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 twelve months. 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.
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3 analysts have issued 1 year price targets for Lamar Advertising's shares. Their LAMR share price forecasts range from $108.00 to $131.00. On average, they expect the company's stock price to reach $116.33 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price.
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Lamar Advertising's stock was trading at $94.40 at the start of the year. Since then, LAMR stock has increased by 14.4% and is now trading at $108.00.
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Lamar Advertising saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,860,000 shares, an increase of 11.3% from the December 31st total of 2,570,000 shares. Based on an average daily trading volume, of 551,300 shares, the days-to-cover ratio is currently 5.2 days. Currently, 3.3% of the shares of the company are sold short.
View Lamar Advertising's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
View our LAMR earnings forecast.

Lamar Advertising will be holding an earnings conference call on Friday, February 24th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 785-424-1634.

Lamar Advertising (NASDAQ:LAMR) announced its quarterly earnings results on Wednesday, August, 3rd. The real estate investment trust reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.05. Lamar Advertising had a trailing twelve-month return on equity of 40.03% and a net margin of 24.90%. During the same quarter in the previous year, the company earned $1.75 earnings per share.

Lamar Advertising announced a quarterly dividend on Thursday, December 8th. Stockholders of record on Monday, December 19th will be given a dividend of $1.20 per share on Friday, December 30th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Friday, December 16th.
Read our dividend analysis for LAMR.

Lamar Advertising (NASDAQ:LAMR) pays an annual dividend of $4.80 per share and currently has a dividend yield of 4.38%. 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 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 98.36%. 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 64.34% 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 retail and institutional investors. Top institutional investors include DAVENPORT & Co LLC (1.81%), Hamlin Capital Management LLC (1.35%), Miller Howard Investments Inc. NY (0.40%), Boston Trust Walden Corp (0.36%), Ceredex Value Advisors LLC (0.20%) and Wedge Capital Management L L P NC (0.16%). Insiders that own company stock include Anna Reilly, Jay Lecoryelle Johnson, John E Koerner III, 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 $108.00.

Lamar Advertising (NASDAQ:LAMR) has a market capitalization of $10.98 billion and generates $1.79 billion in revenue each year. The real estate investment trust earns $388.09 million in net income (profit) each year or $4.88 on an earnings per share basis.

The company employs 3,350 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.