Lamar Advertising Company (NASDAQ:LAMR) Given Average Recommendation of “Moderate Buy” by Analysts

Lamar Advertising Company (NASDAQ:LAMR) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $148.00.

Several analysts recently issued reports on LAMR shares. Morgan Stanley set a $145.00 target price on Lamar Advertising in a research note on Thursday, May 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. TD Cowen raised their target price on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Finally, Wells Fargo & Company raised their target price on Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th.

Institutional Trading of Lamar Advertising

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Knights of Columbus Asset Advisors LLC purchased a new position in shares of Lamar Advertising during the fourth quarter valued at approximately $1,872,000. SG Americas Securities LLC lifted its holdings in shares of Lamar Advertising by 323.6% during the fourth quarter. SG Americas Securities LLC now owns 75,297 shares of the real estate investment trust’s stock valued at $9,531,000 after purchasing an additional 57,520 shares during the last quarter. Berkshire Hathaway Inc lifted its holdings in shares of Lamar Advertising by 2.8% during the third quarter. Berkshire Hathaway Inc now owns 1,202,110 shares of the real estate investment trust’s stock valued at $147,162,000 after purchasing an additional 32,603 shares during the last quarter. Markel Group Inc. lifted its holdings in shares of Lamar Advertising by 8.8% during the fourth quarter. Markel Group Inc. now owns 185,000 shares of the real estate investment trust’s stock valued at $23,417,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Lamar Advertising by 4.6% during the fourth quarter. Legal & General Group Plc now owns 232,235 shares of the real estate investment trust’s stock valued at $29,396,000 after purchasing an additional 10,265 shares during the last quarter. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Lamar Advertising Stock Up 1.1%

Shares of NASDAQ:LAMR opened at $156.00 on Friday. The stock’s 50-day moving average price is $147.28 and its 200-day moving average price is $136.29. Lamar Advertising has a 12-month low of $113.66 and a 12-month high of $158.69. The stock has a market capitalization of $15.83 billion, a P/E ratio of 28.78 and a beta of 1.20. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.33.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%.The firm had revenue of $528.00 million for the quarter, compared to analysts’ expectations of $522.86 million. On average, equities analysts anticipate that Lamar Advertising will post 8.41 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $1.60 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $6.40 annualized dividend and a yield of 4.1%. Lamar Advertising’s dividend payout ratio (DPR) is 118.08%.

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.