Lamar Advertising Company (NASDAQ:LAMR) Receives $154.67 Consensus Target Price from Analysts

Shares of Lamar Advertising Company (NASDAQ:LAMR) have earned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $154.6667.

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a research report on Friday, May 22nd. Morgan Stanley set a $145.00 target price on shares of Lamar Advertising in a research report on Thursday, May 7th. JPMorgan Chase & Co. restated a “neutral” rating and set a $153.00 price target on shares of Lamar Advertising in a research report on Wednesday. TD Cowen raised their target price on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Finally, Citigroup lowered shares of Lamar Advertising from a “buy” rating to a “neutral” rating and boosted their price target for the company from $145.00 to $160.00 in a research report on Friday, July 10th.

Institutional Investors Weigh In On Lamar Advertising

Several institutional investors have recently made changes to their positions in the stock. First Citizens Bank & Trust Co. grew its position in shares of Lamar Advertising by 0.9% in the first quarter. First Citizens Bank & Trust Co. now owns 8,821 shares of the real estate investment trust’s stock valued at $1,117,000 after purchasing an additional 75 shares in the last quarter. Praxis Investment Management Inc. lifted its holdings in Lamar Advertising by 2.7% during the 1st quarter. Praxis Investment Management Inc. now owns 2,846 shares of the real estate investment trust’s stock worth $360,000 after purchasing an additional 76 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in Lamar Advertising by 1.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 7,523 shares of the real estate investment trust’s stock worth $953,000 after purchasing an additional 78 shares during the period. Argent Advisors Inc. boosted its stake in Lamar Advertising by 0.6% in the 1st quarter. Argent Advisors Inc. now owns 14,426 shares of the real estate investment trust’s stock worth $1,827,000 after purchasing an additional 80 shares during the period. Finally, Glenmede Investment Management LP boosted its stake in Lamar Advertising by 3.2% in the 3rd quarter. Glenmede Investment Management LP now owns 2,590 shares of the real estate investment trust’s stock worth $317,000 after purchasing an additional 81 shares during the period. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Lamar Advertising Price Performance

Shares of NASDAQ LAMR opened at $159.46 on Thursday. Lamar Advertising has a fifty-two week low of $113.66 and a fifty-two week high of $164.38. The stock has a market cap of $16.18 billion, a price-to-earnings ratio of 29.42 and a beta of 1.19. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.58 and a current ratio of 0.58. The firm’s 50-day simple moving average is $154.55 and its 200 day simple moving average is $140.64.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. The business had revenue of $528.00 million during the quarter, compared to the consensus estimate of $522.86 million. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%. As a group, research analysts anticipate that Lamar Advertising will post 8.41 earnings per share for the current fiscal year.

Lamar Advertising Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Tuesday, June 16th. Lamar Advertising’s payout ratio is currently 118.08%.

Lamar Advertising Company Profile

Lamar Advertising Company (NASDAQ: LAMR) is one of North America’s largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.