Lamar Advertising (NASDAQ:LAMR) Given Average Recommendation of “Hold” by Brokerages

Shares of Lamar Advertising (NASDAQ:LAMR) have been given an average rating of “Hold” by the five analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $132.40.

Several brokerages recently weighed in on LAMR. Morgan Stanley boosted their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. TD Cowen raised their price target on Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company lowered their price objective on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Finally, StockNews.com cut Lamar Advertising from a “buy” rating to a “hold” rating in a report on Monday, November 11th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LAMR. Blue Trust Inc. grew its holdings in shares of Lamar Advertising by 444.1% during the third quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 151 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Lamar Advertising during the third quarter worth about $25,000. Concord Wealth Partners acquired a new position in shares of Lamar Advertising during the third quarter valued at approximately $26,000. Whittier Trust Co. raised its stake in Lamar Advertising by 144.4% in the 2nd quarter. Whittier Trust Co. now owns 220 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 130 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of Lamar Advertising by 109.3% in the third quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 117 shares during the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

Lamar Advertising Trading Up 0.3 %

Shares of LAMR stock opened at $121.74 on Friday. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. Lamar Advertising has a 52-week low of $100.15 and a 52-week high of $139.88. The stock has a fifty day simple moving average of $129.27 and a two-hundred day simple moving average of $125.67. The firm has a market capitalization of $12.46 billion, a PE ratio of 24.35 and a beta of 1.50.

Lamar Advertising (NASDAQ:LAMR) last posted its earnings results on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.73). The company had revenue of $564.10 million for the quarter, compared to analysts’ expectations of $568.91 million. Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.04 earnings per share. On average, analysts predict that Lamar Advertising will post 7.52 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th were paid a $1.40 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $5.60 annualized dividend and a yield of 4.60%. Lamar Advertising’s dividend payout ratio (DPR) is 112.00%.

Lamar Advertising Company Profile

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.