Tidal Investments LLC Boosts Stake in Lamar Advertising Company $LAMR

Tidal Investments LLC grew its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 83.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,536 shares of the real estate investment trust’s stock after acquiring an additional 7,992 shares during the period. Tidal Investments LLC’s holdings in Lamar Advertising were worth $2,735,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in shares of Lamar Advertising by 1.3% in the 2nd quarter. Wellington Management Group LLP now owns 2,125,742 shares of the real estate investment trust’s stock valued at $331,573,000 after purchasing an additional 27,100 shares in the last quarter. Geode Capital Management LLC increased its position in Lamar Advertising by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 2,382,137 shares of the real estate investment trust’s stock worth $301,573,000 after purchasing an additional 32,542 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Lamar Advertising by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,307,093 shares of the real estate investment trust’s stock valued at $165,549,000 after buying an additional 11,586 shares during the period. Norges Bank purchased a new position in Lamar Advertising in the fourth quarter valued at approximately $104,705,000. Finally, HighTower Advisors LLC lifted its position in Lamar Advertising by 3.8% during the fourth quarter. HighTower Advisors LLC now owns 771,959 shares of the real estate investment trust’s stock valued at $97,715,000 after buying an additional 27,907 shares in the last quarter. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Lamar Advertising Stock Down 1.3%

NASDAQ LAMR opened at $147.82 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.29. Lamar Advertising Company has a fifty-two week low of $114.45 and a fifty-two week high of $166.33. The business has a 50 day moving average price of $155.33 and a two-hundred day moving average price of $146.78. The stock has a market cap of $15.01 billion, a PE ratio of 26.97 and a beta of 1.17.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.58. Lamar Advertising had a net margin of 23.90% and a return on equity of 54.94%. The company had revenue of $616.75 million for the quarter, compared to analyst estimates of $606.61 million. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. As a group, sell-side analysts predict that Lamar Advertising Company will post 8.43 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a dividend of $1.65 per share. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.60. The ex-dividend date of this dividend is Monday, September 21st. This represents a $6.60 annualized dividend and a yield of 4.5%. Lamar Advertising’s payout ratio is presently 116.79%.

Analysts Set New Price Targets

Several research firms have issued reports on LAMR. Morgan Stanley set a $170.00 price objective on shares of Lamar Advertising in a research note on Friday, August 7th. JPMorgan Chase & Co. raised their target price on shares of Lamar Advertising from $153.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Citigroup lowered shares of Lamar Advertising from a “buy” rating to a “neutral” rating and lifted their target price for the company from $145.00 to $160.00 in a report on Friday, July 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a research report on Wednesday, August 19th. Finally, Wells Fargo & Company increased their price target on Lamar Advertising from $150.00 to $151.00 and gave the company an “equal weight” rating in a report on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Lamar Advertising presently has a consensus rating of “Hold” and a consensus target price of $160.17.

About Lamar Advertising

Lamar Advertising Company is an outdoor advertising company that provides businesses and organizations with advertising displays across the United States. Its offerings include traditional and digital billboards, as well as advertising displays on buses, benches, shelters and other transit-related assets.

The company also provides advertising opportunities at airports and other specialty locations. Its digital display network enables advertisers to deliver changing messages and campaigns, while its traditional billboard inventory supports longer-term brand awareness and local advertising initiatives.

Founded in 1902, Lamar Advertising has grown from a regional sign and billboard business into one of North America’s major out-of-home advertising providers.