Militia Capital Management LLC Buys Shares of 22,100 Lamar Advertising Company $LAMR

Militia Capital Management LLC bought a new position in shares of Lamar Advertising Company (NASDAQ:LAMR) during the first quarter, HoldingsChannel reports. The fund bought 22,100 shares of the real estate investment trust’s stock, valued at approximately $2,799,000.

Other institutional investors also recently modified their holdings of the company. Tucker Asset Management LLC acquired a new stake in shares of Lamar Advertising during the 4th quarter valued at $25,000. Sound Income Strategies LLC grew its position in Lamar Advertising by 151.0% during the 4th quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 151 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Lamar Advertising in the 3rd quarter worth about $33,000. Beacon Financial Strategies CORP acquired a new position in Lamar Advertising in the 4th quarter worth about $35,000. Finally, Larson Financial Group LLC increased its holdings in Lamar Advertising by 48.1% in the 4th quarter. Larson Financial Group LLC now owns 317 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 103 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Lamar Advertising Stock Down 0.7%

Shares of LAMR opened at $158.91 on Thursday. The company has a market capitalization of $16.12 billion, a PE ratio of 29.32 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 stock’s 50-day moving average price is $154.06 and its two-hundred day moving average price is $140.27. The company has a current ratio of 0.58, a quick 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 for the quarter, beating the consensus estimate of $0.82 by $0.18. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%.The company had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $522.86 million. On average, analysts anticipate that Lamar Advertising Company will post 8.41 EPS for the current year.

Lamar Advertising Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a $1.60 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $6.40 annualized dividend and a yield of 4.0%. Lamar Advertising’s dividend payout ratio is presently 118.08%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LAMR. TD Cowen lifted their price target on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Morgan Stanley set a $145.00 price objective on Lamar Advertising in a research note on Thursday, May 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Wells Fargo & Company lifted their target price on shares of Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $153.00 target price on shares of Lamar Advertising in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $154.67.

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.