Lamar Advertising (LAMR) Stock Price, News & Analysis

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lamar Advertising in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" LAMR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LAMR, but not buy additional shares or sell existing shares.
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2 brokerages have issued 12 month price targets for Lamar Advertising's shares. Their LAMR share price targets range from $109.00 to $110.00. On average, they predict the company's stock price to reach $109.50 in the next twelve months. This suggests that the stock has a possible downside of 1.0%.
View analysts price targets for LAMR or view top-rated stocks among Wall Street analysts.

Lamar Advertising's stock was trading at $106.28 on January 1st, 2024. Since then, LAMR shares have increased by 4.1% and is now trading at $110.64.
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Lamar Advertising saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 2,090,000 shares, a drop of 11.1% from the March 15th total of 2,350,000 shares. Based on an average trading volume of 418,800 shares, the short-interest ratio is presently 5.0 days.
View Lamar Advertising's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our LAMR earnings forecast.

Lamar Advertising will be holding an earnings conference call on Thursday, May 2nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Lamar Advertising (NASDAQ:LAMR) released its earnings results on Friday, February, 23rd. The real estate investment trust reported $1.46 earnings per share for the quarter, missing analysts' consensus estimates of $1.95 by $0.49. The real estate investment trust earned $555.91 million during the quarter, compared to analysts' expectations of $549.84 million. Lamar Advertising had a net margin of 23.49% and a trailing twelve-month return on equity of 41.88%. During the same period in the previous year, the firm posted $1.91 earnings per share.

Lamar Advertising declared a quarterly dividend on Thursday, February 22nd. Investors of record on Friday, March 15th will be given a dividend of $1.30 per share on Thursday, March 28th. This represents a $5.20 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from the stock's previous quarterly dividend of $1.25.
Read our dividend analysis for LAMR.

Lamar Advertising (NASDAQ:LAMR) pays an annual dividend of $5.20 per share and currently has a dividend yield of 4.68%. LAMR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 107.22%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, LAMR will have a dividend payout ratio of 64.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LAMR.

ETFs with the largest weight of Lamar Advertising (NASDAQ:LAMR) stock in their portfolio include Invesco Active U.S. Real Estate ETF (PSR), Inspire Faithward Mid Cap Momentum ETF (GLRY), USCF Dividend Income Fund (UDI), Ballast Small/Mid Cap ETF (MGMT), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF), Columbia Research Enhanced Real Estate ETF (CRED), Fidelity Real Estate Investment ETF (FPRO) and FlexShares Global Quality Real Estate Index Fund (GQRE).

Lamar Advertising issued an update on its FY24 earnings guidance on Friday, February, 23rd. The company provided earnings per share guidance of $7.67-7.82 for the period, compared to the consensus estimate of $7.70.

86 employees have rated Lamar Advertising Chief Executive Officer Sean Reilly on Glassdoor.com. Sean Reilly has an approval rating of 87% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Lamar Advertising investors own include Enterprise Products Partners (EPD), Verizon Communications (VZ), Chevron (CVX), AT&T (T), Iron Mountain (IRM), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM), Pfizer (PFE), Duke Energy (DUK) and International Business Machines (IBM).

Lamar Advertising's stock is owned by a number of institutional and retail investors. Top institutional investors include Miller Howard Investments Inc. NY (0.38%), Gilman Hill Asset Management LLC (0.09%), Dynamic Advisor Solutions LLC (0.04%), Wealth Enhancement Advisory Services LLC (0.03%), Beese Fulmer Investment Management Inc. (0.02%) and Hennion & Walsh Asset Management Inc. (0.01%). Insiders that own company stock include Anna Reilly, Jay Lecoryelle Johnson, Nancy Fletcher, Stephen P Mumblow and Thomas V Reifenheiser.
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Shares of LAMR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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