Lamar Advertising (NASDAQ:LAMR) Receives $133.40 Consensus Price Target from Brokerages

Shares of Lamar Advertising (NASDAQ:LAMR) have been given an average rating of “Hold” by the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $133.40.

LAMR has been the subject of several analyst reports. Morgan Stanley boosted their price objective on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. TD Cowen boosted their price objective on Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Wells Fargo & Company cut their target price on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. StockNews.com downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. cut their target price on Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating for the company in a research report on Friday.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LAMR. Creative Planning increased its holdings in shares of Lamar Advertising by 1.1% in the third quarter. Creative Planning now owns 12,011 shares of the real estate investment trust’s stock valued at $1,605,000 after buying an additional 131 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Lamar Advertising by 444.1% in the third quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 151 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Lamar Advertising by 84.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,970 shares of the real estate investment trust’s stock valued at $664,000 after buying an additional 2,274 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in shares of Lamar Advertising by 2.2% in the third quarter. Foundations Investment Advisors LLC now owns 3,744 shares of the real estate investment trust’s stock valued at $500,000 after buying an additional 80 shares in the last quarter. Finally, Eastern Bank acquired a new stake in Lamar Advertising during the 3rd quarter valued at $68,000. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Stock Performance

Shares of LAMR stock opened at $121.91 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. The business has a 50 day moving average of $124.60 and a two-hundred day moving average of $127.59. The company has a market cap of $12.48 billion, a P/E ratio of 34.54 and a beta of 1.51. Lamar Advertising has a 52 week low of $107.22 and a 52 week high of $139.88.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.74. The business had revenue of $579.57 million during the quarter, compared to the consensus estimate of $583.19 million. Lamar Advertising had a return on equity of 30.20% and a net margin of 16.40%. As a group, analysts anticipate that Lamar Advertising will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $1.55 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.20 annualized dividend and a dividend yield of 5.09%. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.40. Lamar Advertising’s dividend payout ratio is currently 175.64%.

Lamar Advertising Company Profile

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.