying an additional 197,175 shares during the last quarter. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Stock Performance

NASDAQ LAMR opened at $132.26 on Friday. The stock has a market cap of $13.40 billion, a PE ratio of 31.05 and a beta of 1.23. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a 50-day moving average of $129.00 and a 200-day moving average of $125.11. Lamar Advertising Company has a 52-week low of $99.84 and a 52-week high of $134.63.

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

Lamar Advertising Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were issued a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Monday, December 22nd. Lamar Advertising’s dividend payout ratio is currently 145.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LAMR shares. Morgan Stanley set a $140.00 target price on shares of Lamar Advertising in a report on Tuesday, December 16th. Citigroup boosted their price objective on shares of Lamar Advertising from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Lamar Advertising in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. lifted their price target on Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Lamar Advertising currently has a consensus rating of “Hold” and a consensus price target of $133.00.

Lamar Advertising 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.