AlphaCore Capital LLC Makes New Investment in Lamar Advertising Company $LAMR

AlphaCore Capital LLC acquired a new position in Lamar Advertising Company (NASDAQ:LAMR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,641 shares of the real estate investment trust’s stock, valued at approximately $587,000.

Other institutional investors have also bought and sold shares of the company. Sound Income Strategies LLC lifted its holdings in Lamar Advertising by 151.0% in the fourth quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 151 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Lamar Advertising in the third quarter worth about $33,000. Beacon Financial Strategies CORP acquired a new stake in Lamar Advertising in the fourth quarter worth about $35,000. Measured Wealth Private Client Group LLC acquired a new stake in Lamar Advertising in the third quarter worth approximately $39,000. Finally, Root Financial Partners LLC acquired a new stake in Lamar Advertising in the third quarter worth approximately $51,000. Institutional investors and hedge funds own 93.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LAMR. TD Cowen upped 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. Weiss Ratings upgraded Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, February 23rd. Morgan Stanley set a $145.00 target price on Lamar Advertising in a research report on Thursday, May 7th. UBS Group set a $150.00 price target on shares of Lamar Advertising in a report on Monday, February 23rd. Finally, 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. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $148.00.

Lamar Advertising Price Performance

Shares of LAMR opened at $149.41 on Wednesday. The firm has a market cap of $15.16 billion, a PE ratio of 27.57 and a beta of 1.18. The firm’s 50 day moving average price is $135.10 and its 200 day moving average price is $131.54. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.58 and a current ratio of 0.58. Lamar Advertising Company has a twelve month low of $113.05 and a twelve month high of $158.69.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results 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 return on equity of 55.53% and a net margin of 24.01%.The company had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $522.86 million. As a group, research analysts expect that Lamar Advertising Company will post 8.24 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Lamar Advertising’s payout ratio is 118.08%.

Insider Transactions at Lamar Advertising

In related news, EVP Ross Lamar Reilly sold 5,969 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $128.65, for a total value of $767,911.85. Following the sale, the executive vice president owned 15,850 shares of the company’s stock, valued at $2,039,102.50. The trade was a 27.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.24% of the stock is owned by company insiders.

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.