Lamar Advertising (NASDAQ:LAMR) Hits New 12-Month High – What’s Next?

Lamar Advertising Company (NASDAQ:LAMR) hit a new 52-week high during trading on Wednesday . The company traded as high as $139.69 and last traded at $139.08, with a volume of 749618 shares trading hands. The stock had previously closed at $139.18.

Analyst Upgrades and Downgrades

LAMR has been the topic of a number of research reports. Morgan Stanley set a $140.00 price objective on Lamar Advertising in a research note on Tuesday, December 16th. 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. 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. UBS Group set a $150.00 price objective on shares of Lamar Advertising in a research note on Monday, February 23rd. Finally, TD Cowen reissued a “buy” rating on shares of Lamar Advertising in a report on Monday, February 23rd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.80.

Lamar Advertising Stock Performance

The business’s fifty day moving average price is $130.45 and its 200-day moving average price is $127.04. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market capitalization of $14.09 billion, a PE ratio of 24.10 and a beta of 1.21.

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

Lamar Advertising Increases Dividend

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

Institutional Investors Weigh In On Lamar Advertising

Several large investors have recently added to or reduced their stakes in the business. Tucker Asset Management LLC purchased a new stake in shares of Lamar Advertising in the 4th quarter valued at about $25,000. True Wealth Design LLC increased its position in shares of Lamar Advertising by 466.7% in the second quarter. True Wealth Design LLC now owns 204 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 168 shares during the last quarter. Quent Capital LLC purchased a new stake in Lamar Advertising in the third quarter valued at approximately $26,000. Alpine Bank Wealth Management purchased a new stake in Lamar Advertising in the third quarter valued at approximately $27,000. Finally, Sound Income Strategies LLC lifted its position in Lamar Advertising by 151.0% during the fourth quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 151 shares during the last quarter. Institutional investors own 93.78% of the company’s stock.

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.