Analysts Set Lamar Advertising Company (NASDAQ:LAMR) Price Target at $134.20

Shares of Lamar Advertising Company (NASDAQ:LAMR) have earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $134.20.

A number of research firms have recently commented on LAMR. JPMorgan Chase & Co. lowered their target price on Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, August 11th. Wells Fargo & Company lowered their target price on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating for the company in a research note on Monday, August 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Lamar Advertising in a research note on Saturday, September 27th. Finally, Morgan Stanley raised their target price on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th.

Lamar Advertising Trading Down 0.8%

NASDAQ LAMR opened at $122.20 on Friday. Lamar Advertising has a fifty-two week low of $99.84 and a fifty-two week high of $139.88. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a 50 day simple moving average of $123.98 and a two-hundred day simple moving average of $119.74. The stock has a market cap of $12.37 billion, a P/E ratio of 28.42 and a beta of 1.37.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.74. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%.The business had revenue of $579.31 million during the quarter, compared to analysts’ expectations of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. On average, analysts forecast that Lamar Advertising will post 7.92 earnings per share for the current year.

Lamar Advertising Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were paid a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Friday, September 19th. Lamar Advertising’s dividend payout ratio (DPR) is presently 144.19%.

Insider Transactions at Lamar Advertising

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $124.28, for a total transaction of $2,734,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 14.99% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. True Wealth Design LLC raised its stake in Lamar Advertising by 466.7% during the second quarter. True Wealth Design LLC now owns 204 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 168 shares during the last quarter. 1248 Management LLC purchased a new position in Lamar Advertising during the first quarter valued at $26,000. Ameritas Advisory Services LLC purchased a new position in Lamar Advertising during the second quarter valued at $28,000. Golden State Wealth Management LLC purchased a new position in Lamar Advertising during the first quarter valued at $28,000. Finally, HHM Wealth Advisors LLC raised its stake in Lamar Advertising by 26,900.0% during the first quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

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.