Lamar Advertising (NASDAQ:LAMR) Receives $134.00 Average Price Target from Analysts

Lamar Advertising (NASDAQ:LAMR) has been assigned a consensus rating of “Hold” from the five brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $134.00.

A number of brokerages have recently commented on LAMR. Morgan Stanley cut their target price on shares of Lamar Advertising from $135.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 1st. Citigroup raised shares of Lamar Advertising from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $114.00 to $135.00 in a research report on Thursday, May 29th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st.

Lamar Advertising Stock Performance

Shares of LAMR stock opened at $121.30 on Friday. The company’s fifty day simple moving average is $113.75 and its 200-day simple moving average is $120.62. Lamar Advertising has a 52 week low of $99.84 and a 52 week high of $139.88. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. The company has a market cap of $12.42 billion, a PE ratio of 34.36 and a beta of 1.38.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Thursday, May 8th. The real estate investment trust reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. The business had revenue of $505.43 million for the quarter, compared to the consensus estimate of $509.72 million. As a group, equities research analysts anticipate that Lamar Advertising will post 7.92 EPS for the current year.

Lamar Advertising Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $1.55 dividend. The ex-dividend date is Monday, June 16th. This represents a $6.20 annualized dividend and a yield of 5.11%. Lamar Advertising’s dividend payout ratio is presently 150.49%.

Institutional Trading of Lamar Advertising

Institutional investors have recently added to or reduced their stakes in the stock. Rialto Wealth Management LLC acquired a new stake in Lamar Advertising in the fourth quarter valued at $25,000. 1248 Management LLC acquired a new stake in Lamar Advertising in the first quarter valued at $26,000. Golden State Wealth Management LLC acquired a new stake in Lamar Advertising in the first quarter valued at $28,000. HHM Wealth Advisors LLC raised its holdings in Lamar Advertising by 26,900.0% in the first quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 269 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its holdings in Lamar Advertising by 346.0% in the first quarter. ST Germain D J Co. Inc. now owns 281 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 218 shares in the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

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.