Lamar Advertising Company $LAMR Shares Purchased by Waverly Advisors LLC

Waverly Advisors LLC boosted its position in Lamar Advertising Company (NASDAQ:LAMR) by 6.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,889 shares of the real estate investment trust’s stock after buying an additional 4,860 shares during the period. Waverly Advisors LLC owned approximately 0.08% of Lamar Advertising worth $12,773,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Knights of Columbus Asset Advisors LLC purchased a new position in Lamar Advertising during the fourth quarter worth about $1,872,000. Legal & General Group Plc boosted its holdings in Lamar Advertising by 4.6% in the 4th quarter. Legal & General Group Plc now owns 232,235 shares of the real estate investment trust’s stock valued at $29,396,000 after purchasing an additional 10,265 shares in the last quarter. Markel Group Inc. boosted its holdings in Lamar Advertising by 8.8% in the 4th quarter. Markel Group Inc. now owns 185,000 shares of the real estate investment trust’s stock valued at $23,417,000 after purchasing an additional 15,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Lamar Advertising by 0.9% in the 1st 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 purchasing an additional 11,586 shares in the last quarter. Finally, Empowered Funds LLC increased its position in Lamar Advertising by 11.2% during the 1st quarter. Empowered Funds LLC now owns 67,392 shares of the real estate investment trust’s stock worth $8,536,000 after purchasing an additional 6,793 shares during the period. 93.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LAMR shares. Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a research note on Wednesday, August 19th. TD Cowen lifted their price target on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Citigroup lowered Lamar Advertising from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $145.00 to $160.00 in a report on Friday, July 10th. Wells Fargo & Company increased their price objective on Lamar Advertising from $150.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 12th. Finally, Morgan Stanley set a $170.00 target price on Lamar Advertising in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Lamar Advertising currently has a consensus rating of “Hold” and an average target price of $160.17.

Lamar Advertising Trading Down 0.7%

Shares of LAMR opened at $148.83 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.29. The firm’s 50-day moving average is $156.10 and its two-hundred day moving average is $146.36. Lamar Advertising Company has a twelve month low of $114.45 and a twelve month high of $166.33. The firm has a market capitalization of $15.11 billion, a P/E ratio of 27.16 and a beta of 1.17.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings results 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. The company had revenue of $616.75 million during the quarter, compared to the consensus estimate of $606.61 million. Lamar Advertising had a net margin of 23.90% and a return on equity of 54.94%. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. On average, research analysts predict that Lamar Advertising Company will post 8.43 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a dividend of $1.65 per share. The ex-dividend date is Monday, September 21st. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.60. This represents a $6.60 dividend on an annualized basis and a yield of 4.4%. Lamar Advertising’s dividend payout ratio (DPR) is presently 116.79%.

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.