Lamar Advertising Company (NASDAQ:LAMR) Receives $134.20 Consensus Target Price from Analysts

Lamar Advertising Company (NASDAQ:LAMR) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $134.20.

Several equities research analysts have weighed in on the company. Wells Fargo & Company dropped their price objective on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, August 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lamar Advertising in a report on Wednesday, October 8th. Morgan Stanley increased their price objective on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. dropped their price objective on Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating for the company in a report on Monday, August 11th.

Lamar Advertising Price Performance

LAMR opened at $118.59 on Wednesday. The stock’s 50 day simple moving average is $123.01 and its 200 day simple moving average is $120.82. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.58 and a quick ratio of 0.58. Lamar Advertising has a 1 year low of $99.84 and a 1 year high of $136.89. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 27.58 and a beta of 1.37.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. As a group, analysts predict that Lamar Advertising will post 7.92 earnings per share for the current year.

Lamar Advertising Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were issued a $1.55 dividend. The ex-dividend date was Friday, September 19th. This represents a $6.20 annualized dividend and a yield of 5.2%. Lamar Advertising’s dividend payout ratio (DPR) is 144.19%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Markel Group Inc. lifted its stake in shares of Lamar Advertising by 7.6% in the 3rd quarter. Markel Group Inc. now owns 170,000 shares of the real estate investment trust’s stock valued at $20,811,000 after purchasing an additional 12,000 shares during the period. Purkiss Capital Advisors LLC lifted its stake in shares of Lamar Advertising by 26.9% in the 3rd quarter. Purkiss Capital Advisors LLC now owns 10,667 shares of the real estate investment trust’s stock valued at $1,306,000 after purchasing an additional 2,258 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Lamar Advertising by 2.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 10,314 shares of the real estate investment trust’s stock valued at $1,263,000 after purchasing an additional 272 shares during the period. First Citizens Bank & Trust Co. lifted its stake in shares of Lamar Advertising by 3.3% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 8,336 shares of the real estate investment trust’s stock valued at $1,020,000 after purchasing an additional 263 shares during the period. Finally, PFG Investments LLC lifted its stake in shares of Lamar Advertising by 5.4% in the 3rd quarter. PFG Investments LLC now owns 1,895 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 97 shares during the period. Hedge funds and other institutional investors own 93.78% of the company’s stock.

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.