Lamar Advertising (NASDAQ:LAMR) Price Target Raised to $150.00

Lamar Advertising (NASDAQ:LAMR) had its price objective upped by Wells Fargo & Company from $136.00 to $150.00 in a research note published on Friday morning,Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

Several other equities research analysts also recently commented on the stock. Morgan Stanley set a $145.00 price objective on shares of Lamar Advertising in a research note on Thursday. Weiss Ratings upgraded shares of Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research note on Monday, February 23rd. TD Cowen reiterated a “buy” rating on shares of Lamar Advertising in a research note on Monday, February 23rd. Finally, UBS Group set a $150.00 price objective on shares of Lamar Advertising in a research note on Monday, February 23rd. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Lamar Advertising has an average rating of “Moderate Buy” and an average target price of $143.60.

Lamar Advertising Stock Performance

NASDAQ:LAMR opened at $157.93 on Friday. Lamar Advertising has a 12 month low of $113.05 and a 12 month high of $158.69. The firm has a fifty day simple moving average of $133.22 and a 200-day simple moving average of $129.88. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.33. The company has a market capitalization of $16.00 billion, a P/E ratio of 29.14 and a beta of 1.18.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, topping the consensus estimate of $0.82 by $0.18. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.53%. The business had revenue of $528.00 million during the quarter, compared to the consensus estimate of $522.86 million. On average, equities research analysts anticipate that Lamar Advertising will post 8.24 earnings per share for the current year.

Lamar Advertising Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a $1.60 dividend. The ex-dividend date of this dividend was Monday, March 16th. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.55. This represents a $6.40 dividend on an annualized basis and a yield of 4.1%. Lamar Advertising’s dividend payout ratio is presently 118.08%.

Insiders Place Their Bets

In other Lamar Advertising news, EVP Ross Lamar Reilly sold 5,969 shares of Lamar Advertising stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $128.65, for a total value of $767,911.85. Following the completion of the transaction, the executive vice president owned 15,850 shares of the company’s stock, valued at approximately $2,039,102.50. The trade was a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 15.24% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LAMR. M&T Bank Corp increased its holdings in Lamar Advertising by 12,278.7% in the fourth quarter. M&T Bank Corp now owns 1,147,876 shares of the real estate investment trust’s stock valued at $145,298,000 after buying an additional 1,138,603 shares in the last quarter. Norges Bank purchased a new position in Lamar Advertising in the fourth quarter valued at $104,705,000. AQR Capital Management LLC increased its holdings in Lamar Advertising by 123.8% in the second quarter. AQR Capital Management LLC now owns 1,475,525 shares of the real estate investment trust’s stock valued at $177,152,000 after buying an additional 816,217 shares in the last quarter. Egerton Capital UK LLP purchased a new position in Lamar Advertising in the third quarter valued at $88,615,000. Finally, Invesco Ltd. increased its holdings in Lamar Advertising by 97.8% in the third quarter. Invesco Ltd. now owns 991,990 shares of the real estate investment trust’s stock valued at $121,439,000 after buying an additional 490,463 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Lamar Advertising News Summary

Here are the key news stories impacting Lamar Advertising this week:

• Positive Sentiment: Lamar Advertising reported Q1 FFO/AFFO results that beat estimates, with AFFO per share up 7.5% year over year, signaling solid operating momentum and helping lift the stock. Article Title
• Positive Sentiment: Q1 earnings came in at $1.00 per share versus $0.82 expected, while revenue of $528.0 million also topped estimates, reinforcing confidence in the company’s near-term fundamentals. Article Title
• Positive Sentiment: Multiple reports pointed to stronger national customer demand and improving advertising conditions, which investors may see as an important tailwind for Lamar’s revenue growth. Article Title
• Neutral Sentiment: Wells Fargo raised its price target on Lamar Advertising to $150 from $136 but kept an “equal weight” rating, suggesting the firm sees better value than before but is not turning outright bullish. Article Title
• Neutral Sentiment: The company also announced CEO Sean Reilly will participate in an upcoming JPMorgan conference, which could provide additional investor updates but is not a material operating catalyst by itself. Article Title

Lamar Advertising Company Profile

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.