Lamar Advertising Company $LAMR Position Lowered by Hamlin Capital Management LLC

Hamlin Capital Management LLC reduced its position in Lamar Advertising Company (NASDAQ:LAMR) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,392,167 shares of the real estate investment trust’s stock after selling 32,878 shares during the period. Lamar Advertising makes up approximately 4.2% of Hamlin Capital Management LLC’s holdings, making the stock its 8th largest holding. Hamlin Capital Management LLC owned approximately 1.37% of Lamar Advertising worth $176,220,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Berkshire Hathaway Inc acquired a new position in Lamar Advertising during the second quarter valued at approximately $141,931,000. Norges Bank purchased a new stake in Lamar Advertising during the second quarter worth approximately $116,240,000. AQR Capital Management LLC grew its stake in Lamar Advertising by 123.8% during the second quarter. AQR Capital Management LLC now owns 1,475,525 shares of the real estate investment trust’s stock worth $177,152,000 after buying an additional 816,217 shares during the period. Egerton Capital UK LLP acquired a new stake in shares of Lamar Advertising in the third quarter worth $88,615,000. Finally, Invesco Ltd. increased its position in shares of Lamar Advertising by 97.8% in the third quarter. Invesco Ltd. now owns 991,990 shares of the real estate investment trust’s stock worth $121,439,000 after acquiring an additional 490,463 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Lamar Advertising Stock Down 2.2%

Shares of Lamar Advertising stock opened at $124.57 on Friday. Lamar Advertising Company has a 1-year low of $99.84 and a 1-year high of $139.76. The company has a market capitalization of $12.62 billion, a PE ratio of 21.59 and a beta of 1.21. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.58 and a quick ratio of 0.58. The business has a 50-day moving average of $132.30 and a 200-day moving average of $127.83.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Friday, February 20th. The real estate investment trust reported $1.50 EPS for the quarter, missing the consensus estimate of $2.18 by ($0.68). The business had revenue of $595.93 million during the quarter, compared to analyst estimates of $592.70 million. Lamar Advertising had a return on equity of 58.58% and a net margin of 25.91%.Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. As a group, equities analysts forecast that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Monday, March 16th. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.55. Lamar Advertising’s dividend payout ratio is currently 110.92%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LAMR. Wells Fargo & Company lifted their target price on shares of Lamar Advertising from $121.00 to $136.00 and gave the company an “equal weight” rating in a report on Tuesday, February 24th. Morgan Stanley set a $140.00 price objective on Lamar Advertising in a research report on Tuesday, December 16th. Weiss Ratings upgraded Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research note on Monday, February 23rd. TD Cowen reaffirmed a “buy” rating on shares of Lamar Advertising in a research report on Monday, February 23rd. Finally, UBS Group set a $150.00 target price on Lamar Advertising in a research note on Monday, February 23rd. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $139.80.

Lamar Advertising Company 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.