Lamar Advertising (NASDAQ:LAMR) Director Thomas Reifenheiser Sells 8,099 Shares of Stock

Lamar Advertising Company (NASDAQ:LAMR) Director Thomas Reifenheiser sold 8,099 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $149.03, for a total transaction of $1,206,993.97. Following the completion of the transaction, the director directly owned 36,387 shares of the company’s stock, valued at $5,422,754.61. This trade represents a 18.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Lamar Advertising Stock Down 0.2%

Shares of NASDAQ LAMR opened at $147.53 on Thursday. Lamar Advertising Company has a 12-month low of $114.45 and a 12-month high of $166.33. The stock’s fifty day simple moving average is $155.08 and its two-hundred day simple moving average is $146.86. The stock has a market capitalization of $14.98 billion, a PE ratio of 26.92 and a beta of 1.17. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.29.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 EPS for the quarter, hitting the consensus estimate of $1.58. Lamar Advertising had a return on equity of 54.94% and a net margin of 23.90%.The firm had revenue of $616.75 million during the quarter, compared to analyst estimates of $606.61 million. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. As a group, analysts expect that Lamar Advertising Company will post 8.43 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $1.65 per share. The ex-dividend date of this dividend is Monday, September 21st. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.60. This represents a $6.60 dividend on an annualized basis and a yield of 4.5%. Lamar Advertising’s dividend payout ratio is currently 116.79%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LAMR shares. JPMorgan Chase & Co. increased their price objective on shares of Lamar Advertising from $153.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a report on Wednesday, August 19th. Wells Fargo & Company lifted their price objective on shares of 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 lowered shares of Lamar Advertising from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $145.00 to $160.00 in a report on Friday, July 10th. Finally, Morgan Stanley set a $170.00 target price on Lamar Advertising in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $160.17.

Institutional Trading of Lamar Advertising

Large investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Lamar Advertising during the 4th quarter worth about $104,705,000. Quantinno Capital Management LP grew its position in shares of Lamar Advertising by 49.7% during the 1st quarter. Quantinno Capital Management LP now owns 677,202 shares of the real estate investment trust’s stock valued at $85,774,000 after acquiring an additional 224,775 shares during the period. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Lamar Advertising in the 2nd quarter valued at about $26,469,000. Miller Howard Investments Inc. NY raised its holdings in Lamar Advertising by 48.5% in the 1st quarter. Miller Howard Investments Inc. NY now owns 468,026 shares of the real estate investment trust’s stock worth $59,280,000 after purchasing an additional 152,833 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Lamar Advertising in the 2nd quarter worth about $20,052,000. 93.78% of the stock is owned by hedge funds and other institutional investors.

About Lamar Advertising

Lamar Advertising Company is an outdoor advertising company that provides businesses and organizations with advertising displays across the United States. Its offerings include traditional and digital billboards, as well as advertising displays on buses, benches, shelters and other transit-related assets.

The company also provides advertising opportunities at airports and other specialty locations. Its digital display network enables advertisers to deliver changing messages and campaigns, while its traditional billboard inventory supports longer-term brand awareness and local advertising initiatives.

Founded in 1902, Lamar Advertising has grown from a regional sign and billboard business into one of North America’s major out-of-home advertising providers.