Lamar Advertising Company (NASDAQ:LAMR) Given Consensus Rating of “Hold” by Brokerages

Lamar Advertising Company (NASDAQ:LAMR) has been given a consensus recommendation of “Hold” by the six analysts that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $154.6667.

A number of research analysts recently weighed in on LAMR shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $153.00 price target on shares of Lamar Advertising in a research note on Wednesday. TD Cowen boosted their price objective on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Morgan Stanley set a $145.00 target price on Lamar Advertising in a research report on Thursday, May 7th. Citigroup cut Lamar Advertising from a “buy” rating to a “neutral” rating and increased their target price for the stock from $145.00 to $160.00 in a report on Friday, July 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lamar Advertising in a research report on Friday, May 22nd.

Lamar Advertising Stock Down 0.7%

NASDAQ:LAMR opened at $158.91 on Thursday. The company has a market cap of $16.12 billion, a PE ratio of 29.32 and a beta of 1.19. The firm’s 50 day simple moving average is $154.06 and its 200 day simple moving average is $140.27. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.58 and a quick ratio of 0.58. Lamar Advertising has a one year low of $113.66 and a one year high of $164.38.

Lamar Advertising (NASDAQ:LAMR) last released 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. The company had revenue of $528.00 million for the quarter, compared to analysts’ expectations of $522.86 million. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. On average, research analysts anticipate that Lamar Advertising will post 8.41 earnings per share for the current year.

Lamar Advertising Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a dividend of $1.60 per share. The ex-dividend date was Tuesday, June 16th. This represents a $6.40 annualized dividend and a yield of 4.0%. Lamar Advertising’s payout ratio is 118.08%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Tucker Asset Management LLC bought a new position in Lamar Advertising during the fourth quarter valued at about $25,000. Sound Income Strategies LLC lifted its stake in shares of Lamar Advertising by 151.0% during the 4th quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 151 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Lamar Advertising in the 3rd quarter worth approximately $33,000. Beacon Financial Strategies CORP bought a new position in Lamar Advertising in the 4th quarter worth approximately $35,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in Lamar Advertising in the 3rd quarter valued at approximately $39,000. 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.