Brokerages Set Lamar Advertising Company (NASDAQ:LAMR) PT at $154.67

Shares of Lamar Advertising Company (NASDAQ:LAMR) have been given an average rating of “Hold” by the six analysts that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $154.6667.

Several research analysts have recently issued reports on LAMR shares. Citigroup cut Lamar Advertising from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $145.00 to $160.00 in a research report on Friday, July 10th. Wells Fargo & Company raised their target price on Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. restated a “neutral” rating and set a $153.00 target price on shares of Lamar Advertising in a research note on Wednesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Finally, Morgan Stanley set a $145.00 price target on shares of Lamar Advertising in a research note on Thursday, May 7th.

Lamar Advertising Price Performance

Lamar Advertising stock opened at $164.33 on Thursday. The stock has a market cap of $16.67 billion, a P/E ratio of 30.32 and a beta of 1.19. The company has a fifty day simple moving average of $155.33 and a 200-day simple moving average of $141.50. Lamar Advertising has a 12-month low of $113.66 and a 12-month high of $166.33. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.33.

Lamar Advertising (NASDAQ:LAMR) last posted its earnings results on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, beating the consensus estimate of $0.82 by $0.18. The firm had revenue of $528.00 million for the quarter, compared to analyst estimates of $522.86 million. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%. Equities analysts expect that Lamar Advertising will post 8.41 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a $1.60 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $6.40 annualized dividend and a dividend yield of 3.9%. Lamar Advertising’s dividend payout ratio is presently 118.08%.

Institutional Investors Weigh In On Lamar Advertising

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Lamar Advertising in the 4th quarter valued at about $1,872,000. Legal & General Group Plc increased its position in Lamar Advertising by 4.6% during the fourth quarter. Legal & General Group Plc now owns 232,235 shares of the real estate investment trust’s stock worth $29,396,000 after buying an additional 10,265 shares during the period. SG Americas Securities LLC increased its position in Lamar Advertising by 323.6% during the fourth quarter. SG Americas Securities LLC now owns 75,297 shares of the real estate investment trust’s stock worth $9,531,000 after buying an additional 57,520 shares during the period. Markel Group Inc. lifted its stake in Lamar Advertising by 8.8% in the fourth quarter. Markel Group Inc. now owns 185,000 shares of the real estate investment trust’s stock valued at $23,417,000 after buying an additional 15,000 shares during the last quarter. Finally, Pensionfund Sabic purchased a new stake in Lamar Advertising in the fourth quarter valued at approximately $1,025,000. 93.78% of the stock is currently owned by institutional investors and hedge funds.

About Lamar Advertising

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.