Lamar Advertising (NASDAQ:LAMR) Stock Gets Price Target Increase from Wells Fargo & Company

Lamar Advertising (NASDAQ:LAMR) had its target price boosted by equities researchers at Wells Fargo & Company from $156.00 to $158.00 in a report issued on Friday, Marketbeat reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 1.29% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Morgan Stanley set a $170.00 target price on shares of Lamar Advertising in a report on Friday, August 7th. JPMorgan Chase & Co. increased their price target on shares of Lamar Advertising from $153.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Citigroup lowered shares of Lamar Advertising from a “buy” rating to a “neutral” rating and increased their price target for the stock from $145.00 to $160.00 in a research note on Friday, July 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a research report on Wednesday, August 19th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Lamar Advertising has a consensus rating of “Hold” and an average target price of $161.33.

Lamar Advertising Trading Down 0.8%

NASDAQ LAMR opened at $155.99 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.29. Lamar Advertising has a twelve month low of $120.54 and a twelve month high of $166.33. The firm has a market capitalization of $15.84 billion, a PE ratio of 27.51 and a beta of 1.23. The stock’s 50 day moving average is $149.76 and its 200 day moving average is $145.35.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share for the quarter, hitting the consensus estimate of $1.58. The company had revenue of $616.75 million for the quarter, compared to analysts’ expectations of $606.61 million. Lamar Advertising had a return on equity of 57.57% and a net margin of 24.36%. Research analysts forecast that Lamar Advertising will post 8.40 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lamar Advertising news, Director Thomas Reifenheiser sold 8,099 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $149.03, for a total value of $1,206,993.97. Following the sale, the director directly owned 36,387 shares of the company’s stock, valued at approximately $5,422,754.61. The trade was a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 15.24% of the company’s stock.

Hedge Funds Weigh In On Lamar Advertising

Several large investors have recently modified their holdings of LAMR. Ibex Wealth Advisors raised its position in Lamar Advertising by 3.7% in the 3rd quarter. Ibex Wealth Advisors now owns 64,433 shares of the real estate investment trust’s stock worth $9,285,000 after buying an additional 2,284 shares during the last quarter. Allworth Financial LP lifted its stake in Lamar Advertising by 24.6% during the 3rd quarter. Allworth Financial LP now owns 2,602 shares of the real estate investment trust’s stock valued at $406,000 after acquiring an additional 513 shares during the period. Russell Investments Group Ltd. lifted its stake in Lamar Advertising by 116.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 138,653 shares of the real estate investment trust’s stock valued at $19,983,000 after acquiring an additional 74,539 shares during the period. IAG Wealth Partners LLC purchased a new stake in shares of Lamar Advertising during the 3rd quarter valued at about $58,000. Finally, CENTRAL TRUST Co boosted its holdings in shares of Lamar Advertising by 104.7% during the 3rd quarter. CENTRAL TRUST Co now owns 1,208 shares of the real estate investment trust’s stock valued at $174,000 after acquiring an additional 618 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Key Lamar Advertising News

Here are the key news stories impacting Lamar Advertising this week:

• Positive Sentiment: Q3 funds from operations beat estimates. FFO was $2.41 per share, above the $2.36 consensus and up from $2.20 a year earlier. Revenue reached $624.5 million, slightly topping estimates, while adjusted EBITDA was $306.9 million. Zacks article: Lamar beats Q3 FFO and revenue estimates
• Positive Sentiment: Management raised its full-year AFFO outlook. The company’s 2026 AFFO guidance increased to $8.97 per share. An outside analysis also highlighted 9.5% year-over-year AFFO growth and resilient local advertising demand as supportive factors. Lamar raises 2026 AFFO outlook
• Neutral Sentiment: Wells Fargo raised its price target from $156 to $158 but maintained an “equal weight” rating. The new target suggests limited upside from the reported $155.98 price, tempering the otherwise favorable earnings and guidance news. Wells Fargo recommendations

Lamar Advertising Company Profile

Lamar Advertising Company is an out-of-home advertising company that provides businesses and organizations with ways to reach audiences beyond traditional media. Its offerings include billboard advertising, highway logo signs that direct travelers to nearby businesses and services, and transit advertising on vehicles and in transit-related locations.

The company traces its origins to 1902 and is headquartered in Baton Rouge, Louisiana. It serves advertisers across the United States and Canada, with local operations supporting campaigns in markets throughout its service area.

Lamar is led by Chief Executive Officer Sean Reilly.