Lamar Advertising (LAMR) Stock Forecast, Price & News

3 Wall Street 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 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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3 equities research analysts have issued 1-year price objectives for Lamar Advertising's shares. Their LAMR share price forecasts range from $100.00 to $116.00. On average, they predict the company's stock price to reach $108.67 in the next twelve months. This suggests a possible upside of 29.0% from the stock's current price.
View analysts price targets for LAMR or view top-rated stocks among Wall Street analysts.

Lamar Advertising's stock was trading at $94.40 at the beginning of the year. Since then, LAMR shares have decreased by 10.8% and is now trading at $84.24.
View the best growth stocks for 2023 here.

Lamar Advertising saw a increase in short interest in August. As of August 31st, there was short interest totaling 2,440,000 shares, an increase of 8.9% from the August 15th total of 2,240,000 shares. Based on an average trading volume of 414,800 shares, the short-interest ratio is presently 5.9 days.
View Lamar Advertising's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, November 3rd 2023.
View our LAMR earnings forecast.

Lamar Advertising (NASDAQ:LAMR) posted its quarterly earnings data on Thursday, August, 3rd. The real estate investment trust reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.10. The real estate investment trust earned $541.10 million during the quarter, compared to analysts' expectations of $535 million. Lamar Advertising had a trailing twelve-month return on equity of 34.91% and a net margin of 20.19%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.94 EPS.

Lamar Advertising announced a quarterly dividend on Tuesday, August 29th. Investors of record on Monday, September 18th will be paid a dividend of $1.25 per share on Friday, September 29th. This represents a $5.00 annualized dividend and a dividend yield of 5.94%. The ex-dividend date of this dividend is Friday, September 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), 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), iShares Core U.S. REIT ETF (USRT) and Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC).

Lamar Advertising (NASDAQ:LAMR) pays an annual dividend of $5.00 per share and currently has a dividend yield of 5.94%. 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 121.65%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for LAMR.

Lamar Advertising issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $4.72-$4.80 for the period, compared to the consensus EPS estimate of $5.15. The company issued revenue guidance of -.

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (7.87%), Victory Capital Management Inc. (4.23%), State Street Corp (2.40%), Boston Partners (2.18%), DAVENPORT & Co LLC (1.84%) and Geode Capital Management LLC (1.51%). 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 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 $84.24.

Lamar Advertising (NASDAQ:LAMR) has a market capitalization of $8.59 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 $4.11 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.