Strs Ohio Has $7.10 Million Holdings in Lamar Advertising Company $LAMR

Strs Ohio reduced its stake in Lamar Advertising Company (NASDAQ:LAMR) by 15.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,064 shares of the real estate investment trust’s stock after selling 10,404 shares during the period. Strs Ohio’s holdings in Lamar Advertising were worth $7,101,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Lamar Advertising during the 4th quarter worth approximately $1,872,000. SG Americas Securities LLC increased its position in shares of 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 acquiring an additional 57,520 shares in the last quarter. Berkshire Hathaway Inc raised its stake in shares of 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 worth $147,162,000 after purchasing an additional 32,603 shares during the last quarter. Markel Group Inc. raised its position in Lamar Advertising by 8.8% in the 4th quarter. Markel Group Inc. now owns 185,000 shares of the real estate investment trust’s stock valued at $23,417,000 after buying an additional 15,000 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Lamar Advertising by 4.6% in the fourth quarter. Legal & General Group Plc now owns 232,235 shares of the real estate investment trust’s stock valued at $29,396,000 after purchasing an additional 10,265 shares during the last quarter. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Stock Performance

Shares of LAMR opened at $157.56 on Monday. Lamar Advertising Company has a fifty-two week low of $113.66 and a fifty-two week high of $158.69. The business has a 50-day moving average of $149.50 and a 200 day moving average of $137.31. The firm has a market cap of $15.99 billion, a P/E ratio of 29.07 and a beta of 1.19. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.58 and a current ratio of 0.58.

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, topping the consensus estimate of $0.82 by $0.18. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. The firm had revenue of $528.00 million during the quarter, compared to the consensus estimate of $522.86 million. As a group, research analysts forecast that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, June 16th. Lamar Advertising’s payout ratio is currently 118.08%.

Wall Street Analysts Forecast Growth

LAMR has been the topic of a number of recent analyst reports. TD Cowen lifted their price target on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Wells Fargo & Company increased their target price on shares of 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 restated a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. Finally, Morgan Stanley set a $145.00 price target on shares of Lamar Advertising in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Lamar Advertising has an average rating of “Moderate Buy” and an average price target of $148.00.

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.