BidaskClub Downgrades Lamar Advertising (NASDAQ:LAMR) to Sell

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BidaskClub cut shares of Lamar Advertising (NASDAQ:LAMR) from a hold rating to a sell rating in a research report report published on Saturday morning, BidAskClub reports.

Separately, ValuEngine cut shares of Lamar Advertising from a buy rating to a hold rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $81.25.

NASDAQ LAMR opened at $77.04 on Friday. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 14.01 and a beta of 0.96. The stock has a 50-day moving average of $77.56 and a 200 day moving average of $79.52. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.33. Lamar Advertising has a twelve month low of $64.51 and a twelve month high of $84.50.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $1.18 EPS for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.42). The business had revenue of $448.74 million during the quarter, compared to analysts’ expectations of $451.85 million. Lamar Advertising had a net margin of 21.39% and a return on equity of 32.10%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.02 earnings per share. Equities analysts predict that Lamar Advertising will post 5.62 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.96 per share. The ex-dividend date is Friday, September 13th. This represents a $3.84 annualized dividend and a dividend yield of 4.98%. Lamar Advertising’s dividend payout ratio (DPR) is presently 69.82%.

A number of institutional investors have recently modified their holdings of the stock. Stevens Capital Management LP lifted its position in shares of Lamar Advertising by 50.5% in the first quarter. Stevens Capital Management LP now owns 41,325 shares of the real estate investment trust’s stock valued at $3,275,000 after acquiring an additional 13,859 shares in the last quarter. Rhumbline Advisers raised its stake in Lamar Advertising by 0.6% in the 1st quarter. Rhumbline Advisers now owns 248,585 shares of the real estate investment trust’s stock valued at $19,703,000 after purchasing an additional 1,404 shares during the last quarter. Texas Permanent School Fund lifted its holdings in Lamar Advertising by 3.9% in the 1st quarter. Texas Permanent School Fund now owns 57,824 shares of the real estate investment trust’s stock valued at $4,583,000 after purchasing an additional 2,145 shares in the last quarter. Semmax Financial Advisors Inc. lifted its holdings in Lamar Advertising by 114.1% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 22,871 shares of the real estate investment trust’s stock valued at $1,846,000 after purchasing an additional 12,190 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its holdings in Lamar Advertising by 34.6% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 673 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 173 shares in the last quarter. 81.02% of the stock is currently owned by hedge funds and other institutional investors.

Lamar Advertising Company Profile

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with approximately 360,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day.

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