Latest news with #LamarAdvertising
Business Insider
3 days ago
- Business
- Business Insider
Lamar Advertising price target raised to $122 from $116 at Wells Fargo
Wells Fargo raised the firm's price target on Lamar Advertising (LAMR) to $122 from $116 and keeps an Equal Weight rating on the shares. While the firm's Q2 estimates are unchanged, Wells Fargo sees some downside to Q2 consensus EBITDA and sees risk to growth in 2H, the analyst tells investors. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Business Insider
3 days ago
- Business
- Business Insider
Lamar Advertising (LAMR) Gets a Hold from Wells Fargo
Wells Fargo analyst Daniel Osley maintained a Hold rating on Lamar Advertising on July 18 and set a price target of $122.00. The company's shares closed last Friday at $124.93. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Osley is ranked #5785 out of 9841 analysts. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lamar Advertising with a $134.00 average price target. Based on Lamar Advertising's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $505.43 million and a net profit of $138.76 million. In comparison, last year the company earned a revenue of $498.15 million and had a net profit of $78.22 million
Yahoo
7 days ago
- Business
- Yahoo
TD Cowen Reaffirms 'Buy' on Lamar Advertising (LAMR) with $145 Price Target
Lamar Advertising Company (NASDAQ:LAMR) is one of Goldman Sachs' top REIT stock picks. On July 8, TD Cowen reaffirmed its 'Buy' rating on Lamar stock. The firm maintained a price target of $145.00 on the shares, an 18% upside from the market price at the time of the report. TD Cowen's decision came shortly after Lamar closed the acquisition of Verde Outdoor. A business man holding a tablet, discussing the features of a Real Estate mobile-focused tech platform. Lamar's acquisition of Verde Outdoor was a cashless transaction. The deal added over 1,500 billboard faces, including 80 digital displays, to Lamar's portfolio across 10 states. The transaction was structured as the first-ever Umbrella Partnership Real Estate Investment Trust (UPREIT) transaction in the billboard industry. TD Cowen noted that this structure allows Lamar to issue partnership units on a tax-deferred basis. The firm also stated that the cashless nature of the transaction preserved Lamar's financial capacity for additional merger and acquisition activity in the second half of 2025. TD Cowen highlighted that the Verde acquisition reinforced its thesis that fiscal year 2025 would be a 'breakout year' for billboard acquisitions in the outdoor advertising sector. Lamar Advertising Company (NASDAQ:LAMR) is one of the largest outdoor advertising REITs in North America. The company boasts over 360,000 displays across the U.S. and Canada. Headquartered in Baton Rouge, Louisiana, the company generates revenue by leasing billboards, transit, and logo signage to a diverse mix of advertisers. While we acknowledge the potential of LAMR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Goldman Sachs Healthcare Stocks: Top 10 Stock Picks and 11 Best Green Energy Penny Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Globe and Mail
04-07-2025
- Business
- Globe and Mail
Lamar Advertising Stock Gains 18.4% in 3 Months: Will the Trend Last?
