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

Lamar Advertising Company (NASDAQ:LAMR) has been given an average recommendation of “Moderate Buy” by the six research firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $148.00.

LAMR has been the subject of a number of analyst reports. Weiss Ratings upgraded Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, February 23rd. UBS Group set a $150.00 price objective on Lamar Advertising in a research report on Monday, February 23rd. Wells Fargo & Company raised their price objective on Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. TD Cowen raised their price objective on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Morgan Stanley set a $145.00 price objective on Lamar Advertising in a research report on Thursday, May 7th.

Lamar Advertising Stock Performance

Shares of LAMR stock opened at $145.54 on Friday. The business’s 50-day moving average price is $134.65 and its 200-day moving average price is $131.03. Lamar Advertising has a 12 month low of $113.05 and a 12 month high of $158.69. The firm has a market capitalization of $14.77 billion, a price-to-earnings ratio of 26.85 and a beta of 1.18. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.33.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.18. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%.The company had revenue of $528.00 million during the quarter, compared to the consensus estimate of $522.86 million. Equities research analysts forecast that Lamar Advertising will post 8.24 EPS for the current year.

Lamar Advertising Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 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 4.4%. The ex-dividend date is Tuesday, June 16th. Lamar Advertising’s dividend payout ratio (DPR) is 118.08%.

Insider Activity

In other Lamar Advertising news, EVP Ross Lamar Reilly sold 5,969 shares of Lamar Advertising stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $128.65, for a total value of $767,911.85. Following the completion of the sale, the executive vice president directly owned 15,850 shares in the company, valued at approximately $2,039,102.50. The trade was a 27.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 15.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lamar Advertising

A number of hedge funds have recently added to or reduced their stakes in LAMR. Sivia Capital Partners LLC bought a new stake in Lamar Advertising in the second quarter worth approximately $510,000. Arrowstreet Capital Limited Partnership increased its holdings in Lamar Advertising by 250.0% in the second 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 in the last quarter. Amundi grew its holdings in Lamar Advertising by 224.6% in the second 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 acquired a new stake in Lamar Advertising in the second quarter worth $873,000. Finally, Cerity Partners LLC grew its holdings in Lamar Advertising by 39.0% in the second 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. 93.78% of the stock is currently owned by institutional investors.

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.