SG Americas Securities LLC Purchases 19,112 Shares of Lamar Advertising Company $LAMR

SG Americas Securities LLC raised its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 25.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,409 shares of the real estate investment trust’s stock after buying an additional 19,112 shares during the period. SG Americas Securities LLC’s holdings in Lamar Advertising were worth $11,958,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LAMR. Uhlmann Price Securities LLC increased its position in shares of Lamar Advertising by 119.0% in the first quarter. Uhlmann Price Securities LLC now owns 4,380 shares of the real estate investment trust’s stock valued at $557,000 after acquiring an additional 2,380 shares during the period. Diversified Trust Co purchased a new stake in shares of Lamar Advertising during the first quarter worth about $1,307,000. Rockefeller Capital Management L.P. grew its stake in shares of Lamar Advertising by 10.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,902 shares of the real estate investment trust’s stock worth $621,000 after purchasing an additional 459 shares during the last quarter. World Investment Advisors increased its holdings in Lamar Advertising by 21.7% during the 4th quarter. World Investment Advisors now owns 2,641 shares of the real estate investment trust’s stock valued at $334,000 after purchasing an additional 471 shares during the period. Finally, Corient Private Wealth LLC increased its holdings in Lamar Advertising by 114.6% during the 4th quarter. Corient Private Wealth LLC now owns 25,471 shares of the real estate investment trust’s stock valued at $3,224,000 after purchasing an additional 13,604 shares during the period. Institutional investors own 93.78% of the company’s stock.

Analyst Ratings Changes

LAMR has been the subject of several research analyst reports. TD Cowen increased their price objective on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Morgan Stanley set a $145.00 target price on Lamar Advertising in a report on Thursday, May 7th. Wells Fargo & Company raised their price target on Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.00.

Lamar Advertising Trading Up 1.1%

LAMR opened at $156.00 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.33. Lamar Advertising Company has a 52 week low of $113.66 and a 52 week high of $158.69. The stock has a market cap of $15.83 billion, a PE ratio of 28.78 and a beta of 1.20. The business has a 50 day moving average of $147.28 and a 200-day moving average of $136.29.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.18. The business had revenue of $528.00 million during the quarter, compared to the consensus estimate of $522.86 million. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%. Equities research analysts predict that Lamar Advertising Company will post 8.41 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, June 16th. Lamar Advertising’s dividend payout ratio is 118.08%.

About Lamar Advertising

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.