David Abella’s Dividend and Income Fund told Barrons last week that Lamar is one of his five top picks. Here’s what he hold Barrons: “The digital era has made it difficult in some cases to get consumer eyeballs and on the road is a very captive audience.” The stock is […]
ThinkAdvisor notes the success of Specialty REITs, which own properties as diverse as farmland, document storage and outdoor ad space. Trepp Inc., an information provider for real estate and banking, notes that REITs in this category have posted a 31.44% total return year to date, and a 5.45% dividend yield, the […]
Allie McAlpin Communications Director at Lamar has a great post at Blue Bite titled Why Tech Companies Are Using OOH. She talks about recent tech company outdoor campaigns (e.g. Snapchat’s user generated content and Apple’s “shot on iphone 6” ads). McAlpin mentions that a recent Ad Research Foundation study found that […]
The Los Angeles Business Journal reported Friday the the California State Supreme Court chose not to review an appellate court ruling on The City of Los Angeles’ sign ordinance. Insider reported in March 2016 about the 2002 Los Angeles sign ordinance prohibiting new billboards from being approved outside of designated sign districts […]
The Wall Street Journal reports that the Internal Revenue Service has shut down an apparent gap in a tax law that otherwise could have allowed companies across industries to continue spinning off their property holdings into tax-advantaged real-estate investment trusts. The December law was written in response to a wave of […]
WTVA reports that Lamar has decided to withdraw a plan to move a billboard in Tupelo, MISS from a rooftop on North Gloster Street to a location adjacent to the same building. The company had planned to convert one of the sign faces to digital in connection with the relocation. […]
Lamar has announced the addition of three new digital billboards in New Jersey. New Digital Billboard on the New Jersey Turnpike This new digital billboard is located on the New Jersey Turnpike (I-95), just north of Exit 16E. It reaches commuters traveling to Northern New Jersey, as well as people […]
What’s next for Clear Channel Outdoor and Lamar? Insider has heard rumors that Lamar may be interested in Clear Channel’s Orlando/Ocala/Melbourne cluster. Makes sense for a couple reasons: Lamar bought Florida’s Beech Outdoor in April 2015 and the Clear Channel Florida assets would complement the Beech assets. Lamar has $890 […]
The Courier reports that the Waterloo, Iowa City Council has agreed to give Lamar a second chance to seek approval for a new digital billboard at San Marnon Drive and Sears Street in Waterloo. The City Council voted 4-1 in favor of the board on May 2 but a supermajority […]
Seeking Alpha analyst Josh Kaplan likes Lamar stock: “For the income investor looking for an attractive yield coupled with price appreciation, Lamar is worth a serious look.” Insider noticed three things: Lamar has the firepower for a big Clear Channel Outdoor acquisition. Lamar could add $890 million in senior […]
