Lamar Advertising Company $LAMR Stock: Sumitomo Mitsui Trust Group Inc. Reduces Stake

Sumitomo Mitsui Trust Group Inc. decreased its position in Lamar Advertising Company (NASDAQ:LAMR) by 9.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,222 shares of the real estate investment trust’s stock after selling 9,104 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.08% of Lamar Advertising worth $12,137,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. lifted its position in Lamar Advertising by 4.8% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 1,607 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 74 shares during the period. First Citizens Bank & Trust Co. lifted its holdings in Lamar Advertising by 0.9% in the first quarter. First Citizens Bank & Trust Co. now owns 8,821 shares of the real estate investment trust’s stock valued at $1,117,000 after buying an additional 75 shares during the period. Gamco Investors INC. ET AL boosted its stake in Lamar Advertising by 1.0% in the first quarter. Gamco Investors INC. ET AL now owns 7,523 shares of the real estate investment trust’s stock valued at $953,000 after acquiring an additional 78 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Lamar Advertising by 53.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 243 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 85 shares during the last quarter. Finally, World Investment Advisors raised its position in shares of Lamar Advertising by 3.6% during the 1st quarter. World Investment Advisors now owns 2,736 shares of the real estate investment trust’s stock valued at $347,000 after acquiring an additional 95 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Stock Down 0.8%

Shares of NASDAQ LAMR traded down $1.31 during mid-day trading on Friday, reaching $155.99. 993,125 shares of the company’s stock were exchanged, compared to its average volume of 540,065. The firm has a market capitalization of $15.84 billion, a price-to-earnings ratio of 27.51 and a beta of 1.23. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.29. The business has a fifty day simple moving average of $149.76 and a 200 day simple moving average of $145.35. Lamar Advertising Company has a twelve month low of $120.54 and a twelve month high of $166.33.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.58. Lamar Advertising had a return on equity of 54.94% and a net margin of 23.90%. The business had revenue of $616.75 million during the quarter, compared to analyst estimates of $606.61 million. As a group, equities analysts expect that Lamar Advertising Company will post 8.40 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued a dividend of $1.65 per share. The ex-dividend date was Monday, September 21st. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.60. This represents a $6.60 dividend on an annualized basis and a dividend yield of 4.2%. Lamar Advertising’s dividend payout ratio (DPR) is 120.44%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a research report on Wednesday, August 19th. JPMorgan Chase & Co. upped their price target on Lamar Advertising from $153.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Morgan Stanley set a $170.00 price target on shares of Lamar Advertising in a research report on Friday, August 7th. Citigroup cut shares of Lamar Advertising from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $145.00 to $160.00 in a report on Friday, July 10th. Finally, Wells Fargo & Company upped their target price on shares of Lamar Advertising from $156.00 to $158.00 and gave the company an “equal weight” rating in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Lamar Advertising currently has a consensus rating of “Hold” and an average price target of $161.33.

Insider Buying and Selling

In related news, Director Thomas Reifenheiser sold 8,099 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $149.03, for a total value of $1,206,993.97. Following the completion of the transaction, the director directly owned 36,387 shares of the company’s stock, valued at approximately $5,422,754.61. This represents a 18.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 15.24% of the company’s stock.

Key Stories Impacting Lamar Advertising

Here are the key news stories impacting Lamar Advertising this week:

• Positive Sentiment: Q3 funds from operations beat estimates. FFO was $2.41 per share, above the $2.36 consensus and up from $2.20 a year earlier. Revenue reached $624.5 million, slightly topping estimates, while adjusted EBITDA was $306.9 million. Zacks article: Lamar beats Q3 FFO and revenue estimates
• Positive Sentiment: Management raised its full-year AFFO outlook. The company’s 2026 AFFO guidance increased to $8.97 per share. An outside analysis also highlighted 9.5% year-over-year AFFO growth and resilient local advertising demand as supportive factors. Lamar raises 2026 AFFO outlook
• Neutral Sentiment: Wells Fargo raised its price target from $156 to $158 but maintained an “equal weight” rating. The new target suggests limited upside from the reported $155.98 price, tempering the otherwise favorable earnings and guidance news. Wells Fargo recommendations

About Lamar Advertising

Lamar Advertising Company is an outdoor advertising company that provides businesses with advertising displays across the United States. Its offerings include traditional and digital billboards, bulletin and poster displays, transit advertising, and other out-of-home media formats.

The company also provides logo sign and tourist-oriented directional signage services through displays located along highways and other major transportation routes. Its digital advertising network allows advertisers to deliver messages that can be updated more frequently than traditional static signage.

Lamar traces its roots to 1902 and is headquartered in Baton Rouge, Louisiana.