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

Lamar Advertising Company (NASDAQ:LAMR) has been given an average recommendation of “Moderate Buy” by the six research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $148.00.

LAMR has been the subject of several recent research reports. Wells Fargo & Company increased their target price on shares of Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a research note on Friday, May 22nd. TD Cowen increased their target price on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. UBS Group set a $150.00 target price on shares of Lamar Advertising in a research note on Monday, February 23rd. Finally, Morgan Stanley set a $145.00 target price on shares of Lamar Advertising in a research note on Thursday, May 7th.

Lamar Advertising Stock Performance

Shares of LAMR stock opened at $150.48 on Wednesday. The stock’s 50-day moving average is $138.53 and its two-hundred day moving average is $133.51. The firm has a market cap of $15.27 billion, a price-to-earnings ratio of 27.76 and a beta of 1.20. Lamar Advertising has a 1 year low of $113.66 and a 1 year high of $158.69. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.58 and a current ratio of 0.58.

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

Lamar Advertising Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $1.60 per share. The ex-dividend date is Tuesday, June 16th. This represents a $6.40 annualized dividend and a dividend yield of 4.3%. Lamar Advertising’s dividend payout ratio is 118.08%.

Insider Buying and Selling at Lamar Advertising

In other news, EVP Ross Lamar Reilly sold 5,969 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $128.65, for a total transaction of $767,911.85. Following the completion of the sale, the executive vice president owned 15,850 shares in the company, valued at approximately $2,039,102.50. This represents a 27.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 15.24% of the company’s stock.

Institutional Investors Weigh In On Lamar Advertising

Several hedge funds have recently made changes to their positions in the business. Tucker Asset Management LLC acquired a new stake in Lamar Advertising in the fourth quarter valued at about $25,000. Sound Income Strategies LLC lifted its position in Lamar Advertising by 151.0% in the fourth quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 151 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Lamar Advertising in the third quarter valued at about $33,000. Beacon Financial Strategies CORP acquired a new stake in Lamar Advertising in the fourth quarter valued at about $35,000. Finally, Western Wealth Management LLC acquired a new stake in Lamar Advertising in the first quarter valued at about $40,000. Institutional investors and hedge funds 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.