Lamar Advertising (NASDAQ:LAMR) has received a consensus rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $73.00.

Several equities research analysts have weighed in on the company. BidaskClub upgraded Lamar Advertising from a “hold” rating to a “buy” rating in a report on Thursday. Morgan Stanley lowered their target price on Lamar Advertising from $75.00 to $68.00 and set an “equal weight” rating for the company in a report on Monday, September 18th. Finally, ValuEngine cut Lamar Advertising from a “buy” rating to a “hold” rating in a report on Friday, September 22nd.

Shares of Lamar Advertising (LAMR) traded up $0.34 during mid-day trading on Monday, hitting $76.91. The company’s stock had a trading volume of 297,536 shares, compared to its average volume of 595,041. Lamar Advertising has a twelve month low of $62.45 and a twelve month high of $79.09. The stock has a market cap of $6,430.00, a PE ratio of 15.35 and a beta of 1.15. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.23.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Monday, November 6th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.34). Lamar Advertising had a return on equity of 29.03% and a net margin of 20.33%. The firm had revenue of $399.30 million during the quarter, compared to analysts’ expectations of $392.10 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. Lamar Advertising’s quarterly revenue was up 3.0% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 18th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Friday, December 15th. Lamar Advertising’s payout ratio is 105.06%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA bought a new position in shares of Lamar Advertising in the 3rd quarter worth $164,000. Westpac Banking Corp bought a new position in shares of Lamar Advertising in the 2nd quarter worth $176,000. Penserra Capital Management LLC raised its position in shares of Lamar Advertising by 9.5% in the 2nd quarter. Penserra Capital Management LLC now owns 2,478 shares of the real estate investment trust’s stock worth $182,000 after acquiring an additional 214 shares in the last quarter. Verity Asset Management Inc. bought a new position in shares of Lamar Advertising in the 2nd quarter worth $204,000. Finally, Argent Trust Co bought a new position in shares of Lamar Advertising in the 3rd quarter worth $207,000. 84.42% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Lamar Advertising (NASDAQ:LAMR)

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