Boston Trust Walden Corp Sells 7,547 Shares of Lamar Advertising Company $LAMR

Boston Trust Walden Corp lowered its position in Lamar Advertising Company (NASDAQ:LAMR) by 2.4% during the first quarter, Holdings Channel reports. The institutional investor owned 312,311 shares of the real estate investment trust’s stock after selling 7,547 shares during the quarter. Boston Trust Walden Corp’s holdings in Lamar Advertising were worth $39,557,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Argent Advisors Inc. raised its holdings in shares of Lamar Advertising by 0.6% during the first quarter. Argent Advisors Inc. now owns 14,426 shares of the real estate investment trust’s stock worth $1,827,000 after purchasing an additional 80 shares during the last quarter. Glenmede Investment Management LP boosted its holdings in Lamar Advertising by 3.2% in the third quarter. Glenmede Investment Management LP now owns 2,590 shares of the real estate investment trust’s stock valued at $317,000 after purchasing an additional 81 shares during the last quarter. REAP Financial Group LLC grew its position in Lamar Advertising by 13.5% during the 4th quarter. REAP Financial Group LLC now owns 706 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 84 shares during the period. Greenleaf Trust grew its position in Lamar Advertising by 1.6% during the 4th quarter. Greenleaf Trust now owns 5,540 shares of the real estate investment trust’s stock worth $701,000 after purchasing an additional 87 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in shares of Lamar Advertising by 0.5% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 19,435 shares of the real estate investment trust’s stock valued at $2,460,000 after buying an additional 88 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on LAMR shares. TD Cowen raised their target price 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 price objective on Lamar Advertising in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Finally, Wells Fargo & Company boosted 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. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

Lamar Advertising Price Performance

NASDAQ:LAMR opened at $157.56 on Friday. The stock has a 50 day moving average of $149.50 and a two-hundred day moving average of $137.24. Lamar Advertising Company has a 12 month low of $113.66 and a 12 month high of $158.69. The firm has a market cap of $15.99 billion, a P/E ratio of 29.07 and a beta of 1.19. 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 (NASDAQ:LAMR) last released its earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.18. The business had revenue of $528.00 million for 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%. On average, analysts expect that Lamar Advertising Company will post 8.41 earnings per share for the current fiscal year.

Lamar Advertising Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a $1.60 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $6.40 dividend on an annualized basis and a yield of 4.1%. Lamar Advertising’s dividend payout ratio (DPR) 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.