Lamar Advertising Company (NASDAQ:LAMR) Given Average Rating of “Hold” by Brokerages

Lamar Advertising Company (NASDAQ:LAMR) has been given a consensus recommendation of “Hold” by the six analysts that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $154.6667.

Several equities research analysts have issued reports on the company. TD Cowen raised their price target on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Wells Fargo & Company upped their price objective on shares of Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Citigroup lowered shares of Lamar Advertising from a “buy” rating to a “neutral” rating and increased their price objective for the company from $145.00 to $160.00 in a research report on Friday, July 10th. JPMorgan Chase & Co. restated a “neutral” rating and set a $153.00 target price on shares of Lamar Advertising in a research note on Wednesday, July 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd.

Institutional Trading of Lamar Advertising

Hedge funds have recently added to or reduced their stakes in the company. Tucker Asset Management LLC acquired a new position in Lamar Advertising in the 4th quarter valued at $25,000. Sound Income Strategies LLC boosted its position in shares of Lamar Advertising by 151.0% in the fourth quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 151 shares during the period. Elevation Wealth Partners LLC grew its stake in shares of Lamar Advertising by 451.1% in the second quarter. Elevation Wealth Partners LLC now owns 259 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 212 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Lamar Advertising in the third quarter valued at about $33,000. Finally, Beacon Financial Strategies CORP bought a new position in Lamar Advertising during the fourth quarter worth about $35,000. 93.78% of the stock is owned by institutional investors and hedge funds.

Lamar Advertising Price Performance

NASDAQ:LAMR opened at $160.99 on Thursday. Lamar Advertising has a 12-month low of $113.66 and a 12-month high of $164.38. The firm has a market capitalization of $16.34 billion, a price-to-earnings ratio of 29.70 and a beta of 1.19. The stock’s 50 day moving average price is $154.82 and its two-hundred day moving average price is $140.99. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.33.

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

Lamar Advertising Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a $1.60 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $6.40 annualized dividend and a dividend yield of 4.0%. Lamar Advertising’s dividend payout ratio is presently 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.