OUTFRONT Media (NYSE:OUT) EVP Richard Sauer Sells 5,000 Shares of Stock

OUTFRONT Media Inc. (NYSE:OUT) EVP Richard Sauer sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $31.36, for a total transaction of $156,800.00. Following the transaction, the executive vice president owned 76,947 shares of the company’s stock, valued at $2,413,057.92. This trade represents a 6.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OUTFRONT Media Trading Down 0.2%

NYSE OUT opened at $31.17 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 3.90. OUTFRONT Media Inc. has a 52 week low of $15.45 and a 52 week high of $34.96. The stock has a market capitalization of $5.49 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.48 and a beta of 1.49. The firm has a 50 day moving average of $31.13 and a two-hundred day moving average of $27.45.

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

OUTFRONT Media Dividend Announcement

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

Institutional Investors Weigh In On OUTFRONT Media

Several large investors have recently modified their holdings of OUT. GRS Advisors LLC boosted its stake in OUTFRONT Media by 12.8% during the 3rd quarter. GRS Advisors LLC now owns 2,468,232 shares of the financial services provider’s stock worth $45,218,000 after purchasing an additional 279,326 shares during the period. Barnett & Company Inc. acquired a new stake in OUTFRONT Media during the 3rd quarter worth $1,519,000. Burney Co. acquired a new stake in shares of OUTFRONT Media during the fourth quarter worth about $735,000. Polar Asset Management Partners Inc. acquired a new stake in shares of OUTFRONT Media during the third quarter worth about $5,622,000. Finally, Public Sector Pension Investment Board boosted its stake in shares of OUTFRONT Media by 20.0% during the third quarter. Public Sector Pension Investment Board now owns 567,459 shares of the financial services provider’s stock worth $10,396,000 after buying an additional 94,672 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. TD Cowen reaffirmed a “buy” rating and issued a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. Barrington Research set a $38.00 target price on shares of OUTFRONT Media in a report on Tuesday, May 12th. Wall Street Zen upgraded shares of OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Morgan Stanley set a $37.00 target price on shares of OUTFRONT Media in a report on Friday, May 8th. Finally, Wells Fargo & Company upped their price objective on shares of OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.71.

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.