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

Shares of Lamar Advertising (NASDAQ:LAMR) have been given a consensus rating of “Hold” by the five brokerages that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $133.40.

Several brokerages recently issued reports on LAMR. 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 note on Monday, November 11th. TD Cowen upped their price target on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 11th. StockNews.com downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Morgan Stanley lifted their price target on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating on the stock in a research note on Friday.

Lamar Advertising Price Performance

Shares of LAMR stock traded up $0.60 during trading hours on Friday, hitting $122.91. The stock had a trading volume of 127,857 shares, compared to its average volume of 488,869. Lamar Advertising has a one year low of $107.22 and a one year high of $139.88. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56. The stock’s 50-day moving average price is $124.74 and its two-hundred day moving average price is $127.31. The stock has a market capitalization of $12.58 billion, a price-to-earnings ratio of 24.64 and a beta of 1.51.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.21 EPS for the quarter, beating the consensus estimate of $1.47 by $0.74. Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The company had revenue of $579.57 million for the quarter, compared to the consensus estimate of $583.19 million. Equities analysts forecast that Lamar Advertising will post 7.49 EPS for the current year.

Lamar Advertising Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date is Friday, March 14th. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.40. Lamar Advertising’s dividend payout ratio (DPR) is currently 112.00%.

Institutional Investors Weigh In On Lamar Advertising

Several hedge funds have recently modified their holdings of LAMR. Blue Trust Inc. boosted its position in shares of Lamar Advertising by 444.1% during the 3rd quarter. Blue Trust Inc. now owns 185 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 151 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Lamar Advertising during the third quarter worth about $25,000. Rialto Wealth Management LLC purchased a new position in Lamar Advertising in the fourth quarter valued at about $25,000. Concord Wealth Partners acquired a new stake in shares of Lamar Advertising during the 3rd quarter valued at approximately $26,000. Finally, Assetmark Inc. boosted its stake in shares of Lamar Advertising by 109.3% during the 3rd quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 117 shares in the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

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.