Citigroup Inc. Sells 15,058 Shares of Lamar Advertising Company $LAMR

Citigroup Inc. lowered its stake in Lamar Advertising Company (NASDAQ:LAMR) by 12.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,879 shares of the real estate investment trust’s stock after selling 15,058 shares during the period. Citigroup Inc. owned 0.10% of Lamar Advertising worth $12,839,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. HF Advisory Group LLC raised its position in shares of Lamar Advertising by 1.6% during the third quarter. HF Advisory Group LLC now owns 5,494 shares of the real estate investment trust’s stock worth $673,000 after acquiring an additional 86 shares during the last quarter. REAP Financial Group LLC raised its holdings in Lamar Advertising by 16.3% during the 3rd quarter. REAP Financial Group LLC now owns 622 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 87 shares during the last quarter. Atalanta Sosnoff Capital LLC lifted its position in Lamar Advertising by 4.0% during the 2nd quarter. Atalanta Sosnoff Capital LLC now owns 2,475 shares of the real estate investment trust’s stock valued at $300,000 after purchasing an additional 96 shares during the period. PFG Investments LLC boosted its stake in shares of Lamar Advertising by 5.4% in the 3rd quarter. PFG Investments LLC now owns 1,895 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 97 shares during the last quarter. Finally, Argent Advisors Inc. grew its position in shares of Lamar Advertising by 0.7% during the 3rd quarter. Argent Advisors Inc. now owns 14,122 shares of the real estate investment trust’s stock worth $1,729,000 after buying an additional 98 shares during the period. Institutional investors and hedge funds own 93.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LAMR shares. Wells Fargo & Company raised 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, February 24th. Weiss Ratings upgraded Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, February 23rd. UBS Group set a $150.00 price objective on Lamar Advertising in a report on Monday, February 23rd. TD Cowen restated a “buy” rating on shares of Lamar Advertising in a report on Monday, February 23rd. Finally, Morgan Stanley set a $140.00 price target on Lamar Advertising in a research note on Tuesday, December 16th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $139.80.

Lamar Advertising Stock Up 1.5%

NASDAQ:LAMR opened at $137.74 on Friday. Lamar Advertising Company has a 1 year low of $99.84 and a 1 year high of $138.70. The stock has a 50-day moving average price of $129.97 and a two-hundred day moving average price of $126.76. The stock has a market cap of $13.96 billion, a price-to-earnings ratio of 23.87 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.

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

Lamar Advertising Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Monday, March 16th. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.55. Lamar Advertising’s dividend payout ratio (DPR) is currently 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.