Lamar Advertising (NASDAQ:LAMR) Given Average Rating of "Hold" by Analysts

Shares of Lamar Advertising (NASDAQ:LAMR - Get Free Report) have earned a consensus rating of "Hold" from the five analysts that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $134.60.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LAMR. Brooklyn Investment Group bought a new position in shares of Lamar Advertising in the third quarter worth about $25,000. Rialto Wealth Management LLC bought a new position in Lamar Advertising in the 4th quarter worth approximately $25,000. Assetmark Inc. grew its holdings in Lamar Advertising by 109.3% during the 3rd 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 in the last quarter. Bessemer Group Inc. raised its position in shares of Lamar Advertising by 106.7% during the fourth quarter. Bessemer Group Inc. now owns 277 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 143 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Lamar Advertising by 58.4% in the fourth quarter. Blue Trust Inc. now owns 293 shares of the real estate investment trust's stock worth $39,000 after buying an additional 108 shares in the last quarter. Institutional investors own 93.78% of the company's stock.

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Lamar Advertising Stock Performance

Lamar Advertising stock traded down $0.96 during midday trading on Tuesday, reaching $111.19. 1,209,566 shares of the company traded hands, compared to its average volume of 435,538. Lamar Advertising has a 12 month low of $108.80 and a 12 month 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 business has a 50 day moving average of $123.35 and a two-hundred day moving average of $127.40. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 31.50 and a beta of 1.53.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.74. Lamar Advertising had a return on equity of 30.20% and a net margin of 16.40%. The firm had revenue of $579.57 million for the quarter, compared to analysts' expectations of $583.19 million. As a group, research analysts predict that Lamar Advertising will post 7.92 earnings per share for the current year.

Lamar Advertising Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $1.55 dividend. The ex-dividend date is Friday, March 14th. This is a boost from Lamar Advertising's previous quarterly dividend of $1.40. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.58%. Lamar Advertising's dividend payout ratio is 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.