We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's Why It Is Wise to Hold Lamar Advertising (LAMR) Stock Now
Read MoreHide Full Article
Lamar Advertising Company (LAMR - Free Report) enjoys an impressive national footprint and holds a leading position as a provider of logo signs in the United States. Further, a diversified tenant base across various sectors bodes well for the company. However, stiff competition along with a high level of debt is a concern.
Lamar holds significant market share in the U.S. outdoor advertising business. The company offers its customers the largest network of digital billboards in the United States with more than 3,600 displays. It recently upgraded its 18 digital displays with LED digital displays from Daktronics (DAKT - Free Report) . Lamar Advertising’s magnified focus on bolstering its digital capabilities augurs well for the company’s long-term growth.
The REIT operates in an industry that is characterized by high barriers to entry due to the permitting restrictions. This is because the company owns permits, which allow out-of-home advertising at each location, and these permits are the most prized assets gained in an acquisition.
However, with control on permits, inventory as well as intrusion from both local and national markets is restricted, providing the company with a solid competitive edge.
In the first half of the ongoing year, Lamar completed acquisitions for a total cash purchase price of $27.2 million. Though there was only modest investment activity in the second quarter, management has seen acceleration in the acquisition pipeline since May and anticipates that 2021 will be an active year on the acquisition front.
Shares of this Zacks Rank #3 (Hold) company have appreciated 27% in the past six months, outperforming the industry’s rally of 10.2%.
Image Source: Zacks Investment Research
While the company enjoys a significant market share in a number of its small- and medium-sized markets, stiff competition from other outdoor advertisers and other forms of media is a challenge for Lamar. The diversified competitors have an advantage of cross-selling complementary advertising products to advertisers. So, despite a significant portion of the company’s revenues coming in from local businesses, competition from national players might hinder its growth momentum.
The Zacks Consensus Estimate for CorePoint Lodging Inc.’s 2021 FFO per share has moved significantly upward to 99 cents over the past two months. The company currently sports a Zacks Rank of 1.
Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's Why It Is Wise to Hold Lamar Advertising (LAMR) Stock Now
Lamar Advertising Company (LAMR - Free Report) enjoys an impressive national footprint and holds a leading position as a provider of logo signs in the United States. Further, a diversified tenant base across various sectors bodes well for the company. However, stiff competition along with a high level of debt is a concern.
Lamar holds significant market share in the U.S. outdoor advertising business. The company offers its customers the largest network of digital billboards in the United States with more than 3,600 displays. It recently upgraded its 18 digital displays with LED digital displays from Daktronics (DAKT - Free Report) . Lamar Advertising’s magnified focus on bolstering its digital capabilities augurs well for the company’s long-term growth.
The REIT operates in an industry that is characterized by high barriers to entry due to the permitting restrictions. This is because the company owns permits, which allow out-of-home advertising at each location, and these permits are the most prized assets gained in an acquisition.
However, with control on permits, inventory as well as intrusion from both local and national markets is restricted, providing the company with a solid competitive edge.
In the first half of the ongoing year, Lamar completed acquisitions for a total cash purchase price of $27.2 million. Though there was only modest investment activity in the second quarter, management has seen acceleration in the acquisition pipeline since May and anticipates that 2021 will be an active year on the acquisition front.
Shares of this Zacks Rank #3 (Hold) company have appreciated 27% in the past six months, outperforming the industry’s rally of 10.2%.
Image Source: Zacks Investment Research
While the company enjoys a significant market share in a number of its small- and medium-sized markets, stiff competition from other outdoor advertisers and other forms of media is a challenge for Lamar. The diversified competitors have an advantage of cross-selling complementary advertising products to advertisers. So, despite a significant portion of the company’s revenues coming in from local businesses, competition from national players might hinder its growth momentum.
Key Picks
The Zacks Consensus Estimate for OUTFRONT Media’s (OUT - Free Report) ongoing-year FFO per share has moved up 8% over the past two months. The company flaunts a Zacks Rank of 1 (Strong Buy), currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CorePoint Lodging Inc.’s 2021 FFO per share has moved significantly upward to 99 cents over the past two months. The company currently sports a Zacks Rank of 1.
Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs.