Lamar Advertising Company (LAMR) Receives Average Recommendation of “Hold” from Analysts
Shares of Lamar Advertising Company (NASDAQ:LAMR) have been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $73.00.
Several research firms have commented on LAMR. ValuEngine raised Lamar Advertising from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. MKM Partners cut their price target on Lamar Advertising from $72.00 to $64.00 and set a “neutral” rating for the company in a report on Wednesday, August 9th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $66.00 price target (down previously from $69.00) on shares of Lamar Advertising in a report on Friday, August 11th. BidaskClub cut Lamar Advertising from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Finally, Wells Fargo & Company cut Lamar Advertising from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 26th.
Shares of Lamar Advertising (LAMR) traded down 0.67% during midday trading on Friday, reaching $68.31. The company’s stock had a trading volume of 1,128,749 shares. The stock has a market capitalization of $5.71 billion, a P/E ratio of 22.40 and a beta of 1.09. Lamar Advertising has a 12 month low of $58.68 and a 12 month high of $79.09. The stock’s 50-day moving average is $66.40 and its 200 day moving average is $69.55.
Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.37). The business had revenue of $397.10 million for the quarter, compared to analyst estimates of $399.09 million. Lamar Advertising had a return on equity of 28.21% and a net margin of 19.75%. Lamar Advertising’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 EPS. On average, analysts expect that Lamar Advertising will post $3.11 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.83 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $3.32 annualized dividend and a yield of 4.86%. Lamar Advertising’s dividend payout ratio (DPR) is 109.21%.
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A number of institutional investors have recently bought and sold shares of LAMR. Oakbrook Investments LLC grew its stake in shares of Lamar Advertising by 0.6% in the 2nd quarter. Oakbrook Investments LLC now owns 3,570 shares of the real estate investment trust’s stock valued at $263,000 after purchasing an additional 20 shares during the period. Atlantic Trust LLC grew its stake in shares of Lamar Advertising by 0.6% in the 1st quarter. Atlantic Trust LLC now owns 8,980 shares of the real estate investment trust’s stock valued at $671,000 after purchasing an additional 50 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Lamar Advertising by 0.8% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 8,980 shares of the real estate investment trust’s stock valued at $634,000 after purchasing an additional 75 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Lamar Advertising by 0.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,185 shares of the real estate investment trust’s stock valued at $896,000 after purchasing an additional 86 shares during the period. Finally, Aureus Asset Management LLC grew its stake in shares of Lamar Advertising by 1.6% in the 2nd quarter. Aureus Asset Management LLC now owns 6,005 shares of the real estate investment trust’s stock valued at $442,000 after purchasing an additional 94 shares during the period. 85.06% of the stock is owned by hedge funds and other institutional investors.
About Lamar Advertising
Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.
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