K.J. Harrison & Partners Inc Takes Position in Lamar Advertising Company $LAMR

K.J. Harrison & Partners Inc bought a new stake in shares of Lamar Advertising Company (NASDAQ:LAMR) during the 1st quarter, HoldingsChannel.com reports. The fund bought 4,000 shares of the real estate investment trust’s stock, valued at approximately $507,000.

Several other institutional investors have also bought and sold shares of LAMR. Howe & Rusling Inc. lifted its stake in Lamar Advertising by 2.5% during the 1st quarter. Howe & Rusling Inc. now owns 50,781 shares of the real estate investment trust’s stock valued at $6,432,000 after acquiring an additional 1,229 shares in the last quarter. Praxis Investment Management Inc. boosted its holdings in Lamar Advertising by 2.7% during the 1st quarter. Praxis Investment Management Inc. now owns 2,846 shares of the real estate investment trust’s stock worth $360,000 after acquiring an additional 76 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of Lamar Advertising by 9.0% in the 1st quarter. QRG Capital Management Inc. now owns 8,234 shares of the real estate investment trust’s stock worth $1,043,000 after acquiring an additional 678 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of Lamar Advertising by 10.8% in the 1st quarter. HB Wealth Management LLC now owns 10,525 shares of the real estate investment trust’s stock worth $1,333,000 after acquiring an additional 1,026 shares in the last quarter. Finally, Baer Investment Advisory LLC purchased a new stake in shares of Lamar Advertising in the first quarter valued at about $653,000. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Price Performance

LAMR opened at $157.56 on Monday. The firm has a market cap of $15.99 billion, a P/E ratio of 29.07 and a beta of 1.19. The firm has a 50-day moving average of $149.50 and a 200 day moving average of $137.31. 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 Company has a fifty-two week low of $113.66 and a fifty-two week high of $158.69.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, topping the consensus estimate of $0.82 by $0.18. The business 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%. On average, research analysts expect that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were paid a dividend of $1.60 per share. The ex-dividend date was Tuesday, June 16th. This represents a $6.40 annualized dividend and a dividend yield of 4.1%. Lamar Advertising’s dividend payout ratio (DPR) is presently 118.08%.

Analyst Ratings Changes

LAMR has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target 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. TD Cowen upped their price objective on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. Finally, Morgan Stanley set a $145.00 target price on shares of Lamar Advertising in a research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.