Lamar Advertising Company $LAMR Stake Lessened by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 35.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,854 shares of the real estate investment trust’s stock after selling 22,864 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Lamar Advertising were worth $5,124,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc acquired a new position in shares of Lamar Advertising during the 2nd quarter valued at $141,931,000. Norges Bank acquired a new stake in shares of Lamar Advertising in the second quarter valued at $116,240,000. AQR Capital Management LLC boosted its stake in Lamar Advertising by 123.8% during the second quarter. AQR Capital Management LLC now owns 1,475,525 shares of the real estate investment trust’s stock valued at $177,152,000 after buying an additional 816,217 shares in the last quarter. Geode Capital Management LLC grew its holdings in Lamar Advertising by 27.8% during the second quarter. Geode Capital Management LLC now owns 2,344,637 shares of the real estate investment trust’s stock worth $284,577,000 after acquiring an additional 510,025 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in Lamar Advertising by 22.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,064,441 shares of the real estate investment trust’s stock worth $130,309,000 after acquiring an additional 197,175 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LAMR. JPMorgan Chase & Co. raised their price objective on shares of Lamar Advertising from $122.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Citigroup raised their target price on shares of Lamar Advertising from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Lamar Advertising in a report on Monday, December 29th. Finally, Morgan Stanley set a $140.00 price objective on Lamar Advertising in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $133.00.

Lamar Advertising Trading Up 0.7%

NASDAQ LAMR opened at $128.00 on Friday. The firm’s 50 day moving average price is $129.32 and its two-hundred day moving average price is $125.43. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.59 and a current ratio of 0.59. Lamar Advertising Company has a twelve month low of $99.84 and a twelve month high of $134.63. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of 30.05 and a beta of 1.23.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Thursday, November 6th. The real estate investment trust reported $2.20 EPS for the quarter, topping the consensus estimate of $2.14 by $0.06. Lamar Advertising had a return on equity of 43.02% and a net margin of 19.27%.The business had revenue of $585.54 million during the quarter, compared to analysts’ expectations of $584.00 million. Equities analysts anticipate that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a $1.55 dividend. The ex-dividend date was Monday, December 22nd. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.8%. Lamar Advertising’s dividend payout ratio is currently 145.54%.

Lamar Advertising Company 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.