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 ratings firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $134.60.

Several research firms recently issued reports on LAMR. JPMorgan Chase & Co. reduced their price target on Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Citigroup boosted their target price on shares of Lamar Advertising from $121.76 to $128.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. FMR LLC lifted its position in Lamar Advertising by 11.0% during the fourth quarter. FMR LLC now owns 5,527,270 shares of the real estate investment trust’s stock worth $672,890,000 after purchasing an additional 545,606 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Lamar Advertising by 2.9% during the 3rd quarter. Janus Henderson Group PLC now owns 4,248,660 shares of the real estate investment trust’s stock worth $567,632,000 after acquiring an additional 119,068 shares during the period. Cohen & Steers Inc. lifted its holdings in shares of Lamar Advertising by 453.6% during the 4th quarter. Cohen & Steers Inc. now owns 2,660,664 shares of the real estate investment trust’s stock worth $323,900,000 after acquiring an additional 2,180,011 shares during the period. State Street Corp boosted its position in shares of Lamar Advertising by 0.8% during the 3rd quarter. State Street Corp now owns 2,640,356 shares of the real estate investment trust’s stock worth $352,752,000 after acquiring an additional 21,852 shares in the last quarter. Finally, Boston Partners increased its stake in Lamar Advertising by 6.7% in the fourth quarter. Boston Partners now owns 2,423,981 shares of the real estate investment trust’s stock valued at $295,122,000 after acquiring an additional 152,575 shares during the last quarter. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Stock Performance

NASDAQ LAMR opened at $111.19 on Tuesday. Lamar Advertising has a 52-week low of $108.80 and a 52-week high of $139.88. The stock has a market cap of $11.39 billion, a PE ratio of 31.50 and a beta of 1.53. The firm has a 50-day moving average of $123.20 and a 200-day moving average of $127.32. 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 (NASDAQ:LAMR) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.74. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. The firm had revenue of $579.57 million during the quarter, compared to the consensus estimate of $583.19 million. On average, sell-side analysts anticipate that Lamar Advertising will post 7.92 EPS for the current year.

Lamar Advertising Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $1.55 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.40. This represents a $6.20 annualized dividend and a yield of 5.58%. Lamar Advertising’s payout ratio is currently 175.64%.

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.