Shares of Lamar Advertising (NASDAQ:LAMR - Get Free Report) have been given an average rating of "Hold" by the five analysts that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $132.40.
Several brokerages have commented on LAMR. Wells Fargo & Company cut their price target on shares of Lamar Advertising from $132.00 to $124.00 and set an "equal weight" rating on the stock in a research report on Monday, November 11th. Morgan Stanley raised their target price on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. StockNews.com downgraded Lamar Advertising from a "buy" rating to a "hold" rating in a report on Monday, November 11th. Finally, TD Cowen increased their price target on Lamar Advertising from $142.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, November 11th.
Read Our Latest Stock Analysis on Lamar Advertising
Hedge Funds Weigh In On Lamar Advertising
A number of hedge funds have recently made changes to their positions in LAMR. Blue Trust Inc. raised its holdings in 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 during the last quarter. Brooklyn Investment Group bought a new position in Lamar Advertising during the third quarter worth $25,000. Concord Wealth Partners acquired a new position in Lamar Advertising in the third quarter valued at $26,000. Assetmark Inc. boosted its position in Lamar Advertising by 109.3% during the third quarter. Assetmark Inc. now owns 224 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 117 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Lamar Advertising by 46.6% during the 4th quarter. Versant Capital Management Inc now owns 450 shares of the real estate investment trust's stock worth $55,000 after acquiring an additional 143 shares during the period. 93.78% of the stock is currently owned by institutional investors.
Lamar Advertising Trading Down 1.3 %
NASDAQ:LAMR traded down $1.72 during trading hours on Wednesday, hitting $126.10. The stock had a trading volume of 435,149 shares, compared to its average volume of 497,442. Lamar Advertising has a one year low of $102.10 and a one year high of $139.88. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market cap of $12.91 billion, a price-to-earnings ratio of 25.22 and a beta of 1.50. The business's 50 day moving average is $126.19 and its 200-day moving average is $126.15.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 EPS for the quarter, missing analysts' consensus estimates of $2.17 by ($0.73). Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. The company had revenue of $564.10 million for the quarter, compared to analyst estimates of $568.91 million. During the same quarter in the previous year, the business earned $2.04 earnings per share. The company's revenue was up 4.0% on a year-over-year basis. Sell-side analysts anticipate that Lamar Advertising will post 7.49 EPS for the current fiscal year.
Lamar Advertising Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 18th were paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend was Wednesday, December 18th. Lamar Advertising's payout ratio is 112.00%.
Lamar Advertising Company Profile
(
Get Free ReportLamar 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.
Read More
Before you consider Lamar Advertising, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lamar Advertising wasn't on the list.
While Lamar Advertising currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
