Lamar Advertising (NASDAQ:LAMR) Receives $134.60 Average PT from Analysts

Lamar Advertising (NASDAQ:LAMR) has received a consensus rating of “Hold” from the five research firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $134.60.

A number of analysts have recently commented on LAMR shares. JPMorgan Chase & Co. cut their price target on Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Citigroup upped their target price on Lamar Advertising from $121.76 to $128.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th.

Lamar Advertising Stock Performance

Shares of Lamar Advertising stock opened at $112.15 on Tuesday. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 31.77 and a beta of 1.53. The stock’s 50-day moving average is $123.35 and its 200-day moving average is $127.40. Lamar Advertising has a one year low of $108.80 and a one year high of $139.88. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.74. The company had revenue of $579.57 million for the quarter, compared to analyst estimates of $583.19 million. Lamar Advertising had a return on equity of 30.20% and a net margin of 16.40%. Equities analysts predict that Lamar Advertising will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.40. Lamar Advertising’s dividend payout ratio is presently 175.64%.

Institutional Trading of Lamar Advertising

Several institutional investors and hedge funds have recently bought and sold shares of the business. Carmel Capital Partners LLC raised its stake in Lamar Advertising by 2.0% in the fourth quarter. Carmel Capital Partners LLC now owns 4,060 shares of the real estate investment trust’s stock valued at $494,000 after buying an additional 81 shares during the period. Tower Research Capital LLC TRC raised its stake in Lamar Advertising by 1.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,121 shares of the real estate investment trust’s stock valued at $867,000 after buying an additional 81 shares during the period. Sanctuary Advisors LLC raised its stake in Lamar Advertising by 0.4% in the fourth quarter. Sanctuary Advisors LLC now owns 19,259 shares of the real estate investment trust’s stock valued at $2,442,000 after buying an additional 82 shares during the period. Avior Wealth Management LLC raised its stake in Lamar Advertising by 16.8% in the fourth quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 84 shares during the period. Finally, CIBC Asset Management Inc raised its stake in Lamar Advertising by 3.4% in the third quarter. CIBC Asset Management Inc now owns 2,552 shares of the real estate investment trust’s stock valued at $341,000 after buying an additional 85 shares during the period. Institutional investors own 93.78% of the company’s stock.

About Lamar Advertising

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.