Lamar Advertising (LAMR) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lamar Advertising in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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.
View LAMR analyst ratings or view top-rated stocks.

3 Wall Street analysts have issued 12 month price targets for Lamar Advertising's stock. Their LAMR share price forecasts range from $110.00 to $116.00. On average, they expect the company's stock price to reach $112.00 in the next twelve months. This suggests a possible upside of 22.9% from the stock's current price.
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Lamar Advertising's stock was trading at $94.40 at the beginning of the year. Since then, LAMR stock has decreased by 3.5% and is now trading at $91.10.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our LAMR earnings forecast.

Lamar Advertising (NASDAQ:LAMR) posted its quarterly earnings results on Thursday, May, 4th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by $0.58. The real estate investment trust earned $471.33 million during the quarter, compared to analysts' expectations of $470.51 million. Lamar Advertising had a trailing twelve-month return on equity of 34.70% and a net margin of 20.59%. During the same period in the prior year, the business earned $1.50 EPS.

Lamar Advertising announced a quarterly dividend on Wednesday, May 10th. Stockholders of record on Monday, June 19th will be given a dividend of $1.25 per share on Friday, June 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend is Thursday, June 15th.
Read our dividend analysis for LAMR.

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

Lamar Advertising (NASDAQ:LAMR) pays an annual dividend of $5.00 per share and currently has a dividend yield of 5.49%. 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 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 120.48%. 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 63.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LAMR.

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 trades on the NASDAQ under the ticker symbol "LAMR."

Lamar Advertising's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.04%), FMR LLC (6.07%), Victory Capital Management Inc. (4.17%), State Street Corp (2.46%), Boston Partners (2.17%) and DAVENPORT & Co LLC (1.81%). Insiders that own company stock include Anna Reilly, Jay Lecoryelle Johnson, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LAMR stock can currently be purchased for approximately $91.10.

Lamar Advertising (NASDAQ:LAMR) has a market capitalization of $9.28 billion and generates $2.03 billion in revenue each year. The real estate investment trust earns $438.65 million in net income (profit) each year or $4.15 on an earnings per share basis.

The company employs 3,500 workers across the globe.

Lamar Advertising's mailing address is 5321 CORPORATE BOULEVARD, BATON ROUGE LA, 70808. The official website for the company is www.lamar.com. The real estate investment trust can be reached via phone at (888) 308-5060, via email at twall@lamar.com, or via fax at 225-926-1005.