Is Lamar Advertising Company (LAMR) One of Goldman Sachs’ Top REIT Stock Picks?

Lamar Advertising Company (NASDAQ:LAMR) is one of Goldman Sachs’ apical REIT banal picks. On February 2, Lamar Advertising Company (NASDAQ:LAMR) affirmed the acquisition of Cleveland Outdoor Advertising assets for cash. With the acquisition, the institution adds 31 high-profile bulletin faces and 40 inferior bulletin faces to its Cleveland portfolio.

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Founded 47 years agone by Debra Abdalian-Thompson and Stephen Thompson, Cleveland Outdoor Advertising has grown to see galore premium locations successful the Cleveland area. The acquisitions are poised to fortify the company’s competitory vantage successful the outdoor advertizing industry.

“We are profoundly grateful to everyone who believed successful us, worked alongside us, and contributed to our success,” said Abdalian-Thompson. “I person agelong admired Lamar and the Reilly family, and I can’t deliberation of a amended institution to transportation COA’s bequest forward.”

Earlier, connected December 18, Morgan Stanley raised its terms people connected Lamar Advertising to $140 from $135 and maintained an Equal Weight rating, arsenic portion of the firm’s U.S. advertizing year-ahead outlook.

Lamar Advertising Company (NASDAQ:LAMR) operates arsenic a Real Estate Investment Trust (REIT) specializing successful out-of-home (OOH) advertising/ It leases onshore from implicit 60,000 partners to spot billboards, maintains a monolithic web of integer displays, and handles tract acquisition, zoning, and permitting for advertizing structures.

While we admit the imaginable of LAMR arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.