Citigroup Inc. reaffirmed their neutral rating on shares of Lamar Advertising Company (NASDAQ:LAMR) in a research report released on Friday morning. Citigroup Inc. currently has a $66.00 target price on the real estate investment trust’s stock, down from their previous target price of $69.00.

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Lamar Advertising from a hold rating to a sell rating in a report on Tuesday, May 9th. MKM Partners reaffirmed a neutral rating and set a $72.00 price objective (down previously from $73.00) on shares of Lamar Advertising in a report on Friday, May 5th. ValuEngine lowered Lamar Advertising from a buy rating to a hold rating in a report on Tuesday, May 23rd. Loop Capital reaffirmed a buy rating and set a $87.00 price objective on shares of Lamar Advertising in a report on Friday, June 9th. Finally, BidaskClub lowered Lamar Advertising from a hold rating to a sell rating in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $73.40.

Lamar Advertising (NASDAQ LAMR) traded up 1.31% during mid-day trading on Friday, hitting $65.98. The stock had a trading volume of 86,545 shares. Lamar Advertising has a 52-week low of $58.68 and a 52-week high of $79.09.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by $0.37. The firm had revenue of $397.10 million for the quarter, compared to analysts’ expectations of $399.09 million. Lamar Advertising had a return on equity of 28.21% and a net margin of 19.75%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 EPS. On average, equities research analysts anticipate that Lamar Advertising will post $3.12 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/08/14/lamar-advertising-company-lamr-earns-neutral-rating-from-citigroup-inc.html.

In other news, Director Stephen P. Mumblow sold 20,000 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $70.61, for a total transaction of $1,412,200.00. Following the completion of the sale, the director now owns 5,970 shares in the company, valued at $421,541.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 18.66% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Penserra Capital Management LLC acquired a new stake in shares of Lamar Advertising during the first quarter valued at $169,000. Westpac Banking Corp acquired a new stake in shares of Lamar Advertising during the second quarter valued at $176,000. Verity Asset Management Inc. acquired a new stake in shares of Lamar Advertising during the second quarter valued at $204,000. HL Financial Services LLC acquired a new stake in shares of Lamar Advertising during the first quarter valued at $217,000. Finally, Creative Planning increased its stake in shares of Lamar Advertising by 11.1% in the first quarter. Creative Planning now owns 2,906 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 290 shares during the period. Institutional investors and hedge funds own 86.79% of the company’s stock.

Lamar Advertising Company Profile

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)

Receive News & Stock Ratings for Lamar Advertising Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamar Advertising Company and related stocks with our FREE daily email newsletter.