SEB Asset Management AB Takes Position in Lamar Advertising Company $LAMR

SEB Asset Management AB purchased a new stake in Lamar Advertising Company (NASDAQ:LAMR) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,426 shares of the real estate investment trust’s stock, valued at approximately $1,321,000.

A number of other hedge funds have also recently added to or reduced their stakes in LAMR. Swiss National Bank lifted its stake in Lamar Advertising by 0.4% in the first quarter. Swiss National Bank now owns 171,838 shares of the real estate investment trust’s stock valued at $21,765,000 after acquiring an additional 600 shares during the last quarter. MTM Investment Management LLC boosted its holdings in Lamar Advertising by 121.5% during the first quarter. MTM Investment Management LLC now owns 5,760 shares of the real estate investment trust’s stock valued at $730,000 after acquiring an additional 3,160 shares during the period. Simon Quick Advisors LLC acquired a new stake in Lamar Advertising in the 1st quarter valued at approximately $253,000. Kera Capital Partners Inc. grew its stake in shares of Lamar Advertising by 4.4% in the first quarter. Kera Capital Partners Inc. now owns 7,269 shares of the real estate investment trust’s stock worth $921,000 after acquiring an additional 307 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Lamar Advertising by 13.5% during the 1st quarter. Assetmark Inc. now owns 137,988 shares of the real estate investment trust’s stock worth $17,478,000 after purchasing an additional 16,365 shares during the period. Institutional investors and hedge funds own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. TD Cowen raised their price objective on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Citigroup downgraded Lamar Advertising from a “buy” rating to a “neutral” rating and raised their target price for the stock from $145.00 to $160.00 in a research report on Friday, July 10th. Morgan Stanley set a $145.00 target price on shares of Lamar Advertising in a report on Thursday, May 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $153.00 price target on shares of Lamar Advertising in a report on Wednesday. Finally, Wells Fargo & Company lifted their target price on Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lamar Advertising presently has a consensus rating of “Hold” and an average price target of $154.67.

Lamar Advertising Price Performance

NASDAQ LAMR opened at $157.73 on Friday. The company has a market capitalization of $16.00 billion, a PE ratio of 29.10 and a beta of 1.19. Lamar Advertising Company has a 12-month low of $113.66 and a 12-month high of $164.38. The firm’s 50 day moving average is $154.27 and its 200-day moving average is $140.51. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.33.

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

Lamar Advertising Dividend Announcement

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

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.