Lamar Advertising (NASDAQ:LAMR) Receives Consensus Rating of “Hold” from Analysts

Lamar Advertising (NASDAQ:LAMR) has been given a consensus rating of “Hold” by the five ratings firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $132.40.

LAMR has been the topic of several research reports. Morgan Stanley increased their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. TD Cowen increased their target price on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 11th. StockNews.com downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company cut their price objective on 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.

Hedge Funds Weigh In On Lamar Advertising

Institutional investors and hedge funds have recently modified their holdings of the company. Natixis Advisors LLC lifted its holdings in Lamar Advertising by 13.1% during the 2nd quarter. Natixis Advisors LLC now owns 60,442 shares of the real estate investment trust’s stock worth $7,225,000 after buying an additional 6,979 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Lamar Advertising during the third quarter worth approximately $43,665,000. Acadian Asset Management LLC boosted its holdings in Lamar Advertising by 179.4% in the second quarter. Acadian Asset Management LLC now owns 18,639 shares of the real estate investment trust’s stock valued at $2,226,000 after purchasing an additional 11,967 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Lamar Advertising by 19,961.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 110,340 shares of the real estate investment trust’s stock valued at $14,741,000 after purchasing an additional 109,790 shares in the last quarter. Finally, Gallacher Capital Management LLC purchased a new position in Lamar Advertising in the second quarter valued at approximately $807,000. Institutional investors and hedge funds own 93.78% of the company’s stock.

Lamar Advertising Trading Up 0.3 %

Shares of LAMR stock opened at $121.74 on Friday. Lamar Advertising has a 1-year low of $100.15 and a 1-year 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 company has a 50-day moving average of $129.27 and a two-hundred day moving average of $125.67. The firm has a market cap of $12.46 billion, a PE ratio of 24.35 and a beta of 1.50.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.73). Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The firm had revenue of $564.10 million during the quarter, compared to analysts’ expectations of $568.91 million. During the same quarter in the prior year, the firm posted $2.04 EPS. Lamar Advertising’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, analysts predict that Lamar Advertising will post 7.52 EPS for the current year.

Lamar Advertising Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th were given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend was Wednesday, December 18th. Lamar Advertising’s dividend payout ratio is presently 112.00%.

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.