Lamar Advertising Company (REIT) (NASDAQ:LAMR) has a beta value of 1.51 and has seen 0.31 million shares traded in the last trading session. The company, currently valued at $11.76B, closed the last trade at $115.94 per share which meant it lost -$0.32 on the day or -0.28% during that session. The LAMR stock price is -0.52% off its 52-week high price of $116.54 and 48.44% above the 52-week low of $59.78. The 3-month trading volume is 383.23K shares.
The consensus among analysts is that Lamar Advertising Company (REIT) (LAMR) is a Hold stock at the moment, with a recommendation rating of 2.80. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 5 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.86.
Lamar Advertising Company (REIT) (NASDAQ:LAMR) trade information
Sporting -0.28% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the LAMR stock price touched $115.94 or saw a rise of 0.51%. Year-to-date, Lamar Advertising Company (REIT) shares have moved 39.32%, while the 5-day performance has seen it change 2.23%. Over the past 30 days, the shares of Lamar Advertising Company (REIT) (NASDAQ:LAMR) have changed 6.71%.
Wall Street analysts have a consensus price target for the stock at $118.25, which means that the shares’ value could jump 1.95% from current levels. The projected low price target is $110.00 while the price target rests at a high of $135.00. In that case, then, we find that the current price level is -16.44% off the targeted high while a plunge would see the stock lose 5.12% from current levels.
Lamar Advertising Company (REIT) (LAMR) estimates and forecasts
Figures show that Lamar Advertising Company (REIT) shares have outperformed across the wider relevant industry. The company’s shares have gained 21.63% over the past 6 months, with this year growth rate of 28.43%, compared to 3.40% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 177.40% and 85.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 10.30%.
2 analysts offering their estimates for the company have set an average revenue estimate of $445.05 million for the current quarter. 2 have an estimated revenue figure of $458.94 million for the next quarter concluding in Sep 2021. Year-ago sales stood $347.65 million and $376.7 million respectively for this quarter and the next, and analysts expect sales will grow by 28.00% for the current quarter and 21.80% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -2.40% over the past 5 years. Earnings growth for 2021 is a modest -35.00% while over the next 5 years, the company’s earnings are expected to increase by 3.00%.
Lamar Advertising Company (REIT) is expected to release its next earnings report between November 03 and November 08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 3.00 at a share yield of 2.59%. The company’s dividend yield has gone up over the past 12 months.
Lamar Advertising Company (REIT) (NASDAQ:LAMR)’s Major holders
Insiders own 0.70% of the company shares, while shares held by institutions stand at 95.14% with a share float percentage of 95.81%. Investors are also buoyed by the number of investors in a company, with Lamar Advertising Company (REIT) having a total of 530 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 12.84 million shares worth more than $1.34 billion. As of Jun 29, 2021, Vanguard Group, Inc. (The) held 14.80% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 8.02 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $837.87 million and represent 9.25% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Janus Henderson Enterprise Fund and Vanguard Specialized-Real Estate Index Fund. As of Jun 29, 2021, the former fund manager holds about 4.90% shares in the company for having 4.25 million shares of worth $443.99 million while later fund manager owns 3.91 million shares of worth $386.81 million as of Apr 29, 2021, which makes it owner of about 4.50% of company’s outstanding stock.