Insider Buying: OUTFRONT Media (NYSE:OUT) EVP Acquires $127,245.30 in Stock

OUTFRONT Media Inc. (NYSE:OUT) EVP James Michael Norton bought 4,130 shares of OUTFRONT Media stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average price of $30.81 per share, with a total value of $127,245.30. Following the completion of the acquisition, the executive vice president directly owned 4,130 shares of the company’s stock, valued at $127,245.30. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

OUTFRONT Media Trading Up 2.4%

OUTFRONT Media stock opened at $31.34 on Friday. The company has a 50 day moving average price of $30.88 and a 200 day moving average price of $27.25. OUTFRONT Media Inc. has a 52 week low of $15.45 and a 52 week high of $34.96. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 29.84, a P/E/G ratio of 1.48 and a beta of 1.49.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The firm had revenue of $429.60 million during the quarter, compared to analyst estimates of $431.44 million. During the same quarter last year, the business posted $0.14 EPS. The company’s revenue was up 10.0% on a year-over-year basis. Research analysts forecast that OUTFRONT Media Inc. will post 2.12 EPS for the current year.

OUTFRONT Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.20 dividend on an annualized basis and a yield of 3.8%. OUTFRONT Media’s dividend payout ratio (DPR) is currently 114.29%.

Analyst Upgrades and Downgrades

OUT has been the subject of a number of recent analyst reports. Barrington Research set a $38.00 price objective on shares of OUTFRONT Media in a research note on Tuesday, May 12th. TD Cowen reaffirmed a “buy” rating and issued a $38.00 price objective (up from $32.00) on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Zacks Research lowered shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Morgan Stanley set a $37.00 price objective on shares of OUTFRONT Media in a research note on Friday, May 8th. Finally, Wall Street Zen raised shares of OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.71.

Institutional Investors Weigh In On OUTFRONT Media

Institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in shares of OUTFRONT Media during the 3rd quarter valued at $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of OUTFRONT Media by 74.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,610 shares of the financial services provider’s stock valued at $43,000 after buying an additional 686 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of OUTFRONT Media by 157.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,431 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of OUTFRONT Media during the 4th quarter valued at $71,000. Finally, IFP Advisors Inc boosted its stake in shares of OUTFRONT Media by 16.5% during the 3rd quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after buying an additional 582 shares during the period.

About OUTFRONT Media

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.