Lamar Advertising Company $LAMR Stock Holdings Increased by MTM Investment Management LLC

MTM Investment Management LLC increased its stake in shares of Lamar Advertising Company (NASDAQ:LAMR) by 121.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,760 shares of the real estate investment trust’s stock after purchasing an additional 3,160 shares during the quarter. MTM Investment Management LLC’s holdings in Lamar Advertising were worth $730,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp increased its stake in Lamar Advertising by 12,278.7% in the 4th quarter. M&T Bank Corp now owns 1,147,876 shares of the real estate investment trust’s stock valued at $145,298,000 after buying an additional 1,138,603 shares during the period. Norges Bank acquired a new stake in shares of Lamar Advertising during the 4th quarter valued at $104,705,000. AQR Capital Management LLC grew its holdings in shares of Lamar Advertising by 123.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,475,525 shares of the real estate investment trust’s stock valued at $177,152,000 after acquiring an additional 816,217 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Lamar Advertising by 97.8% during the 3rd quarter. Invesco Ltd. now owns 991,990 shares of the real estate investment trust’s stock valued at $121,439,000 after acquiring an additional 490,463 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Lamar Advertising by 23.9% in the third quarter. Northern Trust Corp now owns 1,629,554 shares of the real estate investment trust’s stock worth $199,490,000 after acquiring an additional 314,235 shares during the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

Lamar Advertising Trading Down 0.0%

Shares of NASDAQ:LAMR opened at $162.32 on Friday. The stock has a market capitalization of $16.47 billion, a PE ratio of 29.95 and a beta of 1.19. Lamar Advertising Company has a 1 year low of $113.66 and a 1 year high of $164.38. The firm has a fifty day moving average price of $153.39 and a 200 day moving average price of $139.47. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.33.

Lamar Advertising (NASDAQ:LAMR) last posted its earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.18. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%.The company had revenue of $528.00 million for the quarter, compared to analyst estimates of $522.86 million. Analysts expect that Lamar Advertising Company will post 8.41 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a dividend of $1.60 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.9%. Lamar Advertising’s dividend payout ratio is currently 118.08%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LAMR shares. Wells Fargo & Company lifted their price objective on Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Morgan Stanley set a $145.00 price target on Lamar Advertising in a research note on Thursday, May 7th. Citigroup downgraded Lamar Advertising from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $145.00 to $160.00 in a report on Friday, July 10th. Finally, TD Cowen raised their price objective on shares of Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $150.50.

About Lamar Advertising

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.