Lamar Advertising Acquires Cleveland Outdoor Advertising Assets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 02 2026
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Should l Buy LAMR?
Source: Newsfilter
- Acquisition Deal: Lamar Advertising Company has acquired the assets of Cleveland Outdoor Advertising for cash, adding 31 high-profile bulletin faces and over 40 junior bulletin faces to its Cleveland portfolio, significantly expanding its market share and reinforcing its leadership position in the outdoor advertising industry.
- Industry Pioneer: Founded 47 years ago by Debra Abdalian-Thompson and Stephen Thompson as a junior poster plant, Cleveland Outdoor Advertising has grown to include numerous premium bulletin locations, and Lamar's acquisition will help carry forward its innovative spirit and market influence in the industry.
- Leadership Trust: Ross Reilly, president of Lamar's outdoor division, emphasized the honor of taking over COA's legacy, reflecting Lamar's strong reputation and influence in the industry, which is expected to attract more clients and partners.
- Industry Contribution: Abdalian-Thompson expressed gratitude for the industry and her long-standing admiration for Lamar, indicating that this acquisition is not just a transfer of assets but a commitment to the future development of the industry, potentially fostering further growth in the outdoor advertising market.
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Analyst Views on LAMR
Wall Street analysts forecast LAMR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LAMR is 139.50 USD with a low forecast of 128.00 USD and a high forecast of 145.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
2 Buy
2 Hold
0 Sell
Moderate Buy
Current: 133.230
Low
128.00
Averages
139.50
High
145.00
Current: 133.230
Low
128.00
Averages
139.50
High
145.00
About LAMR
Lamar Advertising Company is an outdoor advertising company, with over 363,000 displays across the United States and Canada. It offers advertisers a variety of billboards, interstate logo, transit and airport advertising formats. The Company offers its customers a network of digital billboards in the United States with approximately 5,100 displays. The Company operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays. Under Billboards, it rents most of its advertising space on two types of billboards: bulletins and posters. In addition to traditional billboards, it rents space on digital billboards, which are located on major traffic arteries and city streets. Under Logo signs, it rents advertising space on logo signs located near highway exits. Under Transit advertising displays, it rents advertising space on the exterior and interior of public transportation vehicles, in airport terminals, and on transit shelters and benches.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Lamar Advertising Acquires Cleveland Outdoor Advertising Assets
- Acquisition Deal: Lamar Advertising Company has acquired the assets of Cleveland Outdoor Advertising for cash, adding 31 high-profile bulletin faces and over 40 junior bulletin faces to its Cleveland portfolio, significantly expanding its market share and reinforcing its leadership position in the outdoor advertising industry.
- Industry Pioneer: Founded 47 years ago by Debra Abdalian-Thompson and Stephen Thompson as a junior poster plant, Cleveland Outdoor Advertising has grown to include numerous premium bulletin locations, and Lamar's acquisition will help carry forward its innovative spirit and market influence in the industry.
- Leadership Trust: Ross Reilly, president of Lamar's outdoor division, emphasized the honor of taking over COA's legacy, reflecting Lamar's strong reputation and influence in the industry, which is expected to attract more clients and partners.
- Industry Contribution: Abdalian-Thompson expressed gratitude for the industry and her long-standing admiration for Lamar, indicating that this acquisition is not just a transfer of assets but a commitment to the future development of the industry, potentially fostering further growth in the outdoor advertising market.
See More
Lamar Advertising Company Announces 2025 Distribution Tax Reporting Details
- Dividend Overview: Lamar Advertising Company paid a cash distribution of $1.55 per share to common stockholders in 2025, covering payment dates in March, June, and September, indicating the company's stable cash flow and commitment to shareholder returns.
- Tax Information: The 2025 distributions included a qualified taxable dividend of $0.2415 per share and an ordinary taxable dividend of $1.3085 per share, reflecting the company's transparency in tax compliance, which aids shareholders in tax planning.
- Annual Summary: As of December 31, 2025, Lamar's total annual distribution reached $1.80 per share, demonstrating strong performance and profitability in the advertising market, which further boosts investor confidence.
- Company Background: Founded in 1902, Lamar Advertising Company is one of the largest outdoor advertising firms in North America, with over 362,000 displays, continuously providing diverse advertising solutions to clients, thereby solidifying its market leadership.
See More
Lamar Advertising Appoints New Outdoor Division President, Oversees $1.5B Acquisitions
- Leadership Change: Lamar Advertising has appointed Ross Reilly as President of its Outdoor Division effective January 1, 2026, overseeing the billboard display business, which is expected to enhance the company's competitiveness in the outdoor advertising market.
