Lamar Advertising Company $LAMR Stake Lessened by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board trimmed its stake in shares of Lamar Advertising Company (NASDAQ:LAMR) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,820 shares of the real estate investment trust’s stock after selling 3,869 shares during the quarter. Ontario Teachers Pension Plan Board owned approximately 0.07% of Lamar Advertising worth $8,915,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. True Wealth Design LLC lifted its position in shares of Lamar Advertising by 466.7% during the second quarter. True Wealth Design LLC now owns 204 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 168 shares during the last quarter. Quent Capital LLC acquired a new stake in Lamar Advertising during the third quarter valued at approximately $26,000. Alpine Bank Wealth Management bought a new position in Lamar Advertising during the 3rd quarter worth approximately $27,000. Loomis Sayles & Co. L P acquired a new position in shares of Lamar Advertising in the 2nd quarter worth approximately $34,000. Finally, Caldwell Trust Co acquired a new position in shares of Lamar Advertising in the 2nd quarter worth approximately $49,000. Institutional investors own 93.78% of the company’s stock.

Wall Street Analyst Weigh In

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

Lamar Advertising Stock Performance

LAMR stock opened at $133.73 on Thursday. Lamar Advertising Company has a 1 year low of $99.84 and a 1 year high of $136.69. The stock has a market capitalization of $13.54 billion, a price-to-earnings ratio of 31.39 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 stock’s fifty day moving average is $129.12 and its two-hundred day moving average is $126.10.

Lamar Advertising Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, December 22nd. Lamar Advertising’s payout ratio is presently 145.54%.

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.