DekaBank Deutsche Girozentrale Makes New Investment in Lamar Advertising Company $LAMR

DekaBank Deutsche Girozentrale bought a new position in shares of Lamar Advertising Company (NASDAQ:LAMR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,495 shares of the real estate investment trust’s stock, valued at approximately $181,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LAMR. Oppenheimer Asset Management Inc. grew its stake in Lamar Advertising by 67.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,057 shares of the real estate investment trust’s stock worth $575,000 after buying an additional 2,033 shares during the last quarter. Bessemer Group Inc. grew its stake in Lamar Advertising by 33.9% during the 1st quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 94 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Lamar Advertising during the 1st quarter worth $28,000. Sumitomo Mitsui Trust Group Inc. grew its stake in Lamar Advertising by 1.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 96,373 shares of the real estate investment trust’s stock worth $10,965,000 after buying an additional 1,252 shares during the last quarter. Finally, KBC Group NV grew its stake in Lamar Advertising by 7.2% during the 1st quarter. KBC Group NV now owns 3,481 shares of the real estate investment trust’s stock worth $396,000 after buying an additional 234 shares during the last quarter. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Lamar Advertising Stock Performance

Shares of LAMR stock opened at $120.02 on Tuesday. The stock has a market cap of $12.15 billion, a PE ratio of 27.91 and a beta of 1.37. The business has a 50-day simple moving average of $123.45 and a 200-day simple moving average of $120.70. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.45. Lamar Advertising Company has a 52-week low of $99.84 and a 52-week high of $137.30.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.74. The company had revenue of $579.31 million during the quarter, compared to analysts’ expectations of $580.72 million. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. On average, equities analysts expect that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a dividend of $1.55 per share. The ex-dividend date was Friday, September 19th. This represents a $6.20 dividend on an annualized basis and a yield of 5.2%. Lamar Advertising’s dividend payout ratio is currently 144.19%.

Analysts Set New Price Targets

A number of brokerages have commented on LAMR. JPMorgan Chase & Co. lowered their price target on Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating for the company in a research report on Monday, August 11th. Wells Fargo & Company lowered their price target on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating for the company in a research report on Monday, August 11th. Morgan Stanley lifted their price target on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lamar Advertising in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Lamar Advertising presently has a consensus rating of “Moderate Buy” and an average price target of $134.20.

Insider Buying and Selling

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $124.28, for a total transaction of $2,734,160.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 14.99% of the company’s stock.

About Lamar Advertising

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.