Lamar Advertising Company $LAMR Shares Purchased by Tributary Capital Management LLC

Tributary Capital Management LLC raised its stake in Lamar Advertising Company (NASDAQ:LAMR) by 64.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 17,254 shares of the real estate investment trust’s stock after purchasing an additional 6,732 shares during the quarter. Tributary Capital Management LLC’s holdings in Lamar Advertising were worth $2,112,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Lamar Advertising by 5.1% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,357 shares of the real estate investment trust’s stock valued at $2,349,000 after purchasing an additional 944 shares during the last quarter. Focus Partners Wealth lifted its position in shares of Lamar Advertising by 14.6% during the 1st quarter. Focus Partners Wealth now owns 21,739 shares of the real estate investment trust’s stock worth $2,473,000 after purchasing an additional 2,768 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Lamar Advertising by 0.8% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 97,106 shares of the real estate investment trust’s stock worth $11,785,000 after purchasing an additional 733 shares in the last quarter. Millennium Management LLC grew its stake in shares of Lamar Advertising by 158.6% during the first quarter. Millennium Management LLC now owns 306,887 shares of the real estate investment trust’s stock worth $34,918,000 after purchasing an additional 188,213 shares in the last quarter. Finally, Meixler Investment Management Ltd. increased its holdings in Lamar Advertising by 47.0% in the second quarter. Meixler Investment Management Ltd. now owns 9,650 shares of the real estate investment trust’s stock valued at $1,171,000 after buying an additional 3,086 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citigroup lifted their price target on Lamar Advertising from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Lamar Advertising in a research note on Monday, December 29th. JPMorgan Chase & Co. upped their price target on Lamar Advertising from $122.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Finally, Morgan Stanley set a $140.00 price objective on shares of Lamar Advertising in a report on Tuesday, December 16th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lamar Advertising currently has a consensus rating of “Hold” and an average target price of $133.00.

Lamar Advertising Stock Down 0.1%

Lamar Advertising stock opened at $127.19 on Thursday. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.59 and a quick ratio of 0.59. Lamar Advertising Company has a 1-year low of $99.84 and a 1-year high of $134.63. The company has a market cap of $12.88 billion, a PE ratio of 29.86 and a beta of 1.23. The stock’s 50 day moving average price is $127.53 and its 200 day moving average price is $124.66.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.06. Lamar Advertising had a net margin of 19.27% and a return on equity of 43.02%. The business had revenue of $585.54 million during the quarter, compared to the consensus estimate of $584.00 million. On average, sell-side analysts predict that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Monday, December 22nd. Lamar Advertising’s dividend payout ratio (DPR) is presently 145.54%.

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.