Lamar Advertising (NASDAQ:LAMR) Sets New 1-Year High – What’s Next?

Lamar Advertising Company (NASDAQ:LAMR)’s share price hit a new 52-week high on Thursday . The stock traded as high as $137.45 and last traded at $137.09, with a volume of 42847 shares changing hands. The stock had previously closed at $135.02.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LAMR. Weiss Ratings raised shares of Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday. Wells Fargo & Company boosted their price target on shares of Lamar Advertising from $121.00 to $136.00 and gave the company an “equal weight” rating in a report on Tuesday. Citigroup lifted their price target on Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, November 13th. TD Cowen reissued a “buy” rating on shares of Lamar Advertising in a research note on Monday. Finally, UBS Group set a $150.00 price objective on Lamar Advertising in a research report on Monday. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $139.80.

Lamar Advertising Stock Up 2.0%

The firm’s 50-day simple moving average is $129.63 and its 200-day simple moving average is $126.48. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.59 and a current ratio of 0.58. The company has a market capitalization of $13.95 billion, a price-to-earnings ratio of 23.87 and a beta of 1.23.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Friday, February 20th. The real estate investment trust reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.68). The company had revenue of $595.93 million during the quarter, compared to the consensus estimate of $592.70 million. Lamar Advertising had a net margin of 25.91% and a return on equity of 58.58%. Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. Sell-side analysts forecast that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a $1.55 dividend. The ex-dividend date was Monday, December 22nd. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.5%. Lamar Advertising’s payout ratio is 107.45%.

Institutional Investors Weigh In On Lamar Advertising

A number of hedge funds have recently added to or reduced their stakes in the stock. True Wealth Design LLC grew its holdings in shares of Lamar Advertising by 466.7% in the 2nd quarter. True Wealth Design LLC now owns 204 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 168 shares during the period. Tucker Asset Management LLC acquired a new position in shares of Lamar Advertising during the fourth quarter worth $25,000. Quent Capital LLC bought a new position in Lamar Advertising during the 3rd quarter worth $26,000. Alpine Bank Wealth Management acquired a new position in shares of Lamar Advertising during the third quarter worth approximately $27,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of Lamar Advertising by 151.0% in the fourth quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 151 shares in the last quarter. 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.