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

Shares of Lamar Advertising Company (NASDAQ:LAMR) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $148.00.

A number of equities analysts recently weighed in on LAMR shares. Morgan Stanley set a $145.00 price objective on shares of Lamar Advertising in a report on Thursday, May 7th. Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. TD Cowen boosted their price objective on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, Wells Fargo & Company boosted their price objective on shares of Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th.

Institutional Investors Weigh In On Lamar Advertising

A number of large investors have recently added to or reduced their stakes in LAMR. Sivia Capital Partners LLC bought a new stake in Lamar Advertising in the 2nd quarter worth approximately $510,000. Arrowstreet Capital Limited Partnership grew its position in Lamar Advertising by 250.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 47,604 shares of the real estate investment trust’s stock worth $5,777,000 after purchasing an additional 34,002 shares during the period. Amundi grew its position in Lamar Advertising by 224.6% in the 2nd quarter. Amundi now owns 2,048 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 1,417 shares during the period. Gamco Investors INC. ET AL bought a new stake in Lamar Advertising in the 2nd quarter worth approximately $873,000. Finally, Cerity Partners LLC grew its position in Lamar Advertising by 39.0% in the 2nd quarter. Cerity Partners LLC now owns 37,166 shares of the real estate investment trust’s stock worth $4,510,000 after purchasing an additional 10,423 shares during the period. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Price Performance

LAMR stock opened at $156.00 on Friday. The firm has a 50 day moving average price of $147.28 and a 200-day moving average price of $136.29. Lamar Advertising has a 52-week low of $113.66 and a 52-week high of $158.69. The firm has a market capitalization of $15.83 billion, a price-to-earnings ratio of 28.78 and a beta of 1.20. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.58 and a current ratio of 0.58.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.18. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. The company had revenue of $528.00 million during the quarter, compared to analyst estimates of $522.86 million. Equities research analysts forecast 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 will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, June 16th. Lamar Advertising’s payout ratio is 118.08%.

Lamar Advertising Company Profile

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.