Lamar Advertising (NASDAQ:LAMR) Given New $158.00 Price Target at Wells Fargo & Company

Lamar Advertising (NASDAQ:LAMR) had its price target upped by Wells Fargo & Company from $156.00 to $158.00 in a research note published on Friday, Marketbeat Ratings reports. They currently have an equal weight rating on the real estate investment trust’s stock.

A number of other brokerages have also weighed in on LAMR. JPMorgan Chase & Co. upped their target price on Lamar Advertising from $153.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Lamar Advertising in a report on Wednesday, August 19th. Morgan Stanley set a $170.00 price objective on shares of Lamar Advertising in a research report on Friday, August 7th. Finally, Citigroup lowered shares of Lamar Advertising from a “buy” rating to a “neutral” rating and increased their price target for the stock from $145.00 to $160.00 in a report on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $161.33.

Lamar Advertising Price Performance

NASDAQ LAMR traded down $1.31 during trading hours on Friday, hitting $155.99. The company had a trading volume of 993,125 shares, compared to its average volume of 540,065. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $15.84 billion, a price-to-earnings ratio of 27.51 and a beta of 1.23. Lamar Advertising has a 52 week low of $120.54 and a 52 week high of $166.33. The firm has a 50 day simple moving average of $149.76 and a 200 day simple moving average of $145.35.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.58. The firm had revenue of $616.75 million for the quarter, compared to the consensus estimate of $606.61 million. Lamar Advertising had a net margin of 23.90% and a return on equity of 54.94%. Equities research analysts expect that Lamar Advertising will post 8.40 earnings per share for the current year.

Lamar Advertising Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were given a dividend of $1.65 per share. The ex-dividend date was Monday, September 21st. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.60. This represents a $6.60 annualized dividend and a yield of 4.2%. Lamar Advertising’s dividend payout ratio (DPR) is currently 120.44%.

Insider Activity

In other news, Director Thomas Reifenheiser sold 8,099 shares of Lamar Advertising stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $149.03, for a total value of $1,206,993.97. Following the transaction, the director owned 36,387 shares in the company, valued at approximately $5,422,754.61. The trade was a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 15.24% of the company’s stock.

Institutional Investors Weigh In On Lamar Advertising

Large investors have recently modified their holdings of the stock. Eastern Bank purchased a new stake in shares of Lamar Advertising in the 3rd quarter worth approximately $26,000. Parkside Financial Bank & Trust raised its stake in Lamar Advertising by 53.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 243 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 85 shares during the period. Elevation Wealth Partners LLC boosted its holdings in Lamar Advertising by 451.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 259 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 212 shares during the period. Western Wealth Management LLC purchased a new position in Lamar Advertising in the 1st quarter worth approximately $40,000. Finally, Provenance Wealth Advisors LLC bought a new position in shares of Lamar Advertising during the 3rd quarter valued at about $42,000. Institutional investors own 93.78% of the company’s stock.

Key Stories Impacting Lamar Advertising

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

• Positive Sentiment: Q3 funds from operations beat estimates. FFO was $2.41 per share, above the $2.36 consensus and up from $2.20 a year earlier. Revenue reached $624.5 million, slightly topping estimates, while adjusted EBITDA was $306.9 million. Zacks article: Lamar beats Q3 FFO and revenue estimates
• Positive Sentiment: Management raised its full-year AFFO outlook. The company’s 2026 AFFO guidance increased to $8.97 per share. An outside analysis also highlighted 9.5% year-over-year AFFO growth and resilient local advertising demand as supportive factors. Lamar raises 2026 AFFO outlook
• Neutral Sentiment: Wells Fargo raised its price target from $156 to $158 but maintained an “equal weight” rating. The new target suggests limited upside from the reported $155.98 price, tempering the otherwise favorable earnings and guidance news. Wells Fargo recommendations

Lamar Advertising Company Profile

Lamar Advertising Company is an outdoor advertising company that provides businesses with advertising displays across the United States. Its offerings include traditional and digital billboards, bulletin and poster displays, transit advertising, and other out-of-home media formats.

The company also provides logo sign and tourist-oriented directional signage services through displays located along highways and other major transportation routes. Its digital advertising network allows advertisers to deliver messages that can be updated more frequently than traditional static signage.

Lamar traces its roots to 1902 and is headquartered in Baton Rouge, Louisiana.