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

Shares of Lamar Advertising Company (NASDAQ:LAMR) have been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $148.00.

Several analysts recently issued reports on the company. Morgan Stanley set a $145.00 price target on Lamar Advertising in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a report on Friday, May 22nd. Wells Fargo & Company lifted their price target on shares of Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, TD Cowen upped their target price on Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, May 14th.

Lamar Advertising Price Performance

NASDAQ LAMR opened at $157.56 on Friday. Lamar Advertising has a 52 week low of $113.66 and a 52 week high of $158.69. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.33. The stock has a market cap of $15.99 billion, a price-to-earnings ratio of 29.07 and a beta of 1.19. The company has a 50-day moving average price of $149.50 and a two-hundred day moving average price of $137.24.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.18. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. The business had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $522.86 million. Analysts forecast that Lamar Advertising will post 8.41 EPS for the current year.

Lamar Advertising Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a dividend of $1.60 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $6.40 annualized dividend and a yield of 4.1%. Lamar Advertising’s dividend payout ratio (DPR) is currently 118.08%.

Hedge Funds Weigh In On Lamar Advertising

Hedge funds have recently bought and sold shares of the company. Tucker Asset Management LLC bought a new position in shares of Lamar Advertising in the fourth quarter valued at approximately $25,000. Sound Income Strategies LLC raised its position in Lamar Advertising by 151.0% during the fourth quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 151 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Lamar Advertising in the 3rd quarter valued at about $33,000. Beacon Financial Strategies CORP purchased a new position in shares of Lamar Advertising in the fourth quarter valued at approximately $35,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in Lamar Advertising in the 3rd quarter valued at $39,000. Hedge funds and other institutional investors own 93.78% of the company’s stock.

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.