Caprock Group LLC Makes New Investment in Lamar Advertising Company $LAMR

Caprock Group LLC acquired a new position in Lamar Advertising Company (NASDAQ:LAMR) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,014 shares of the real estate investment trust’s stock, valued at approximately $1,020,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its holdings in shares of Lamar Advertising by 31.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 45,951 shares of the real estate investment trust’s stock valued at $5,625,000 after acquiring an additional 10,982 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Lamar Advertising by 0.8% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 97,106 shares of the real estate investment trust’s stock valued at $11,785,000 after purchasing an additional 733 shares during the period. Meixler Investment Management Ltd. boosted its holdings in Lamar Advertising by 47.0% in the second quarter. Meixler Investment Management Ltd. now owns 9,650 shares of the real estate investment trust’s stock worth $1,171,000 after purchasing an additional 3,086 shares during the last quarter. Gateway Investment Advisers LLC boosted its holdings in Lamar Advertising by 89.4% in the third quarter. Gateway Investment Advisers LLC now owns 74,254 shares of the real estate investment trust’s stock worth $9,090,000 after purchasing an additional 35,048 shares during the last quarter. Finally, Creative Planning grew its position in Lamar Advertising by 22.0% in the 2nd quarter. Creative Planning now owns 16,087 shares of the real estate investment trust’s stock worth $1,952,000 after purchasing an additional 2,905 shares during the period. 93.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LAMR has been the topic of several research reports. Morgan Stanley set a $140.00 target price on Lamar Advertising in a research report on Tuesday, December 16th. JPMorgan Chase & Co. increased their target price on Lamar Advertising from $122.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Lamar Advertising in a research report on Monday, December 29th. Finally, Citigroup lifted their target price on Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $133.00.

Lamar Advertising Stock Up 0.4%

LAMR stock opened at $131.79 on Monday. The company has a market capitalization of $13.35 billion, a P/E ratio of 30.94 and a beta of 1.23. Lamar Advertising Company has a 12 month low of $99.84 and a 12 month high of $136.69. The firm’s fifty day simple moving average is $128.99 and its 200-day simple moving average is $125.90. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.59 and a quick ratio of 0.59.

Lamar Advertising Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a $1.55 dividend. This represents a $6.20 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Monday, December 22nd. Lamar Advertising’s payout ratio is currently 145.54%.

About Lamar Advertising

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.