Lamar Advertising (NASDAQ:LAMR - Get Free Report)'s share price reached a new 52-week low on Friday . The stock traded as low as $105.46 and last traded at $106.59, with a volume of 27864 shares. The stock had previously closed at $109.45.
Analysts Set New Price Targets
Several brokerages have issued reports on LAMR. JPMorgan Chase & Co. cut their price objective 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 boosted their price target on Lamar Advertising from $121.76 to $128.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $134.60.
Check Out Our Latest Research Report on LAMR
Lamar Advertising Stock Performance
The business has a fifty day moving average of $119.45 and a 200 day moving average of $125.75. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. The company has a market cap of $11.33 billion, a P/E ratio of 31.28 and a beta of 1.34.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.74. The business had revenue of $579.57 million during the quarter, compared to the consensus estimate of $583.19 million. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. On average, equities analysts predict 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 was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $1.55 per share. The ex-dividend date was Friday, March 14th. This represents a $6.20 annualized dividend and a dividend yield of 5.61%. This is an increase from Lamar Advertising's previous quarterly dividend of $1.40. Lamar Advertising's dividend payout ratio is 175.64%.
Institutional Trading of Lamar Advertising
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LAMR. Rialto Wealth Management LLC acquired a new stake in shares of Lamar Advertising in the fourth quarter valued at approximately $25,000. Bessemer Group Inc. lifted its stake in shares of Lamar Advertising by 106.7% in the 4th quarter. Bessemer Group Inc. now owns 277 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 143 shares during the last quarter. Blue Trust Inc. increased its position in shares of Lamar Advertising by 58.4% during the 4th quarter. Blue Trust Inc. now owns 293 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 108 shares during the last quarter. Versant Capital Management Inc raised its holdings in Lamar Advertising by 46.6% in the 4th quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust's stock valued at $55,000 after buying an additional 143 shares during the period. Finally, Avior Wealth Management LLC raised its stake in shares of Lamar Advertising by 16.8% in the 4th quarter. Avior Wealth Management LLC now owns 584 shares of the real estate investment trust's stock valued at $71,000 after acquiring an additional 84 shares during the period. Institutional investors and hedge funds own 93.78% of the company's stock.
Lamar Advertising Company Profile
(
Get Free Report)
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.
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