Lamar Advertising (NASDAQ:LAMR) Receives $134.60 Consensus Target Price from Brokerages

Lamar Advertising (NASDAQ:LAMR - Get Free Report) has received a consensus rating of "Hold" from the five brokerages that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $134.60.

Several brokerages have issued reports on LAMR. 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 note on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price target on Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st.

Hedge Funds Weigh In On Lamar Advertising

A number of hedge funds have recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC bought a new position in shares of Lamar Advertising during the 3rd quarter valued at $234,000. Y Intercept Hong Kong Ltd raised its holdings in Lamar Advertising by 110.7% during the third quarter. Y Intercept Hong Kong Ltd now owns 4,345 shares of the real estate investment trust's stock valued at $580,000 after buying an additional 2,283 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Lamar Advertising by 4.7% in the third quarter. Public Employees Retirement System of Ohio now owns 38,503 shares of the real estate investment trust's stock worth $5,144,000 after buying an additional 1,732 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Lamar Advertising by 25.3% during the 3rd quarter. M&T Bank Corp now owns 19,395 shares of the real estate investment trust's stock worth $2,591,000 after acquiring an additional 3,916 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Lamar Advertising by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,054,962 shares of the real estate investment trust's stock valued at $274,595,000 after acquiring an additional 90,775 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company's stock.

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Lamar Advertising Price Performance

Shares of NASDAQ LAMR traded down $2.34 during mid-day trading on Friday, reaching $107.02. The company had a trading volume of 358,687 shares, compared to its average volume of 483,393. Lamar Advertising has a 1-year low of $99.84 and a 1-year high of $139.88. The stock has a market cap of $10.96 billion, a PE ratio of 30.32 and a beta of 1.34. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. The company has a 50-day moving average price of $117.74 and a two-hundred day moving average price of $124.88.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted 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 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 the consensus estimate of $583.19 million. On average, equities analysts anticipate that Lamar Advertising will post 7.92 earnings per share for the current year.

Lamar Advertising Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $1.55 per share. The ex-dividend date was Friday, March 14th. This is an increase 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 5.79%. Lamar Advertising's dividend payout ratio (DPR) 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.