Nisa Investment Advisors LLC Increases Stock Position in Lamar Advertising Company $LAMR

Nisa Investment Advisors LLC boosted its position in Lamar Advertising Company (NASDAQ:LAMR) by 31.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 45,951 shares of the real estate investment trust’s stock after purchasing an additional 10,982 shares during the period. Nisa Investment Advisors LLC’s holdings in Lamar Advertising were worth $5,625,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LAMR. Focus Partners Wealth increased its position in shares of Lamar Advertising by 14.6% during the 1st quarter. Focus Partners Wealth now owns 21,739 shares of the real estate investment trust’s stock valued at $2,473,000 after purchasing an additional 2,768 shares during the last quarter. Voya Investment Management LLC increased its holdings in Lamar Advertising by 8.4% during the first quarter. Voya Investment Management LLC now owns 76,219 shares of the real estate investment trust’s stock worth $8,672,000 after buying an additional 5,903 shares during the last quarter. Pensionfund Sabic raised its position in Lamar Advertising by 83.3% in the first quarter. Pensionfund Sabic now owns 7,700 shares of the real estate investment trust’s stock worth $876,000 after acquiring an additional 3,500 shares during the period. Kera Capital Partners Inc. purchased a new position in Lamar Advertising in the second quarter valued at about $354,000. Finally, Parallel Advisors LLC grew its position in shares of Lamar Advertising by 27.6% during the 2nd quarter. Parallel Advisors LLC now owns 1,068 shares of the real estate investment trust’s stock valued at $130,000 after acquiring an additional 231 shares during the period. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LAMR. JPMorgan Chase & Co. upped their price objective on Lamar Advertising from $122.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Lamar Advertising in a research report on Monday, December 29th. Citigroup lifted their target price on shares of Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Finally, Morgan Stanley set a $140.00 price target on shares of Lamar Advertising in a report on Tuesday, December 16th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $133.00.

Lamar Advertising Price Performance

LAMR opened at $129.41 on Monday. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.59 and a quick ratio of 0.59. The stock’s 50 day simple moving average is $127.97 and its 200 day simple moving average is $124.80. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 30.38 and a beta of 1.23. Lamar Advertising Company has a 1 year low of $99.84 and a 1 year high of $134.63.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Thursday, November 6th. The real estate investment trust reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.06. The firm had revenue of $585.54 million for the quarter, compared to analysts’ expectations of $584.00 million. Lamar Advertising had a net margin of 19.27% and a return on equity of 43.02%. As a group, analysts predict that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a $1.55 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $6.20 annualized dividend and a dividend yield of 4.8%. Lamar Advertising’s dividend payout ratio (DPR) is presently 145.54%.

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.