- Acquisition Achievements: Since 2019, Reilly has successfully closed over $1.5 billion in out-of-home asset acquisitions as Vice President of Mergers and Acquisitions, strengthening the company's market share and asset portfolio.
- Strategic Development: Reilly has excelled in advancing programmatic sales strategies by building partnerships with leading third-party exchanges, enhancing the company's technical capabilities, which is anticipated to further drive revenue growth.
- Industry Experience: With extensive experience across various roles at Lamar, Reilly is expected to leverage his industry connections and insights into the changing media landscape to drive ongoing success in the Outdoor Division.
See More
Lamar Advertising Appoints Ross Reilly as President of Outdoor Division, Oversees $1.5 Billion Acquisitions
- Leadership Change: Lamar Advertising has appointed Ross Reilly as President of its Outdoor Division, effective January 1, 2026, where he will oversee the billboard display business, which is expected to drive business growth.
- Acquisition Achievements: Since 2019, Reilly has successfully closed over $1.5 billion in out-of-home asset acquisitions as Vice President of Mergers and Acquisitions, enhancing the company's market position and asset portfolio.
- Strategic Development: Reilly has excelled in advancing the programmatic sales strategy, enhancing the company's technical capabilities and market competitiveness through partnerships with leading third-party exchanges.
- Industry Experience: With extensive experience across various roles at Lamar, particularly in managing the Baton Rouge market, Reilly demonstrates a deep understanding of the changing media landscape, which is expected to bring new growth opportunities for the company.
See More
Lamar Advertising announces quarterly dividend of $1.55 and a special dividend of $0.25
Quarterly and Special Dividends: Lamar Advertising (LAMR) has declared a quarterly dividend of $1.55 per share and a special cash dividend of $0.25 per share, both payable on December 31 to shareholders of record as of December 22.
Earnings Performance: In its recent earnings report, Lamar Advertising reported a GAAP EPS of $1.40, which missed expectations by $0.16, while revenue of $585.5 million exceeded estimates by $1.5 million.
Future Projections: The company anticipates an AFFO per share of $8.10–$8.20 for 2025, with strong growth momentum expected in 2026, supported by $300 million in acquisitions.
Industry Presentation: Lamar Advertising recently presented at Wells Fargo's 9th Annual TMT Summit, highlighting its position as a high-quality billboard REIT with strong margins and growth potential.
See More
Lamar Advertising Declares $1.55 Quarterly and $0.25 Special Dividend per Share
- Quarterly Cash Dividend: Lamar Advertising's board has declared a quarterly cash dividend of $1.55 per share, reflecting the company's strong cash flow and profitability, which is expected to attract more investor interest and enhance shareholder returns.
- Special Cash Dividend: Additionally, the company will pay a special cash dividend of $0.25 per share, further boosting shareholder confidence and indicating the company's optimistic outlook on future financial health.
- Record Date for Shareholders: Both dividends will be payable on December 31, 2025, with a record date of December 22, 2025, ensuring shareholders receive timely benefits and enhancing the company's image in the capital markets.
- Market Position Strengthening: As one of the largest outdoor advertising companies in North America with over 362,000 displays, this dividend initiative will further solidify Lamar's market position and attract more long-term investors.
See More
Lamar Advertising Acquires Cleveland Outdoor Advertising Assets
- Acquisition Deal: Lamar Advertising Company has acquired the assets of Cleveland Outdoor Advertising for cash, adding 31 high-profile bulletin faces and over 40 junior bulletin faces to its Cleveland portfolio, significantly expanding its market share and reinforcing its leadership position in the outdoor advertising industry.
- Industry Pioneer: Founded 47 years ago by Debra Abdalian-Thompson and Stephen Thompson as a junior poster plant, Cleveland Outdoor Advertising has grown to include numerous premium bulletin locations, and Lamar's acquisition will help carry forward its innovative spirit and market influence in the industry.
- Leadership Trust: Ross Reilly, president of Lamar's outdoor division, emphasized the honor of taking over COA's legacy, reflecting Lamar's strong reputation and influence in the industry, which is expected to attract more clients and partners.
- Industry Contribution: Abdalian-Thompson expressed gratitude for the industry and her long-standing admiration for Lamar, indicating that this acquisition is not just a transfer of assets but a commitment to the future development of the industry, potentially fostering further growth in the outdoor advertising market.
