Louisiana State Employees Retirement System Makes New $3.19 Million Investment in Lamar Advertising Company $LAMR

Louisiana State Employees Retirement System purchased a new position in Lamar Advertising Company (NASDAQ:LAMR) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,200 shares of the real estate investment trust’s stock, valued at approximately $3,192,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Tucker Asset Management LLC purchased a new stake in shares of Lamar Advertising during the 4th quarter valued at about $25,000. Sound Income Strategies LLC boosted 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 last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Lamar Advertising in the 3rd quarter worth approximately $33,000. Beacon Financial Strategies CORP bought a new stake in Lamar Advertising in the 4th quarter worth approximately $35,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Lamar Advertising during the 3rd quarter valued at $39,000. 93.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LAMR shares. TD Cowen increased their price target on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a research report on Friday, May 22nd. Morgan Stanley set a $145.00 price objective on shares of Lamar Advertising in a research note on Thursday, May 7th. Finally, Wells Fargo & Company raised their price objective on shares of Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Lamar Advertising has a consensus rating of “Moderate Buy” and an average price target of $148.00.

Lamar Advertising Price Performance

Shares of Lamar Advertising stock opened at $156.00 on Friday. Lamar Advertising Company has a one year low of $113.66 and a one year high of $158.69. The stock’s fifty day moving average is $147.28 and its 200 day moving average is $136.29. The stock has a market cap of $15.83 billion, a P/E ratio of 28.78 and a beta of 1.20. 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 (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. 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 for the quarter, compared to the consensus estimate of $522.86 million. Sell-side analysts anticipate that Lamar Advertising Company will post 8.41 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Lamar Advertising’s payout ratio is presently 118.08%.

About Lamar Advertising

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.