Lamar Advertising (NASDAQ:LAMR) Hits New 1-Year High – What’s Next?

Lamar Advertising Company (NASDAQ:LAMR)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $139.69 and last traded at $139.08, with a volume of 749618 shares traded. The stock had previously closed at $139.18.

Wall Street Analyst Weigh In

LAMR has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Lamar Advertising from $122.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. TD Cowen reaffirmed a “buy” rating on shares of Lamar Advertising in a research note on Monday, February 23rd. Wells Fargo & Company increased their price objective on shares of Lamar Advertising from $121.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 24th. Morgan Stanley set a $140.00 price objective on shares of Lamar Advertising in a research report on Tuesday, December 16th. Finally, Citigroup upped their target price on shares of Lamar Advertising from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $139.80.

Lamar Advertising Stock Down 0.5%

The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.10. The company has a market capitalization of $14.03 billion, a P/E ratio of 24.00 and a beta of 1.21. The firm’s 50 day moving average price is $130.93 and its two-hundred day moving average price is $127.20.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Friday, February 20th. The real estate investment trust reported $1.50 EPS for the quarter, missing the consensus estimate of $2.18 by ($0.68). The business had revenue of $595.93 million for the quarter, compared to analyst estimates of $592.70 million. Lamar Advertising had a return on equity of 58.58% and a net margin of 25.91%.Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. Equities research analysts forecast that Lamar Advertising Company will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a dividend of $1.60 per share. The ex-dividend date is Monday, March 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.6%. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.55. Lamar Advertising’s dividend payout ratio (DPR) is currently 107.45%.

Institutional Trading of Lamar Advertising

Several institutional investors and hedge funds have recently bought and sold shares of LAMR. Sivia Capital Partners LLC bought a new position in Lamar Advertising in the second quarter valued at approximately $510,000. State of Michigan Retirement System boosted its holdings in shares of Lamar Advertising by 0.5% in the 2nd quarter. State of Michigan Retirement System now owns 21,138 shares of the real estate investment trust’s stock valued at $2,565,000 after buying an additional 100 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Lamar Advertising by 20.3% in the second quarter. Bank of Montreal Can now owns 20,644 shares of the real estate investment trust’s stock valued at $2,505,000 after buying an additional 3,482 shares in the last quarter. Ellevest Inc. bought a new position in shares of Lamar Advertising in the second quarter valued at $280,000. Finally, Trillium Asset Management LLC acquired a new position in Lamar Advertising during the second quarter worth $3,188,000. Institutional investors own 93.78% of the company’s stock.

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.