Vanguard Group Inc. decreased its position in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,494,692 shares of the real estate investment trust's stock after selling 70,258 shares during the period. Vanguard Group Inc. owned approximately 12.21% of Lamar Advertising worth $1,521,104,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC increased its position in Lamar Advertising by 2.9% during the third quarter. Janus Henderson Group PLC now owns 4,248,660 shares of the real estate investment trust's stock valued at $567,632,000 after acquiring an additional 119,068 shares during the last quarter. State Street Corp increased its stake in shares of Lamar Advertising by 0.8% during the third quarter. State Street Corp now owns 2,640,356 shares of the real estate investment trust's stock valued at $352,752,000 after buying an additional 21,852 shares during the period. Boston Partners lifted its position in shares of Lamar Advertising by 6.7% in the 4th quarter. Boston Partners now owns 2,423,981 shares of the real estate investment trust's stock worth $295,122,000 after purchasing an additional 152,575 shares during the period. Geode Capital Management LLC increased its holdings in Lamar Advertising by 4.6% during the third quarter. Geode Capital Management LLC now owns 2,054,962 shares of the real estate investment trust's stock valued at $274,595,000 after buying an additional 90,775 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Lamar Advertising by 45.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,974,848 shares of the real estate investment trust's stock worth $263,840,000 after acquiring an additional 617,356 shares in the last quarter. Institutional investors own 93.78% of the company's stock.
Lamar Advertising Trading Down 0.4 %
NASDAQ:LAMR traded down $0.42 on Tuesday, reaching $113.36. The company's stock had a trading volume of 488,603 shares, compared to its average volume of 449,498. The firm has a market cap of $11.61 billion, a price-to-earnings ratio of 32.11 and a beta of 1.53. Lamar Advertising has a 12-month low of $108.80 and a 12-month high of $139.88. The stock has a 50 day moving average price of $121.86 and a 200 day moving average price of $126.75. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.74. Lamar Advertising had a return on equity of 30.20% and a net margin of 16.40%. The business had revenue of $579.57 million for the quarter, compared to analysts' expectations of $583.19 million. On average, equities analysts anticipate that Lamar Advertising will post 7.92 EPS for the current fiscal year.
Lamar Advertising Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $1.55 dividend. This is a boost from Lamar Advertising's previous quarterly dividend of $1.40. The ex-dividend date was Friday, March 14th. This represents a $6.20 annualized dividend and a dividend yield of 5.47%. Lamar Advertising's dividend payout ratio is presently 175.64%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on LAMR shares. JPMorgan Chase & Co. lowered their price target on shares of Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Citigroup lifted their target price on Lamar Advertising from $121.76 to $128.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Lamar Advertising has an average rating of "Hold" and an average price target of $134.60.
View Our Latest Report on Lamar Advertising
Lamar Advertising Company Profile
(
Free Report)
Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.
Recommended Stories
Before you consider Lamar Advertising, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lamar Advertising wasn't on the list.
While Lamar Advertising currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