Lamar Advertising LAMR shares have risen 18.4% in the past three months compared with its industry 's growth of 10.1%. The company's impressive footprint of outdoor advertising assets across the United States and Canada positions it well to ride the growth curve. An unmatched logo signs business and a diversified tenant base across various sectors assure stable revenues. Moreover, efforts to expand the digital platform through acquisitions and technological advancements in the low-cost, out-of-home (OOH) advertising platform bode well for long-term growth. Analysts seem optimistic about this Zacks Rank #3 (Hold) company. The Zacks Consensus Estimate for its 2025 FFO per share has moved northward by 1.2% over the past two months to $8.29. Factors Behind LAMR Stock Price Rise: Will This Continue? Lamar is one of the largest owners and operators of outdoor advertising structures in the United States. It enjoys an impressive national footprint and holds a leading position as a provider of logo signs in the United States. It enjoys a diversified tenant base, comprising tenants from the services, health care, restaurants, retailers, automotive, insurance and gaming categories. Lamar also sources a significant part of its revenues from local businesses with a diversified base of tenants. This generally leads to less volatility in revenues. OOH advertising has been growing at a rapid pace and continues to increase its market share compared to other forms of media. In the upcoming years, higher technology investments are expected to provide further support to OOH advertising. Therefore, the company's expansion activities over the recent years bode well for long-term growth. In the first quarter of 2025, Lamar completed 10 acquisitions worth $22.1 million. With such expansion efforts, it is poised to ride the growth curve. Moreover, the company's increased focus on bolstering its digital capabilities augurs well for long-term growth. LAMR has added a large number of digital screens through acquisitions and internal conversions over the past several years. It offers customers the largest network of digital billboards in the United States, with around 5,100 displays as of the end of the first quarter of 2025. Solid dividend payouts remain the biggest attraction for REIT investors, and Lamar has been committed to the same. In the last five years, the company has raised its dividend eight times. Its five-year annualized dividend growth rate is 24.17%, which is encouraging. Such efforts raise investors' optimism about the stock. Moreover, the company's share repurchases also demonstrate its commitment to driving shareholder value. Lamar has repurchased common stock for an aggregate value of $150 million year to date. On May 15, 2025, the company's board of directors approved an additional amount of $150 million, bringing the total amount remaining to be repurchased to $250 million under the program. Such efforts raise investors' confidence and optimism in the stock. Key Risks for Lamar Advertising A slowdown in national ad spend and competition from other outdoor advertisers and other forms of media are major concerns for Lamar. The high debt burden acts as a deterrent for the company. Stocks to Consider Some better-ranked stocks from the broader REIT sector are VICI Properties VICI and W.P. Carey WPC, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for VICI Properties' 2025 FFO per share is pegged at $2.35, up 4% year over year. The Zacks Consensus Estimate for W.P. Carey's 2025 FFO per share stands at $4.88, up 3.8% year over year. Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lamar Advertising Company (LAMR): Free Stock Analysis Report W.P. Carey Inc. (WPC): Free Stock Analysis Report VICI Properties Inc. (VICI): Free Stock Analysis Report
Yahoo
20-05-2025
- Yahoo
Nonprofit billboard draws attention to Dallas cold case murder
The Brief Family members are hoping a new billboard near Downtown Dallas will lead to tips about the 2017 disappearance of Armani Morgan. Morgan's skeletal remains were found about six weeks after his disappearance in an area about a mile away from his home. The police have been unable to solve the 8-year-old cold case. Anyone with information should contact the police or submit a tip on DALLAS - A billboard just east of Downtown Dallas is drawing attention to a cold case murder. The North Texas nonprofit and the family of Armani Morgan are hoping it leads to answers. The backstory Eight years have passed since family members last saw 27-year-old Armani Morgan. The Dallas man suddenly disappeared on June 3, 2017. His skeletal remains were discovered in Oak Cliff six weeks later. "It's affected our family in the most devastating way because it's left a deep hole in our soul," said Robin Johnson, his aunt. No suspects were ever identified. What's new Morgan's family is now working with Aaron Benzick and Solve the Case. The nonprofit organization partners with Lamar Advertising to make expensive digital billboards free to hurting families. In Morgan's case, there is now a billboard visible to hundreds of thousands of eyes each day along Interstate 30 eastbound near Peak Street. It's exposure that his family would not be able to afford on their own. What they're saying Benzick said Solve the Case work to keep cold cases alive. "Solve the Case is an organization that's designed to help people just like Robin and her family. What we do is try to help promote so these cases will not be forgotten," he said. "It's only going to take that one witness to come forward and provide that big break in Armani's case, which is what we're hoping and praying for," Johnson said. She's hoping that someone who may have been reluctant to come forward initially will be more willing to now that time has passed. "Please come forward. Armani's mom deserves answers. Our family deserves answers. We want justice for Armani, which he rightfully deserves," she said. What you can do If you know something about Morgan's murder, contact the Dallas Police Department or submit a tip on The website also has more information about this murder mystery and other unsolved cases in North Texas. The Source FOX 4's Shaun Rabb gathered information for this story by interviewing Armani Morgan's aunt, Robin Johnson, and Aaron Benzick with Solve the Case.
