Lamar Advertising Company $LAMR Stock Position Lifted by Tributary Capital Management LLC

Tributary Capital Management LLC lifted its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,522 shares of the real estate investment trust’s stock after purchasing an additional 418 shares during the quarter. Tributary Capital Management LLC’s holdings in Lamar Advertising were worth $1,277,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of LAMR. AQR Capital Management LLC lifted its holdings 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 period. Nuveen LLC acquired a new stake in shares of Lamar Advertising in the first quarter valued at $40,699,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings 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 period. Millennium Management LLC lifted its holdings 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 period. Finally, Easterly Investment Partners LLC lifted its holdings 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 period. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Stock Performance

Shares of LAMR stock opened at $121.15 on Thursday. 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 $137.47. The stock’s 50-day moving average is $123.56 and its two-hundred day moving average is $120.26. The firm has a market cap of $12.26 billion, a P/E ratio of 28.17 and a beta of 1.37.

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

Lamar Advertising Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Friday, September 19th. Lamar Advertising’s dividend payout ratio is presently 144.19%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LAMR. Morgan Stanley upped their price objective on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Wells Fargo & Company cut their price objective 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. Weiss Ratings restated a “buy (b-)” rating on shares of Lamar Advertising in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. cut their price objective on Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating for the company in a report on Monday, August 11th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $134.20.

Insiders Place Their Bets

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the company’s stock in a transaction dated 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 document filed with the SEC, which is available through this hyperlink. 14.99% of the stock is currently owned by insiders.

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.