Lamar Advertising Company $LAMR Shares Sold by Inceptionr LLC

Inceptionr LLC trimmed its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 44.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,917 shares of the real estate investment trust’s stock after selling 3,987 shares during the period. Inceptionr LLC’s holdings in Lamar Advertising were worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in LAMR. Tucker Asset Management LLC purchased a new stake in shares of Lamar Advertising in the fourth quarter worth about $25,000. Sound Income Strategies LLC raised its holdings in shares of Lamar Advertising by 151.0% during the 4th quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 151 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Lamar Advertising in the 3rd quarter worth approximately $33,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Lamar Advertising during the third quarter valued at approximately $39,000. Finally, Larson Financial Group LLC lifted its position in shares of Lamar Advertising by 48.1% during the fourth quarter. Larson Financial Group LLC now owns 317 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 103 shares in the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LAMR has been the subject of a number of recent analyst reports. Morgan Stanley set a $145.00 price target on shares of Lamar Advertising in a report on Thursday, May 7th. TD Cowen lifted their target price on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Wells Fargo & Company raised their target price on shares of Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $153.00 target price on shares of Lamar Advertising in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Lamar Advertising has a consensus rating of “Hold” and a consensus target price of $154.67.

Lamar Advertising Stock Up 1.1%

Shares of NASDAQ LAMR opened at $159.46 on Friday. The firm has a market capitalization of $16.18 billion, a PE ratio of 29.42 and a beta of 1.19. The firm’s 50-day moving average is $154.55 and its 200-day moving average is $140.64. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.33. Lamar Advertising Company has a 1 year low of $113.66 and a 1 year high of $164.38.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, beating the consensus estimate of $0.82 by $0.18. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. The firm had revenue of $528.00 million during the quarter, compared to the consensus estimate of $522.86 million. Equities analysts expect that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a $1.60 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $6.40 annualized dividend and a yield of 4.0%. Lamar Advertising’s payout ratio is presently 118.08%.

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.