Lamar Advertising (NASDAQ:LAMR) Receives Consensus Recommendation of “Hold” from Analysts

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

Several research analysts have recently weighed in on LAMR shares. StockNews.com cut Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. TD Cowen raised their price target on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company reduced their target price on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Finally, Morgan Stanley increased their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th.

Lamar Advertising Price Performance

Lamar Advertising stock opened at $127.82 on Wednesday. The business has a 50-day moving average of $126.21 and a 200-day moving average of $126.08. Lamar Advertising has a 1 year low of $102.10 and a 1 year high of $139.88. The firm has a market capitalization of $13.08 billion, a P/E ratio of 25.56 and a beta of 1.50. 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 data on Friday, November 8th. The real estate investment trust reported $1.44 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.73). Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The business had revenue of $564.10 million for the quarter, compared to analyst estimates of $568.91 million. During the same period in the previous year, the business posted $2.04 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities analysts anticipate that Lamar Advertising will post 7.49 EPS for the current year.

Lamar Advertising Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 18th were paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date was Wednesday, December 18th. Lamar Advertising’s dividend payout ratio is presently 112.00%.

Institutional Investors Weigh In On Lamar Advertising

Hedge funds have recently bought and sold shares of the stock. First Citizens Bank & Trust Co. lifted its holdings in shares of Lamar Advertising by 14.5% during the fourth quarter. First Citizens Bank & Trust Co. now owns 2,192 shares of the real estate investment trust’s stock worth $267,000 after buying an additional 277 shares in the last quarter. Tributary Capital Management LLC increased its holdings in shares of Lamar Advertising by 46.7% during the fourth quarter. Tributary Capital Management LLC now owns 9,692 shares of the real estate investment trust’s stock worth $1,180,000 after purchasing an additional 3,086 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in shares of Lamar Advertising by 0.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 44,424 shares of the real estate investment trust’s stock valued at $5,408,000 after buying an additional 224 shares during the period. Fifth Third Bancorp grew its position in Lamar Advertising by 40.4% during the fourth quarter. Fifth Third Bancorp now owns 5,109 shares of the real estate investment trust’s stock worth $622,000 after buying an additional 1,471 shares in the last quarter. Finally, Impact Partnership Wealth LLC increased its stake in Lamar Advertising by 24.9% during the 4th quarter. Impact Partnership Wealth LLC now owns 6,635 shares of the real estate investment trust’s stock worth $808,000 after acquiring an additional 1,323 shares during the period. 93.78% of the stock is currently owned by institutional investors and hedge funds.

About Lamar Advertising

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.