Lamar Advertising Company (NASDAQ:LAMR) Given Average Recommendation of “Moderate Buy” by Analysts

Lamar Advertising Company (NASDAQ:LAMR) has been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $134.20.

A number of research analysts recently weighed in on the company. Wells Fargo & Company cut their price objective on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating on the stock in a research note on Monday, August 11th. JPMorgan Chase & Co. cut their price objective on Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating on the stock in a research note on Monday, August 11th. Morgan Stanley raised their price objective on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lamar Advertising in a research report on Saturday, September 27th.

Lamar Advertising Stock Up 1.0%

Shares of LAMR stock opened at $123.22 on Friday. The stock’s 50 day simple moving average is $124.03 and its 200 day simple moving average is $119.57. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.58 and a current ratio of 0.58. Lamar Advertising has a twelve month low of $99.84 and a twelve month high of $139.88. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 28.66 and a beta of 1.37.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.74. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%.The business had revenue of $579.31 million for the quarter, compared to the consensus estimate of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. As a group, research analysts predict that Lamar Advertising will post 7.92 EPS for the current year.

Lamar Advertising Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Friday, September 19th. Lamar Advertising’s payout ratio is currently 144.19%.

Insider Buying and Selling

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $124.28, for a total value of $2,734,160.00. The sale was disclosed in a filing with the SEC, which is available through this link. 14.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LAMR. True Wealth Design LLC increased its position in Lamar Advertising by 466.7% in the 2nd quarter. True Wealth Design LLC now owns 204 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 168 shares during the period. 1248 Management LLC bought a new position in Lamar Advertising in the 1st quarter worth approximately $26,000. Golden State Wealth Management LLC acquired a new stake in shares of Lamar Advertising during the 1st quarter worth approximately $28,000. Ameritas Advisory Services LLC bought a new stake in shares of Lamar Advertising during the second quarter valued at approximately $28,000. Finally, HHM Wealth Advisors LLC increased its position in shares of Lamar Advertising by 26,900.0% during the first quarter. HHM Wealth Advisors LLC now owns 270 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 269 shares during the period. 93.78% of the stock is owned by institutional investors.

About Lamar Advertising

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.