Lamar Advertising Co (NASDAQ:LAMR) Institutional Investors Q2 2018 Sentiment

October 2, 2018 - By Vivian Park

Lamar Advertising Company (NASDAQ:REIT) Logo

Sentiment for Lamar Advertising Co (NASDAQ:LAMR)

Lamar Advertising Co (NASDAQ:LAMR) institutional sentiment decreased to 0.98 in 2018 Q2. Its down -0.12, from 1.1 in 2018Q1. The ratio turned negative, as 126 investment professionals increased and opened new holdings, while 129 decreased and sold their stakes in Lamar Advertising Co. The investment professionals in our partner’s database now have: 82.88 million shares, up from 79.91 million shares in 2018Q1. Also, the number of investment professionals holding Lamar Advertising Co in their top 10 holdings decreased from 2 to 0 for a decrease of 2. Sold All: 29 Reduced: 100 Increased: 89 New Position: 37.

Lamar Advertising Company is a publicly owned equity real estate investment trust. The company has market cap of $7.62 billion. The firm primarily engages in selling advertising space on billboards, buses, shelters, benches, and logo plates. It has a 25.36 P/E ratio.

The stock decreased 0.93% or $0.72 during the last trading session, reaching $77.08. About 233,924 shares traded. Lamar Advertising Company (NASDAQ:LAMR) has risen 23.73% since October 2, 2017 and is uptrending. It has outperformed by 8.11% the S&P500.

Lamar Advertising Company (NASDAQ:REIT) Ratings Coverage

Ratings analysis reveals 33% of Lamar Advertising’s analysts are positive. Out of 3 Wall Street analysts rating Lamar Advertising, 1 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is $69 while the high is $93. The stock’s average target of $79.67 is 3.36% above today’s ($77.08) share price. LAMR was included in 3 notes of analysts from August 9, 2018. Wells Fargo maintained the stock with “Market Perform” rating in Thursday, August 9 report. The stock of Lamar Advertising Company (NASDAQ:REIT) has “Sell” rating given on Wednesday, August 15 by Citigroup.

Lamar Advertising Company (NASDAQ:REIT) Ratings Chart

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