Analysts Set Lamar Advertising Company (NASDAQ:LAMR) Target Price at $133.00

Shares of Lamar Advertising Company (NASDAQ:LAMR) have been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $139.80.

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Lamar Advertising from $122.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. UBS Group set a $150.00 price objective on Lamar Advertising in a research report on Monday, February 23rd. Wells Fargo & Company upped their target price on Lamar Advertising from $121.00 to $136.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 24th. TD Cowen reissued a “buy” rating on shares of Lamar Advertising in a research report on Monday, February 23rd. Finally, Weiss Ratings upgraded Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, February 23rd.

Lamar Advertising Price Performance

Shares of Lamar Advertising stock opened at $137.74 on Monday. The business has a 50 day moving average of $129.97 and a 200 day moving average of $126.80. Lamar Advertising has a 52 week low of $99.84 and a 52 week high of $138.70. The company has a market cap of $13.96 billion, a PE ratio of 23.87 and a beta of 1.21. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.10.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Friday, February 20th. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.68). Lamar Advertising had a net margin of 25.91% and a return on equity of 58.58%. The company had revenue of $595.93 million for the quarter, compared to analysts’ expectations of $592.70 million. Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. As a group, equities research analysts forecast that Lamar Advertising will post 7.92 earnings per share for the current year.

Lamar Advertising Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $1.60 per share. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.55. This represents a $6.40 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Monday, March 16th. Lamar Advertising’s payout ratio is 107.45%.

Institutional Trading of Lamar Advertising

A number of hedge funds and other institutional investors have recently modified their holdings of LAMR. Nisa Investment Advisors LLC increased its position in Lamar Advertising by 31.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 45,951 shares of the real estate investment trust’s stock valued at $5,625,000 after buying an additional 10,982 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Lamar Advertising by 0.8% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 97,106 shares of the real estate investment trust’s stock worth $11,785,000 after acquiring an additional 733 shares during the last quarter. Assetmark Inc. grew its stake in shares of Lamar Advertising by 31.3% in the third quarter. Assetmark Inc. now owns 102,270 shares of the real estate investment trust’s stock worth $12,520,000 after acquiring an additional 24,391 shares during the last quarter. Meixler Investment Management Ltd. increased its holdings in shares of Lamar Advertising by 47.0% during the second quarter. Meixler Investment Management Ltd. now owns 9,650 shares of the real estate investment trust’s stock valued at $1,171,000 after acquiring an additional 3,086 shares in the last quarter. Finally, Gateway Investment Advisers LLC increased its holdings in shares of Lamar Advertising by 89.4% during the third quarter. Gateway Investment Advisers LLC now owns 74,254 shares of the real estate investment trust’s stock valued at $9,090,000 after acquiring an additional 35,048 shares in the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

About Lamar Advertising

Lamar Advertising Company (NASDAQ: LAMR) is one of North America’s largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.