16,300 Shares in Lamar Advertising Company $LAMR Purchased by DigitalBridge Group Inc.

DigitalBridge Group Inc. purchased a new stake in shares of Lamar Advertising Company (NASDAQ:LAMR) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 16,300 shares of the real estate investment trust’s stock, valued at approximately $1,995,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LAMR. Berkshire Hathaway Inc purchased a new position in shares of Lamar Advertising during the second quarter valued at approximately $141,931,000. Norges Bank bought a new position in Lamar Advertising during the 2nd quarter valued at approximately $116,240,000. AQR Capital Management LLC raised its stake in Lamar Advertising by 123.8% during the second 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 buying an additional 816,217 shares during the last quarter. Egerton Capital UK LLP purchased a new position in Lamar Advertising during the third quarter valued at $88,615,000. Finally, Invesco Ltd. grew its stake in shares of Lamar Advertising by 97.8% in the third quarter. Invesco Ltd. now owns 991,990 shares of the real estate investment trust’s stock worth $121,439,000 after acquiring an additional 490,463 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Lamar Advertising Stock Up 0.3%

Lamar Advertising stock opened at $134.10 on Wednesday. Lamar Advertising Company has a one year low of $99.84 and a one year high of $139.76. The stock has a fifty day moving average of $132.33 and a 200 day moving average of $127.82. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market cap of $13.59 billion, a PE ratio of 23.24 and a beta of 1.21.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Friday, February 20th. The real estate investment trust reported $1.50 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($0.68). Lamar Advertising had a return on equity of 58.58% and a net margin of 25.91%.The business had revenue of $595.93 million during the quarter, compared to the consensus estimate of $592.70 million. Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. As a group, sell-side analysts predict that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a dividend of $1.60 per share. 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 4.8%. The ex-dividend date is Monday, March 16th. Lamar Advertising’s dividend payout ratio (DPR) is currently 110.92%.

Wall Street Analysts Forecast Growth

LAMR has been the subject of several recent analyst reports. UBS Group set a $150.00 target price on shares of Lamar Advertising in a report on Monday, February 23rd. Weiss Ratings raised Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, February 23rd. Morgan Stanley set a $140.00 target price on Lamar Advertising in a research note on Tuesday, December 16th. Wells Fargo & Company boosted their price target on Lamar Advertising from $121.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 24th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Lamar Advertising in a research report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.80.

Lamar Advertising Company 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.