Schnieders Capital Management LLC Sells 1,500 Shares of Lamar Advertising Company $LAMR

Schnieders Capital Management LLC trimmed its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 39.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,295 shares of the real estate investment trust’s stock after selling 1,500 shares during the period. Schnieders Capital Management LLC’s holdings in Lamar Advertising were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in LAMR. AQR Capital Management LLC lifted its position in shares of Lamar Advertising by 426.0% in the first quarter. AQR Capital Management LLC now owns 659,308 shares of the real estate investment trust’s stock valued at $74,340,000 after buying an additional 533,959 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Lamar Advertising in the first quarter valued at approximately $40,699,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Lamar Advertising by 181.7% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 363,949 shares of the real estate investment trust’s stock valued at $41,410,000 after buying an additional 234,735 shares during the last quarter. Millennium Management LLC lifted its position in shares of Lamar Advertising by 158.6% in the first quarter. Millennium Management LLC now owns 306,887 shares of the real estate investment trust’s stock valued at $34,918,000 after buying an additional 188,213 shares during the last quarter. Finally, Easterly Investment Partners LLC lifted its position in shares of Lamar Advertising by 269.4% in the first quarter. Easterly Investment Partners LLC now owns 158,733 shares of the real estate investment trust’s stock valued at $18,061,000 after buying an additional 115,762 shares during the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Morgan Stanley raised their price objective on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. JPMorgan Chase & Co. dropped their price target on Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating for the company in a report on Monday, August 11th. Wells Fargo & Company dropped their price target on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, August 11th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Lamar Advertising in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.20.

Lamar Advertising Stock Performance

NASDAQ:LAMR opened at $120.10 on Tuesday. The stock has a market cap of $12.16 billion, a P/E ratio of 27.93 and a beta of 1.37. The stock has a 50 day simple moving average of $123.49 and a 200 day simple moving average of $120.25. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.45. Lamar Advertising Company has a 1-year low of $99.84 and a 1-year high of $137.47.

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

Lamar Advertising Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were issued a $1.55 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a $6.20 annualized dividend and a yield of 5.2%. Lamar Advertising’s payout ratio is currently 144.19%.

Insiders Place Their Bets

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

Lamar Advertising Company 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.