Golden State Equity Partners Has $612,000 Stock Holdings in Lamar Advertising Company $LAMR

Golden State Equity Partners raised its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 5.2% in the second quarter, Holdings Channel.com reports. The fund owned 5,042 shares of the real estate investment trust’s stock after acquiring an additional 248 shares during the quarter. Golden State Equity Partners’ holdings in Lamar Advertising were worth $612,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in shares of Lamar Advertising by 77.4% in the second quarter. GAMMA Investing LLC now owns 1,226 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 535 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Lamar Advertising by 66.7% in the second quarter. Farther Finance Advisors LLC now owns 4,077 shares of the real estate investment trust’s stock worth $495,000 after buying an additional 1,631 shares during the last quarter. Miller Howard Investments Inc. NY lifted its stake in shares of Lamar Advertising by 0.4% in the second quarter. Miller Howard Investments Inc. NY now owns 319,350 shares of the real estate investment trust’s stock worth $38,756,000 after buying an additional 1,322 shares during the last quarter. HF Advisory Group LLC lifted its stake in shares of Lamar Advertising by 12.8% in the second quarter. HF Advisory Group LLC now owns 5,408 shares of the real estate investment trust’s stock worth $656,000 after buying an additional 612 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Lamar Advertising by 42.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 60,551 shares of the real estate investment trust’s stock worth $7,522,000 after buying an additional 18,157 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Stock Performance

Shares of NASDAQ:LAMR opened at $124.23 on Tuesday. The company has a market capitalization of $12.57 billion, a price-to-earnings ratio of 28.89 and a beta of 1.38. The firm’s 50 day simple moving average is $124.52 and its 200 day simple moving average is $119.17. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.58 and a quick ratio of 0.58. Lamar Advertising Company has a fifty-two week low of $99.84 and a fifty-two week high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Friday, August 8th. The real estate investment trust reported $2.22 EPS for the quarter, topping the consensus estimate of $1.48 by $0.74. The firm had revenue of $579.31 million for the quarter, compared to the consensus estimate of $580.72 million. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. As a group, sell-side analysts forecast that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, September 19th. Lamar Advertising’s dividend payout ratio (DPR) is currently 144.19%.

Insider Buying and Selling at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $124.28, for a total transaction of $2,734,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 14.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on LAMR shares. Morgan Stanley boosted their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Citigroup upgraded shares of Lamar Advertising from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $114.00 to $135.00 in a research note on Thursday, May 29th. JPMorgan Chase & Co. cut their target price on shares of Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, August 11th. Finally, Wells Fargo & Company cut their target price on shares of Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating for the company in a research note on Monday, August 11th. Two 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, the stock presently has an average rating of “Hold” and a consensus target price of $134.20.

Lamar Advertising Profile

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.