Syon Capital LLC Acquires 3,930 Shares of Lamar Advertising Company $LAMR

Syon Capital LLC grew its holdings in shares of Lamar Advertising Company (NASDAQ:LAMR) by 161.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,369 shares of the real estate investment trust’s stock after purchasing an additional 3,930 shares during the period. Syon Capital LLC’s holdings in Lamar Advertising were worth $806,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LAMR. M&T Bank Corp raised its holdings in shares of Lamar Advertising by 12,278.7% in the 4th quarter. M&T Bank Corp now owns 1,147,876 shares of the real estate investment trust’s stock valued at $145,298,000 after purchasing an additional 1,138,603 shares during the period. Norges Bank bought a new stake in shares of Lamar Advertising in the 4th quarter valued at about $104,705,000. AQR Capital Management LLC raised its holdings in shares of Lamar Advertising by 123.8% in the 2nd 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 purchasing an additional 816,217 shares during the period. Egerton Capital UK LLP bought a new stake in shares of Lamar Advertising in the 3rd quarter valued at about $88,615,000. Finally, Invesco Ltd. raised its holdings in shares of Lamar Advertising by 97.8% in the 3rd quarter. Invesco Ltd. now owns 991,990 shares of the real estate investment trust’s stock valued at $121,439,000 after purchasing an additional 490,463 shares during the period. 93.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Ross Lamar Reilly sold 5,969 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $128.65, for a total value of $767,911.85. Following the transaction, the executive vice president owned 15,850 shares in the company, valued at approximately $2,039,102.50. This represents a 27.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 15.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LAMR shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. UBS Group set a $150.00 target price on shares of Lamar Advertising in a report on Monday, February 23rd. Wells Fargo & Company upped their target price on shares of Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Morgan Stanley set a $145.00 target price on shares of Lamar Advertising in a report on Thursday, May 7th. Finally, TD Cowen upped their target price on shares of Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.00.

Lamar Advertising Stock Up 0.6%

Shares of LAMR opened at $150.54 on Wednesday. Lamar Advertising Company has a 52 week low of $113.66 and a 52 week high of $158.69. The firm has a market cap of $15.28 billion, a P/E ratio of 27.77 and a beta of 1.20. The firm’s 50-day simple moving average is $141.46 and its 200 day simple moving average is $134.46. 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 (NASDAQ:LAMR) last announced its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. The business had revenue of $528.00 million for the quarter, compared to analyst estimates of $522.86 million. On average, analysts forecast that Lamar Advertising Company will post 8.41 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $1.60 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $6.40 dividend on an annualized basis and a yield of 4.3%. Lamar Advertising’s dividend payout ratio is 118.08%.

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.