Lamar Advertising Company (NASDAQ:LAMR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Lamar Advertising Company (NASDAQ:LAMR) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $134.20.

LAMR has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lamar Advertising in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their price target on Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, August 11th. Morgan Stanley lifted their price target on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Finally, Wells Fargo & Company cut their price target on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating for the company in a research note on Monday, August 11th.

Insider Buying and Selling at Lamar Advertising

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $124.28, for a total value of $2,734,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 14.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lamar Advertising

Large investors have recently bought and sold shares of the company. True Wealth Design LLC increased its stake in Lamar Advertising by 466.7% during the 2nd quarter. True Wealth Design LLC now owns 204 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 168 shares in the last quarter. Quent Capital LLC purchased a new stake in Lamar Advertising during the 3rd quarter worth approximately $26,000. Alpine Bank Wealth Management purchased a new stake in Lamar Advertising during the 3rd quarter worth approximately $27,000. 1248 Management LLC purchased a new stake in Lamar Advertising during the 1st quarter worth approximately $26,000. Finally, Ameritas Advisory Services LLC purchased a new stake in Lamar Advertising during the 2nd quarter worth approximately $28,000. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Lamar Advertising Stock Performance

NASDAQ LAMR opened at $119.38 on Wednesday. The stock has a 50-day simple moving average of $123.42 and a two-hundred day simple moving average of $120.77. The firm has a market capitalization of $12.08 billion, a P/E ratio of 27.76 and a beta of 1.37. Lamar Advertising has a fifty-two week low of $99.84 and a fifty-two week high of $137.30. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.58 and a current ratio of 0.58.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.74. The business had revenue of $579.31 million during the quarter, compared to analyst estimates of $580.72 million. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. On average, equities analysts forecast that Lamar Advertising will post 7.92 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were paid a $1.55 dividend. This represents a $6.20 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Friday, September 19th. Lamar Advertising’s payout ratio is currently 144.19%.

About Lamar Advertising

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.