Centersquare Investment Management LLC Reduces Holdings in Lamar Advertising Company $LAMR

Centersquare Investment Management LLC lowered its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 2.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 289,004 shares of the real estate investment trust’s stock after selling 8,720 shares during the period. Centersquare Investment Management LLC owned about 0.29% of Lamar Advertising worth $35,380,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LAMR. Geode Capital Management LLC raised its holdings in shares of Lamar Advertising by 27.8% in the second quarter. Geode Capital Management LLC now owns 2,344,637 shares of the real estate investment trust’s stock valued at $284,577,000 after buying an additional 510,025 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Lamar Advertising by 123.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,475,525 shares of the real estate investment trust’s stock valued at $177,152,000 after buying an additional 816,217 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Lamar Advertising by 0.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,299,419 shares of the real estate investment trust’s stock worth $157,697,000 after purchasing an additional 5,080 shares in the last quarter. Berkshire Hathaway Inc purchased a new stake in Lamar Advertising during the second quarter worth about $141,931,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Lamar Advertising by 4.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,162,468 shares of the real estate investment trust’s stock worth $141,077,000 after acquiring an additional 52,800 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of Lamar Advertising from $121.00 to $136.00 and gave the company an “equal weight” rating in a research note on Tuesday. TD Cowen restated a “buy” rating on shares of Lamar Advertising in a report on Monday. JPMorgan Chase & Co. upped their target price on Lamar Advertising from $122.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. UBS Group set a $150.00 price target on Lamar Advertising in a research note on Monday. Finally, Citigroup upped their price objective on shares of Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $139.80.

Lamar Advertising Price Performance

LAMR stock opened at $135.02 on Thursday. The company has a market cap of $13.67 billion, a PE ratio of 23.40 and a beta of 1.23. The company has a current ratio of 0.58, a quick ratio of 0.59 and a debt-to-equity ratio of 3.10. The stock has a 50-day moving average price of $129.63 and a two-hundred day moving average price of $126.48. Lamar Advertising Company has a 12-month low of $99.84 and a 12-month high of $136.69.

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

Lamar Advertising Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given 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 4.6%. Lamar Advertising’s dividend payout ratio is presently 107.45%.

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.