Lamar Advertising (NASDAQ:LAMR) Price Target Raised to $136.00

Lamar Advertising (NASDAQ:LAMR) had its price target raised by Wells Fargo & Company from $121.00 to $136.00 in a research note published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the real estate investment trust’s stock.

A number of other analysts also recently issued reports on the company. Morgan Stanley set a $140.00 target price on Lamar Advertising in a research note on Tuesday, December 16th. UBS Group set a $150.00 price objective on shares of Lamar Advertising in a research report on Monday. TD Cowen reissued a “buy” rating on shares of Lamar Advertising in a research note on Monday. JPMorgan Chase & Co. raised their price target on shares of Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Finally, Citigroup upped their price objective on Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Lamar Advertising presently has an average rating of “Moderate Buy” and a consensus target price of $139.80.

Lamar Advertising Price Performance

Shares of NASDAQ LAMR opened at $135.71 on Tuesday. The firm has a 50-day simple moving average of $129.77 and a 200-day simple moving average of $126.54. The company has a quick ratio of 0.59, a current ratio of 0.58 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $13.74 billion, a price-to-earnings ratio of 23.52 and a beta of 1.23. Lamar Advertising has a 52 week low of $99.84 and a 52 week high of $138.70.

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

Lamar Advertising Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a $1.60 dividend. The ex-dividend date of this dividend is 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 4.7%. Lamar Advertising’s dividend payout ratio is presently 107.45%.

Institutional Investors Weigh In On Lamar Advertising

Institutional investors have recently modified their holdings of the company. Sivia Capital Partners LLC acquired a new position in Lamar Advertising during the 2nd quarter worth about $510,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Lamar Advertising during the second quarter worth about $181,000. Brookstone Capital Management lifted its position in shares of Lamar Advertising by 8.6% during the second quarter. Brookstone Capital Management now owns 2,939 shares of the real estate investment trust’s stock worth $357,000 after purchasing an additional 232 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted 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 valued at $11,785,000 after purchasing an additional 733 shares during the period. Finally, Focus Partners Advisor Solutions LLC grew its holdings in shares of Lamar Advertising by 103.6% in the second quarter. Focus Partners Advisor Solutions LLC now owns 4,710 shares of the real estate investment trust’s stock valued at $572,000 after purchasing an additional 2,397 shares in the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

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.