Lamar Advertising (NASDAQ:LAMR) Sets New 12-Month High After Dividend Announcement

Lamar Advertising Company (NASDAQ:LAMR) shares reached a new 52-week high during mid-day trading on Thursday following a dividend announcement from the company. The stock traded as high as $137.45 and last traded at $137.09, with a volume of 42847 shares trading hands. The stock had previously closed at $135.02.

The newly announced dividend which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, March 16th. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.55. Lamar Advertising’s dividend payout ratio is 107.45%.

Analyst Ratings Changes

LAMR has been the topic of a number of research reports. Morgan Stanley set a $140.00 price target on Lamar Advertising in a research note on Tuesday, December 16th. Wells Fargo & Company boosted their price target on shares of Lamar Advertising from $121.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Weiss Ratings upgraded shares of Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday. Citigroup increased their price objective on Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, JPMorgan Chase & Co. increased their price target on Lamar Advertising from $122.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.80.

Lamar Advertising Trading Up 1.5%

The company has a debt-to-equity ratio of 3.10, a current ratio of 0.58 and a quick ratio of 0.59. The firm has a market capitalization of $13.96 billion, a PE ratio of 23.87 and a beta of 1.23. The business’s 50-day moving average price is $129.97 and its 200-day moving average price is $126.70.

Lamar Advertising (NASDAQ:LAMR) last announced 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 analyst estimates of $592.70 million. Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. As a group, analysts expect that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lamar Advertising

A number of large investors have recently bought and sold shares of LAMR. Nisa Investment Advisors LLC boosted its position in shares of Lamar Advertising by 31.4% in the third quarter. Nisa Investment Advisors LLC now owns 45,951 shares of the real estate investment trust’s stock worth $5,625,000 after buying an additional 10,982 shares during the period. Assetmark Inc. lifted its stake in Lamar Advertising by 31.3% in the 3rd quarter. Assetmark Inc. now owns 102,270 shares of the real estate investment trust’s stock worth $12,520,000 after acquiring an additional 24,391 shares in the last quarter. Meixler Investment Management Ltd. lifted its stake in Lamar Advertising by 47.0% in the 2nd quarter. Meixler Investment Management Ltd. now owns 9,650 shares of the real estate investment trust’s stock worth $1,171,000 after acquiring an additional 3,086 shares in the last quarter. Gateway Investment Advisers LLC boosted its position in Lamar Advertising by 89.4% during the 3rd quarter. Gateway Investment Advisers LLC now owns 74,254 shares of the real estate investment trust’s stock worth $9,090,000 after acquiring an additional 35,048 shares during the period. Finally, Creative Planning grew its stake in Lamar Advertising by 22.0% during the 2nd quarter. Creative Planning now owns 16,087 shares of the real estate investment trust’s stock valued at $1,952,000 after acquiring an additional 2,905 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

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.