Vancity Investment Management Ltd Sells 6,622 Shares of Lamar Advertising Company $LAMR

Vancity Investment Management Ltd trimmed its stake in Lamar Advertising Company (NASDAQ:LAMR) by 12.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,467 shares of the real estate investment trust’s stock after selling 6,622 shares during the period. Vancity Investment Management Ltd’s holdings in Lamar Advertising were worth $7,404,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. California State Teachers Retirement System grew its stake in shares of Lamar Advertising by 16,163.1% during the second quarter. California State Teachers Retirement System now owns 15,762,403 shares of the real estate investment trust’s stock valued at $2,458,620,000 after buying an additional 15,665,482 shares during the last quarter. Norges Bank purchased a new position in Lamar Advertising during the 4th quarter valued at $104,705,000. AQR Capital Management LLC grew its position in Lamar Advertising by 123.8% in 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 during the last quarter. Invesco Ltd. grew its position in Lamar Advertising by 97.8% in 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 during the last quarter. Finally, Northern Trust Corp increased its stake in 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 purchasing an additional 314,235 shares during the period. Institutional investors own 93.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LAMR shares. Morgan Stanley set a $170.00 price target on shares of Lamar Advertising in a report on Friday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Lamar Advertising from $153.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Wells Fargo & Company increased their price objective on Lamar Advertising from $150.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 12th. Citigroup cut 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 research note on Friday, July 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a report on Wednesday, August 19th. 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, Lamar Advertising has an average rating of “Hold” and a consensus price target of $160.17.

Lamar Advertising Stock Performance

Shares of LAMR stock opened at $150.76 on Monday. The firm has a market cap of $15.31 billion, a price-to-earnings ratio of 27.51 and a beta of 1.17. Lamar Advertising Company has a 52-week low of $114.45 and a 52-week high of $166.33. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.29. The company’s 50 day moving average is $156.49 and its 200 day moving average is $146.01.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results 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. The business had revenue of $616.75 million for the quarter, compared to analysts’ expectations of $606.61 million. Lamar Advertising had a return on equity of 54.94% and a net margin of 23.90%.Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. On average, sell-side analysts anticipate that Lamar Advertising Company will post 8.43 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a $1.65 dividend. This represents a $6.60 annualized dividend and a yield of 4.4%. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.60. The ex-dividend date is Monday, September 21st. Lamar Advertising’s payout ratio is presently 116.79%.

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.