Lamar Advertising CoLAMR
About: Lamar Advertising Co is an outdoor advertising company organized as a real estate investment trust for U.S. federal income tax purposes. Lamar's core revenue-generating activity is leasing space for advertising on billboards, buses, shelters, benches, logo plates, and airport terminals through short-term agreements. The company is involved in this process from ad copy production to the placement and maintenance of physical advertisements. The vast majority of Lamar's revenue comes from renting ad space on its portfolio of static and digital roadside billboard displays in the U.S. The states of Pennsylvania and Texas house a proportion of these. The company's customers are restaurant, service, healthcare, and retail firms in terms of total revenue.
Employees: 3,550
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
49% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 57
7% more capital invested
Capital invested by funds: $10B [Q2] → $10.8B (+$743M) [Q3]
5% more funds holding
Funds holding: 543 [Q2] → 571 (+28) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 9 [Q2] → 9 (+0) [Q3]
2% less repeat investments, than reductions
Existing positions increased: 205 | Existing positions reduced: 210
3.48% less ownership
Funds ownership: 95.79% [Q2] → 92.31% (-3.48%) [Q3]
87% less call options, than puts
Call options by funds: $12.2M | Put options by funds: $91.9M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
TD Cowen Lance Vitanza 67% 1-year accuracy 16 / 24 met price target | 30%upside $160 | Buy Maintained | 11 Nov 2024 |
Wells Fargo Daniel Osley 0% 1-year accuracy 0 / 1 met price target | 1%upside $124 | Equal-Weight Maintained | 11 Nov 2024 |
Morgan Stanley Benjamin Swinburne 72% 1-year accuracy 13 / 18 met price target | 10%upside $135 | Equal-Weight Maintained | 11 Nov 2024 |
Financial journalist opinion
