Shares of Lamar Advertising (NASDAQ:LAMR - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $132.00, but opened at $124.01. Lamar Advertising shares last traded at $126.28, with a volume of 341,270 shares.
Analyst Ratings Changes
Several research firms have commented on LAMR. TD Cowen upped their price target on Lamar Advertising from $142.00 to $160.00 and gave the company a "buy" rating in a report on Monday, November 11th. StockNews.com lowered Lamar Advertising from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. decreased their price target 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. Morgan Stanley increased their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company reduced 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 report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Lamar Advertising presently has a consensus rating of "Hold" and a consensus target price of $133.40.
Check Out Our Latest Stock Report on Lamar Advertising
Lamar Advertising Stock Down 0.3 %
The stock has a market capitalization of $12.48 billion, a P/E ratio of 24.38 and a beta of 1.51. 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 firm's fifty day moving average is $124.74 and its 200-day moving average is $127.31.
Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.74. The company had revenue of $579.57 million during the quarter, compared to analysts' expectations of $583.19 million. Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. As a group, equities research analysts predict that Lamar Advertising will post 7.49 earnings per share for the current year.
Lamar Advertising Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $1.55 dividend. This is an increase from Lamar Advertising's previous quarterly dividend of $1.40. The ex-dividend date is Friday, March 14th. This represents a $6.20 annualized dividend and a yield of 5.09%. Lamar Advertising's payout ratio is presently 112.00%.
Institutional Trading of Lamar Advertising
Several large investors have recently made changes to their positions in the business. FMR LLC lifted its position in Lamar Advertising by 11.0% during the 4th quarter. FMR LLC now owns 5,527,270 shares of the real estate investment trust's stock worth $672,890,000 after buying an additional 545,606 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Lamar Advertising by 2.9% in the third quarter. Janus Henderson Group PLC now owns 4,248,660 shares of the real estate investment trust's stock worth $567,632,000 after acquiring an additional 119,068 shares during the last quarter. Cohen & Steers Inc. lifted its position in shares of Lamar Advertising by 453.6% during the fourth quarter. Cohen & Steers Inc. now owns 2,660,664 shares of the real estate investment trust's stock worth $323,900,000 after purchasing an additional 2,180,011 shares in the last quarter. State Street Corp grew its stake in shares of Lamar Advertising by 0.8% during the third quarter. State Street Corp now owns 2,640,356 shares of the real estate investment trust's stock valued at $352,752,000 after purchasing an additional 21,852 shares during the last quarter. Finally, Boston Partners increased its holdings in shares of Lamar Advertising by 6.7% in the fourth quarter. Boston Partners now owns 2,423,981 shares of the real estate investment trust's stock valued at $295,122,000 after purchasing an additional 152,575 shares in the last quarter. Institutional investors own 93.78% of the company's stock.
About Lamar Advertising
(
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.
Further Reading
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
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
