Sanctuary Advisors LLC Increases Holdings in Lamar Advertising Company $LAMR

Sanctuary Advisors LLC increased its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 31.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,389 shares of the real estate investment trust’s stock after purchasing an additional 17,281 shares during the quarter. Sanctuary Advisors LLC’s holdings in Lamar Advertising were worth $9,042,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Sivia Capital Partners LLC acquired a new stake in Lamar Advertising during the 2nd quarter valued at approximately $510,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Lamar Advertising by 250.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 47,604 shares of the real estate investment trust’s stock worth $5,777,000 after acquiring an additional 34,002 shares during the period. Amundi raised its holdings in shares of Lamar Advertising by 224.6% during the second quarter. Amundi now owns 2,048 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 1,417 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of Lamar Advertising during the second quarter worth $873,000. Finally, Cerity Partners LLC raised its holdings in shares of Lamar Advertising by 39.0% during the second quarter. Cerity Partners LLC now owns 37,166 shares of the real estate investment trust’s stock worth $4,510,000 after purchasing an additional 10,423 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Lamar Advertising Stock Down 0.0%

LAMR opened at $162.32 on Friday. Lamar Advertising Company has a fifty-two week low of $113.66 and a fifty-two week high of $164.38. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.58 and a current ratio of 0.58. The company has a fifty day moving average of $153.39 and a two-hundred day moving average of $139.47. The stock has a market capitalization of $16.47 billion, a price-to-earnings ratio of 29.95 and a beta of 1.19.

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

Lamar Advertising Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a $1.60 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $6.40 dividend on an annualized basis and a yield of 3.9%. Lamar Advertising’s dividend payout ratio is presently 118.08%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wells Fargo & Company upped their price target on shares of Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Citigroup cut Lamar Advertising from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $145.00 to $160.00 in a report on Friday, July 10th. Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. Morgan Stanley set a $145.00 target price on Lamar Advertising in a report on Thursday, May 7th. Finally, TD Cowen lifted their price target on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $150.50.

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.