Lamar Advertising's (LAMR) Stock Gains 11.7% YTD: Here's Why

Shares of Lamar Advertising (LAMR) have risen 11.7% year to date against its industry's decline of 10.2%. The company currently carries a Zacks Ranks #2 (Buy). Earlier this month, this real estate investment trust (REIT), headquartered in Baton Rouge, LA, reported first- quarter 2024 adjusted funds from operations (AFFO) per share of $1.54, which beat the Zacks Consensus Estimate of$1.52. The figure also compared favorably with the prior-year quarter's tally of $1.41. Quarterly net revenues of$498.2 milli ...