Lamar Advertising: Slow And Steady Growth
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Seeking Profits5.12K FollowersFollow5ShareSavePlay(10min)CommentsSummaryLamar Advertising is rated a "Buy," with shares positioned for 10%-15% total return potential into 2026.Core business shows accelerating growth, supported by secular digitization tailwinds and resilient local advertising demand.LAMR's underleveraged balance sheet enables significant M&A capacity, while its 5% yield and special dividend underscore dividend security.Management reaffirmed AFFO guidance of $8.10-$8.20; 2024 growth of 4%-7% is expected, driven by M&A and improving national demand. Karl Spencer/iStock Editorial via Getty Images Shares of Lamar Advertising Company (LAMR) have been an underwhelming performer over the past year, losing just over 2% of their value. Higher-for-longer rates and a lost contract in Vancouver have weighed on shares. However, its core business has been showing signs of accelerationThis article was written bySeeking Profits5.12K FollowersFollowOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.