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

Separately, ValuEngine downgraded shares of Lamar Advertising from a buy rating to a hold rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $81.25.

Shares of NASDAQ:LAMR opened at $77.04 on Friday. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a market capitalization of $7.66 billion, a PE ratio of 14.01 and a beta of 0.96. The firm’s 50-day moving average is $77.56 and its two-hundred day moving average is $79.52. Lamar Advertising has a 1 year low of $64.51 and a 1 year high of $84.50.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $1.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.60 by ($0.42). Lamar Advertising had a return on equity of 32.10% and a net margin of 21.39%. The business had revenue of $448.74 million for the quarter, compared to analyst estimates of $451.85 million. During the same period in the prior year, the company posted $1.02 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts expect that Lamar Advertising will post 5.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend is Friday, September 13th. Lamar Advertising’s payout ratio is currently 69.82%.

A number of large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its position in Lamar Advertising by 169.5% in the 1st quarter. Parallel Advisors LLC now owns 318 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. First Interstate Bank purchased a new stake in shares of Lamar Advertising during the second quarter worth approximately $27,000. Arcadia Investment Management Corp MI acquired a new stake in Lamar Advertising in the second quarter valued at approximately $32,000. Penserra Capital Management LLC acquired a new stake in Lamar Advertising in the first quarter valued at approximately $39,000. Finally, Pearl River Capital LLC purchased a new position in Lamar Advertising in the first quarter worth approximately $48,000. Hedge funds and other institutional investors own 81.02% of the company’s stock.

About Lamar Advertising

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.

See Also: Initial Public Offering (IPO)

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