Strs Ohio Buys 33,801 Shares of Lamar Advertising Company $LAMR

Strs Ohio raised its stake in Lamar Advertising Company (NASDAQ:LAMR) by 1,614.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 35,895 shares of the real estate investment trust’s stock after acquiring an additional 33,801 shares during the period. Strs Ohio’s holdings in Lamar Advertising were worth $4,394,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. True Wealth Design LLC lifted its stake in shares of Lamar Advertising by 466.7% in the second quarter. True Wealth Design LLC now owns 204 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 168 shares during the period. Quent Capital LLC bought a new position in Lamar Advertising during the 3rd quarter worth approximately $26,000. Alpine Bank Wealth Management acquired a new position in shares of Lamar Advertising in the 3rd quarter worth approximately $27,000. Ameritas Advisory Services LLC bought a new stake in shares of Lamar Advertising in the 2nd quarter valued at $28,000. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of Lamar Advertising during the second quarter worth $34,000. Institutional investors and hedge funds own 93.78% of the company’s stock.

Analyst Upgrades and Downgrades

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

Lamar Advertising Stock Performance

Shares of LAMR opened at $128.58 on Tuesday. Lamar Advertising Company has a one year low of $99.84 and a one year high of $134.63. The company has a market cap of $13.02 billion, a PE ratio of 30.18 and a beta of 1.23. The stock has a 50-day moving average of $129.35 and a 200-day moving average of $125.38. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.59 and a quick ratio of 0.59.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.06. Lamar Advertising had a return on equity of 43.02% and a net margin of 19.27%.The business had revenue of $585.54 million for the quarter, compared to analyst estimates of $584.00 million. On average, equities research analysts predict that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were given a $1.55 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $6.20 annualized dividend and a yield of 4.8%. Lamar Advertising’s dividend payout ratio (DPR) is presently 145.54%.

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.