Brokerages Set Lamar Advertising (NASDAQ:LAMR) PT at $132.40

Shares of Lamar Advertising (NASDAQ:LAMR) have earned an average recommendation of “Hold” from the five brokerages that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $132.40.

A number of brokerages recently weighed in on LAMR. Wells Fargo & Company reduced their price target on shares of 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. Morgan Stanley raised their price target on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. StockNews.com lowered Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, TD Cowen raised their target price on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 11th.

Lamar Advertising Stock Down 0.5 %

Shares of NASDAQ:LAMR opened at $121.37 on Friday. The business has a 50-day moving average price of $129.83 and a 200 day moving average price of $125.65. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of 24.27 and a beta of 1.50. Lamar Advertising has a 12-month low of $100.15 and a 12-month high of $139.88. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.73). The business had revenue of $564.10 million for the quarter, compared to analyst estimates of $568.91 million. Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.04 EPS. Sell-side analysts expect that Lamar Advertising will post 7.52 EPS for the current year.

Lamar Advertising Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 18th were issued a dividend of $1.40 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.61%. Lamar Advertising’s dividend payout ratio (DPR) is presently 112.00%.

Institutional Trading of Lamar Advertising

A number of institutional investors and hedge funds have recently modified their holdings of LAMR. Whittier Trust Co. increased its holdings in shares of Lamar Advertising by 144.4% during the second quarter. Whittier Trust Co. now owns 220 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 130 shares in the last quarter. Signaturefd LLC raised its holdings in Lamar Advertising by 22.0% during the 2nd quarter. Signaturefd LLC now owns 1,376 shares of the real estate investment trust’s stock worth $164,000 after buying an additional 248 shares during the period. iA Global Asset Management Inc. bought a new stake in shares of Lamar Advertising during the second quarter worth $265,000. International Assets Investment Management LLC acquired a new stake in shares of Lamar Advertising in the 2nd quarter valued at about $69,000. Finally, Hantz Financial Services Inc. bought a new stake in Lamar Advertising in the 2nd quarter valued at approximately $4,328,000. 93.78% of the stock is currently owned by institutional investors.

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.