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 twelve months. 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 brokers have issued 1 year price objectives for Lamar Advertising's shares. Their LAMR share price targets range from $109.00 to $110.00. On average, they expect the company's share price to reach $109.50 in the next twelve months. This suggests that the stock has a possible downside of 4.8%.
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Lamar Advertising's stock was trading at $106.28 at the beginning of the year. Since then, LAMR stock has increased by 8.3% and is now trading at $115.08.
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Lamar Advertising saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 2,090,000 shares, a decrease of 11.1% from the March 15th total of 2,350,000 shares. Based on an average trading volume of 418,800 shares, the days-to-cover 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, August 1st 2024.
View our LAMR earnings forecast.

Lamar Advertising (NASDAQ:LAMR) issued its quarterly earnings data on Thursday, May, 2nd. The real estate investment trust reported $0.76 EPS for the quarter, missing the consensus estimate of $1.47 by $0.71. The real estate investment trust had revenue of $498.15 million for the quarter, compared to analyst estimates of $496.98 million. Lamar Advertising had a net margin of 23.29% and a trailing twelve-month return on equity of 41.86%. The company's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 EPS.

Lamar Advertising announced 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 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase 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 4.52%. 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 106.78%. 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 60.75% 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 SRH REIT Covered Call ETF (SRHR), First Trust Dorsey Wright Momentum & Dividend ETF (DDIV), Invesco Active U.S. Real Estate ETF (PSR), Inspire Faithward Mid Cap Momentum ETF (GLRY), USCF ESG Dividend Income Fund (UDI), TBG Dividend Focus ETF (TBG), Ballast Small/Mid Cap ETF (MGMT) and First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF).

Lamar Advertising issued an update on its FY 2024 earnings guidance on Friday, May, 3rd. The company provided EPS guidance of 4.950-5.010 for the period, compared to the consensus EPS estimate of 5.220. 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's stock is owned by a number of institutional and retail investors. Top institutional shareholders include DAVENPORT & Co LLC (1.73%), Miller Howard Investments Inc. NY (0.38%), Raymond James & Associates (0.35%), Principal Financial Group Inc. (0.32%), Daiwa Securities Group Inc. (0.28%) and New York State Teachers Retirement System (0.12%). 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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