First National Bank of Omaha Buys Shares of 33,229 Lamar Advertising Company $LAMR

First National Bank of Omaha purchased a new position in shares of Lamar Advertising Company (NASDAQ:LAMR) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 33,229 shares of the real estate investment trust’s stock, valued at approximately $4,068,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NEOS Investment Management LLC increased its position in Lamar Advertising by 102.7% during the third quarter. NEOS Investment Management LLC now owns 8,401 shares of the real estate investment trust’s stock worth $1,028,000 after purchasing an additional 4,257 shares during the last quarter. Heartland Advisors Inc. grew its stake in shares of Lamar Advertising by 0.3% in the 3rd quarter. Heartland Advisors Inc. now owns 77,839 shares of the real estate investment trust’s stock valued at $9,529,000 after buying an additional 210 shares during the period. Rothschild Investment LLC increased its holdings in shares of Lamar Advertising by 24,880.0% during the 3rd quarter. Rothschild Investment LLC now owns 1,249 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 1,244 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Lamar Advertising during the 3rd quarter worth approximately $692,000. Finally, Texas Yale Capital Corp. purchased a new stake in shares of Lamar Advertising during the 3rd quarter valued at approximately $221,000. Institutional investors and hedge funds own 93.78% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on LAMR. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lamar Advertising in a research report on Monday, December 29th. Morgan Stanley set a $140.00 price target on Lamar Advertising in a report on Tuesday, December 16th. Citigroup raised their price objective on Lamar Advertising from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, JPMorgan Chase & Co. upped their target price on shares of Lamar Advertising from $122.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $133.00.

Lamar Advertising Trading Up 0.6%

Shares of NASDAQ LAMR opened at $132.57 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.04. The stock has a market capitalization of $13.43 billion, a PE ratio of 31.12 and a beta of 1.23. Lamar Advertising Company has a twelve month low of $99.84 and a twelve month high of $136.69. The stock has a fifty day simple moving average of $129.05 and a 200-day simple moving average of $126.05.

Lamar Advertising Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, December 22nd. Lamar Advertising’s dividend payout ratio is currently 145.54%.

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.