Lamar Advertising (NASDAQ:LAMR) Price Target Raised to $136.00 at Wells Fargo & Company

Lamar Advertising (NASDAQ:LAMR) had its price objective hoisted by Wells Fargo & Company from $121.00 to $136.00 in a research note published on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the real estate investment trust’s stock.

LAMR has been the topic of several other research reports. Morgan Stanley set a $140.00 price target on Lamar Advertising in a research note on Tuesday, December 16th. Citigroup upped their price target on Lamar Advertising from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. TD Cowen restated a “buy” rating on shares of Lamar Advertising in a report on Monday. JPMorgan Chase & Co. boosted their price target on shares of Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Finally, UBS Group set a $150.00 price objective on Lamar Advertising in a report on Monday. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Lamar Advertising currently has an average rating of “Moderate Buy” and an average price target of $139.80.

Lamar Advertising Trading Up 1.6%

LAMR opened at $134.11 on Tuesday. Lamar Advertising has a twelve month low of $99.84 and a twelve month high of $136.69. The firm has a market cap of $13.58 billion, a PE ratio of 23.24 and a beta of 1.23. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.59 and a current ratio of 0.58. The firm’s fifty day moving average is $129.52 and its two-hundred day moving average is $126.42.

Lamar Advertising (NASDAQ:LAMR) last posted its earnings results on Friday, February 20th. The real estate investment trust reported $1.50 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($0.68). Lamar Advertising had a return on equity of 58.58% and a net margin of 25.91%.The business had revenue of $595.93 million for the quarter, compared to the consensus estimate of $592.70 million. Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. Equities research analysts anticipate that Lamar Advertising will post 7.92 EPS for the current year.

Lamar Advertising Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a $1.55 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $6.20 annualized dividend and a dividend yield of 4.6%. Lamar Advertising’s dividend payout ratio is presently 107.45%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LAMR. Berkshire Hathaway Inc acquired a new stake in Lamar Advertising during the second quarter worth approximately $141,931,000. M&T Bank Corp increased its holdings in Lamar Advertising by 12,278.7% in the 4th quarter. M&T Bank Corp now owns 1,147,876 shares of the real estate investment trust’s stock valued at $145,298,000 after buying an additional 1,138,603 shares during the period. Norges Bank bought a new stake in shares of Lamar Advertising during the 2nd quarter worth approximately $116,240,000. AQR Capital Management LLC boosted its position in shares of Lamar Advertising by 123.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,475,525 shares of the real estate investment trust’s stock worth $177,152,000 after acquiring an additional 816,217 shares in the last quarter. Finally, Egerton Capital UK LLP bought a new stake in Lamar Advertising during the third quarter worth $88,615,000. Institutional investors own 93.78% of the company’s stock.

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.