Lamar Advertising (NASDAQ:LAMR) had its price objective raised by Morgan Stanley from $68.00 to $70.00 in a research note issued to investors on Friday morning. They currently have an equal weight rating on the real estate investment trust’s stock.

LAMR has been the subject of a number of other research reports. Zacks Investment Research cut Lamar Advertising from a buy rating to a hold rating in a report on Tuesday, January 9th. BidaskClub cut Lamar Advertising from a buy rating to a hold rating in a report on Wednesday, December 20th. Citigroup cut Lamar Advertising from a neutral rating to a sell rating and set a $68.00 price target for the company. in a report on Wednesday, December 20th. Finally, ValuEngine cut Lamar Advertising from a buy rating to a hold rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $72.25.

Shares of Lamar Advertising (NASDAQ:LAMR) opened at $67.16 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.23. Lamar Advertising has a fifty-two week low of $62.45 and a fifty-two week high of $79.17. The stock has a market capitalization of $5,600.00, a PE ratio of 21.25, a PEG ratio of 4.32 and a beta of 1.02.

In other Lamar Advertising news, Director Stephen P. Mumblow sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $78.33, for a total value of $313,320.00. Following the completion of the transaction, the director now owns 11,031 shares in the company, valued at approximately $864,058.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 14.70% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in LAMR. FMR LLC raised its position in shares of Lamar Advertising by 22.7% in the 2nd quarter. FMR LLC now owns 923,416 shares of the real estate investment trust’s stock valued at $67,936,000 after purchasing an additional 171,001 shares in the last quarter. Advisor Group Inc. raised its position in shares of Lamar Advertising by 22.9% in the 2nd quarter. Advisor Group Inc. now owns 4,029 shares of the real estate investment trust’s stock valued at $295,000 after purchasing an additional 752 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Lamar Advertising by 2.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 120,632 shares of the real estate investment trust’s stock valued at $8,875,000 after purchasing an additional 3,206 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Lamar Advertising by 2,271.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 216,318 shares of the real estate investment trust’s stock valued at $15,914,000 after purchasing an additional 207,195 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Lamar Advertising by 29.9% in the 2nd quarter. Voya Investment Management LLC now owns 42,815 shares of the real estate investment trust’s stock valued at $3,150,000 after purchasing an additional 9,857 shares in the last quarter. 84.41% of the stock is currently owned by institutional investors.

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About Lamar Advertising

Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.

Analyst Recommendations for Lamar Advertising (NASDAQ:LAMR)

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