128,554 Shares in Lamar Advertising Company $LAMR Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in shares of Lamar Advertising Company (NASDAQ:LAMR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 128,554 shares of the real estate investment trust’s stock, valued at approximately $20,052,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Adelante Capital Management LLC acquired a new stake in Lamar Advertising in the second quarter worth about $19,122,000. Globeflex Capital L P acquired a new position in shares of Lamar Advertising during the second quarter valued at about $230,000. Compass Financial Management LLC acquired a new position in shares of Lamar Advertising during the second quarter valued at about $51,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Lamar Advertising in the 2nd quarter valued at approximately $26,469,000. Finally, Handelsbanken Fonder AB raised its position in shares of Lamar Advertising by 18.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 27,981 shares of the real estate investment trust’s stock valued at $4,364,000 after purchasing an additional 4,300 shares during the last quarter. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Lamar Advertising Trading Down 0.1%

Shares of Lamar Advertising stock opened at $150.38 on Friday. The stock has a market cap of $15.27 billion, a PE ratio of 27.44 and a beta of 1.19. The firm has a fifty day moving average price of $156.78 and a 200 day moving average price of $145.28. Lamar Advertising Company has a 1 year low of $114.45 and a 1 year high of $166.33. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.63 and a quick ratio of 0.63.

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

Wall Street Analysts Forecast Growth

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

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.