Lamar Advertising (NASDAQ:LAMR) Given New $160.00 Price Target at JPMorgan Chase & Co.

Lamar Advertising (NASDAQ:LAMR) had its target price raised by JPMorgan Chase & Co. from $153.00 to $160.00 in a research report released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

LAMR has been the subject of several other reports. Morgan Stanley set a $170.00 target price on shares of Lamar Advertising in a report on Friday. TD Cowen upped their target price on Lamar Advertising from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Wells Fargo & Company raised their price target on Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Citigroup cut Lamar Advertising from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $145.00 to $160.00 in a report on Friday, July 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a research report on Friday, May 22nd. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $160.00.

Lamar Advertising Stock Up 0.6%

LAMR opened at $160.93 on Friday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $16.33 billion, a price-to-earnings ratio of 29.37 and a beta of 1.19. Lamar Advertising has a one year low of $113.66 and a one year high of $166.33. The business’s fifty day moving average is $156.26 and its two-hundred day moving average is $142.83.

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 for the quarter, meeting analysts’ consensus estimates of $1.58. The business had revenue of $616.75 million during the quarter, compared to analysts’ expectations of $606.61 million. Lamar Advertising had a return on equity of 54.65% and a net margin of 23.90%.Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. Analysts anticipate that Lamar Advertising will post 8.41 EPS for the current fiscal year.

Lamar Advertising Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a dividend of $1.60 per share. The ex-dividend date was Tuesday, June 16th. This represents a $6.40 annualized dividend and a dividend yield of 4.0%. Lamar Advertising’s dividend payout ratio (DPR) is 118.08%.

Institutional Trading of Lamar Advertising

Institutional investors and hedge funds have recently made changes to their positions in the company. Tucker Asset Management LLC acquired a new stake in Lamar Advertising during the fourth quarter worth about $25,000. Sound Income Strategies LLC raised its holdings in shares of Lamar Advertising by 151.0% in the 4th quarter. Sound Income Strategies LLC now owns 251 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 151 shares during the period. Elevation Wealth Partners LLC lifted its stake in shares of 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 valued at $40,000 after purchasing an additional 212 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Lamar Advertising during the 3rd quarter worth about $33,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Lamar Advertising during the 1st quarter worth about $40,000. 93.78% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Lamar Advertising

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

• Positive Sentiment: Q2 AFFO and revenue exceeded expectations. Lamar reported diluted AFFO of $2.40 per share, up 8.1% year over year and ahead of the approximately $2.30 consensus estimate. Revenue rose 6.5% to $616.7 million, exceeding analysts’ $606.6 million forecast, while adjusted EBITDA increased 9.0% to $303.4 million. Lamar’s Q2 FFO Beat Estimates on Revenue Growth, ’26 Guidance Raised
• Positive Sentiment: Management raised 2026 AFFO guidance. Citing better-than-expected results and strong advertising sales pacing, Lamar increased its full-year diluted AFFO-per-share outlook to $8.75-$8.90. Free cash flow also rose $19.6 million year over year in the quarter, supporting the investment case for cash generation. Lamar Advertising Reports Second Quarter 2026 Results, Raises Full-Year AFFO Guidance
• Positive Sentiment: Core profitability and cash flow improved. Q2 net income increased 6.2% to $164.6 million, operating cash flow climbed to $252.4 million, and adjusted EBITDA margin benefited from revenue growth and improved profitability.
• Neutral Sentiment: JPMorgan raised its price target but kept a Neutral rating. The firm increased its target from $153 to $160, indicating limited expected upside at the reported trading level. JPMorgan Price Target Update
• Negative Sentiment: Reported first-half GAAP earnings declined. Six-month net income fell 9.4% to $266.5 million, primarily because the prior-year period included a much larger gain from the sale of Lamar’s Vistar Media interest. The company also carries substantial debt, which leaves results sensitive to interest rates and economic conditions.
• Negative Sentiment: Headline EPS guidance is below consensus. Lamar’s 2026 diluted EPS guidance of $5.95-$5.99 is below the cited $8.41 analyst consensus, although REIT investors typically place greater emphasis on AFFO. Lamar Second-Quarter Operating Results

Lamar Advertising Company Profile

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.