See More
Lamar Advertising Company Announces 2025 Distribution Tax Reporting Details
- Dividend Overview: Lamar Advertising Company paid a cash distribution of $1.55 per share to common stockholders in 2025, covering payment dates in March, June, and September, indicating the company's stable cash flow and commitment to shareholder returns.
- Tax Information: The 2025 distributions included a qualified taxable dividend of $0.2415 per share and an ordinary taxable dividend of $1.3085 per share, reflecting the company's transparency in tax compliance, which aids shareholders in tax planning.
- Annual Summary: As of December 31, 2025, Lamar's total annual distribution reached $1.80 per share, demonstrating strong performance and profitability in the advertising market, which further boosts investor confidence.
- Company Background: Founded in 1902, Lamar Advertising Company is one of the largest outdoor advertising firms in North America, with over 362,000 displays, continuously providing diverse advertising solutions to clients, thereby solidifying its market leadership.
See More
Lamar Advertising Appoints New Outdoor Division President, Oversees $1.5B Acquisitions
- Leadership Change: Lamar Advertising has appointed Ross Reilly as President of its Outdoor Division effective January 1, 2026, overseeing the billboard display business, which is expected to enhance the company's competitiveness in the outdoor advertising market.
- Acquisition Achievements: Since 2019, Reilly has successfully closed over $1.5 billion in out-of-home asset acquisitions as Vice President of Mergers and Acquisitions, strengthening the company's market share and asset portfolio.
- Strategic Development: Reilly has excelled in advancing programmatic sales strategies by building partnerships with leading third-party exchanges, enhancing the company's technical capabilities, which is anticipated to further drive revenue growth.
- Industry Experience: With extensive experience across various roles at Lamar, Reilly is expected to leverage his industry connections and insights into the changing media landscape to drive ongoing success in the Outdoor Division.
See More
Lamar Advertising Appoints Ross Reilly as President of Outdoor Division, Oversees $1.5 Billion Acquisitions
- Leadership Change: Lamar Advertising has appointed Ross Reilly as President of its Outdoor Division, effective January 1, 2026, where he will oversee the billboard display business, which is expected to drive business growth.
- Acquisition Achievements: Since 2019, Reilly has successfully closed over $1.5 billion in out-of-home asset acquisitions as Vice President of Mergers and Acquisitions, enhancing the company's market position and asset portfolio.
- Strategic Development: Reilly has excelled in advancing the programmatic sales strategy, enhancing the company's technical capabilities and market competitiveness through partnerships with leading third-party exchanges.
- Industry Experience: With extensive experience across various roles at Lamar, particularly in managing the Baton Rouge market, Reilly demonstrates a deep understanding of the changing media landscape, which is expected to bring new growth opportunities for the company.
See More
Lamar Advertising announces quarterly dividend of $1.55 and a special dividend of $0.25
Quarterly and Special Dividends: Lamar Advertising (LAMR) has declared a quarterly dividend of $1.55 per share and a special cash dividend of $0.25 per share, both payable on December 31 to shareholders of record as of December 22.
Earnings Performance: In its recent earnings report, Lamar Advertising reported a GAAP EPS of $1.40, which missed expectations by $0.16, while revenue of $585.5 million exceeded estimates by $1.5 million.
Future Projections: The company anticipates an AFFO per share of $8.10–$8.20 for 2025, with strong growth momentum expected in 2026, supported by $300 million in acquisitions.
Industry Presentation: Lamar Advertising recently presented at Wells Fargo's 9th Annual TMT Summit, highlighting its position as a high-quality billboard REIT with strong margins and growth potential.
See More
Lamar Advertising Declares $1.55 Quarterly and $0.25 Special Dividend per Share
- Quarterly Cash Dividend: Lamar Advertising's board has declared a quarterly cash dividend of $1.55 per share, reflecting the company's strong cash flow and profitability, which is expected to attract more investor interest and enhance shareholder returns.
- Special Cash Dividend: Additionally, the company will pay a special cash dividend of $0.25 per share, further boosting shareholder confidence and indicating the company's optimistic outlook on future financial health.
- Record Date for Shareholders: Both dividends will be payable on December 31, 2025, with a record date of December 22, 2025, ensuring shareholders receive timely benefits and enhancing the company's image in the capital markets.
- Market Position Strengthening: As one of the largest outdoor advertising companies in North America with over 362,000 displays, this dividend initiative will further solidify Lamar's market position and attract more long-term investors.
See More
