Lamar Advertising (NASDAQ:LAMR) Receives $125.00 Consensus Target Price from Analysts

Shares of Lamar Advertising (NASDAQ:LAMR) have been given an average rating of “Hold” by the five brokerages that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $125.00.

LAMR has been the subject of a number of recent analyst reports. Wells Fargo & Company initiated coverage on Lamar Advertising in a report on Thursday, September 19th. They issued an “equal weight” rating and a $132.00 target price for the company. TD Cowen boosted their price objective on shares of Lamar Advertising from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, August 9th. JPMorgan Chase & Co. increased their target price on shares of Lamar Advertising from $117.00 to $121.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, StockNews.com raised Lamar Advertising from a “hold” rating to a “buy” rating in a research note on Friday, October 18th.

Lamar Advertising Stock Down 4.7 %

Shares of Lamar Advertising stock opened at $128.58 on Friday. Lamar Advertising has a one year low of $91.20 and a one year high of $139.88. The company has a market cap of $13.15 billion, a P/E ratio of 25.72 and a beta of 1.52. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a fifty day moving average of $131.75 and a two-hundred day moving average of $122.90.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.67). Lamar Advertising had a net margin of 23.34% and a return on equity of 42.18%. The firm had revenue of $565.25 million during the quarter, compared to analyst estimates of $564.96 million. During the same quarter in the previous year, the business earned $1.90 EPS. Lamar Advertising’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts forecast that Lamar Advertising will post 7.75 earnings per share for the current year.

Lamar Advertising Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 18th were given a dividend of $1.40 per share. The ex-dividend date was Wednesday, September 18th. This represents a $5.60 dividend on an annualized basis and a yield of 4.36%. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.30. Lamar Advertising’s payout ratio is presently 112.00%.

Institutional Trading of Lamar Advertising

Several large investors have recently modified their holdings of the business. Quest Partners LLC purchased a new stake in Lamar Advertising in the 3rd quarter valued at approximately $2,603,000. Thrivent Financial for Lutherans raised its holdings in shares of Lamar Advertising by 27.0% in the third quarter. Thrivent Financial for Lutherans now owns 28,382 shares of the real estate investment trust’s stock worth $3,792,000 after acquiring an additional 6,034 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Lamar Advertising by 6.4% in the third quarter. Natixis Advisors LLC now owns 64,288 shares of the real estate investment trust’s stock valued at $8,589,000 after acquiring an additional 3,846 shares in the last quarter. Coastline Trust Co acquired a new stake in shares of Lamar Advertising during the third quarter valued at $134,000. Finally, Empowered Funds LLC increased its position in Lamar Advertising by 17.1% during the 3rd quarter. Empowered Funds LLC now owns 16,765 shares of the real estate investment trust’s stock worth $2,240,000 after purchasing an additional 2,453 shares in the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.

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.