New York State Teachers Retirement System Has $12.43 Million Stake in Lamar Advertising Company $LAMR

New York State Teachers Retirement System lessened its stake in Lamar Advertising Company (NASDAQ:LAMR) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,197 shares of the real estate investment trust’s stock after selling 6,142 shares during the quarter. New York State Teachers Retirement System owned 0.10% of Lamar Advertising worth $12,430,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its holdings in shares of Lamar Advertising by 31.4% in the third quarter. Nisa Investment Advisors LLC now owns 45,951 shares of the real estate investment trust’s stock valued at $5,625,000 after buying an additional 10,982 shares during the period. Assetmark Inc. boosted its position in shares of Lamar Advertising by 31.3% during the third quarter. Assetmark Inc. now owns 102,270 shares of the real estate investment trust’s stock worth $12,520,000 after buying an additional 24,391 shares during the period. SG Americas Securities LLC boosted its holdings in Lamar Advertising by 323.6% during the fourth quarter. SG Americas Securities LLC now owns 75,297 shares of the real estate investment trust’s stock worth $9,531,000 after purchasing an additional 57,520 shares during the last quarter. Gateway Investment Advisers LLC grew its position in Lamar Advertising by 89.4% in the third quarter. Gateway Investment Advisers LLC now owns 74,254 shares of the real estate investment trust’s stock valued at $9,090,000 after purchasing an additional 35,048 shares in the last quarter. Finally, Berkshire Hathaway Inc grew its position in Lamar Advertising by 2.8% in the third quarter. Berkshire Hathaway Inc now owns 1,202,110 shares of the real estate investment trust’s stock valued at $147,162,000 after purchasing an additional 32,603 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Analyst Upgrades and Downgrades

LAMR has been the subject of a number of analyst reports. UBS Group set a $150.00 target price on shares of Lamar Advertising in a research report on Monday, February 23rd. Weiss Ratings raised shares of Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, February 23rd. Wells Fargo & Company increased their price target on Lamar Advertising from $121.00 to $136.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 24th. Finally, TD Cowen reissued a “buy” rating on shares of Lamar Advertising in a research report on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $139.80.

Lamar Advertising Stock Performance

Shares of LAMR opened at $140.35 on Monday. The firm has a 50-day moving average of $132.61 and a 200-day moving average of $129.37. Lamar Advertising Company has a one year low of $112.00 and a one year high of $140.86. The company has a market cap of $14.22 billion, a PE ratio of 24.32 and a beta of 1.18. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.58 and a quick ratio of 0.58.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Friday, February 20th. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.68). Lamar Advertising had a net margin of 25.91% and a return on equity of 58.58%. The business had revenue of $595.93 million during the quarter, compared to analyst estimates of $592.70 million. Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. As a group, equities analysts forecast that Lamar Advertising Company will post 8.23 earnings per share for the current year.

Lamar Advertising Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a $1.60 dividend. The ex-dividend date of this dividend was Monday, March 16th. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.55. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.6%. Lamar Advertising’s payout ratio is 110.92%.

Insider Activity

In other news, EVP Ross Lamar Reilly sold 5,969 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $128.65, for a total transaction of $767,911.85. Following the completion of the sale, the executive vice president owned 15,850 shares in the company, valued at approximately $2,039,102.50. This trade represents a 27.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 15.24% of the company’s stock.

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.