OUTFRONT Media Inc. (NYSE:OUT) Receives $30.71 Average PT from Brokerages

Shares of OUTFRONT Media Inc. (NYSE:OUT) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $30.7143.

Several equities research analysts have recently weighed in on the company. Morgan Stanley set a $37.00 price objective on OUTFRONT Media in a report on Friday, May 8th. Wells Fargo & Company increased their price objective on OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Wall Street Zen downgraded OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Barrington Research set a $38.00 price objective on OUTFRONT Media in a report on Tuesday, May 12th. Finally, Zacks Research downgraded OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd.

OUTFRONT Media Price Performance

OUT stock opened at $33.17 on Monday. The company has a market capitalization of $5.84 billion, a P/E ratio of 31.59, a PEG ratio of 1.49 and a beta of 1.49. OUTFRONT Media has a twelve month low of $16.05 and a twelve month high of $34.96. The business has a 50 day simple moving average of $31.54 and a 200-day simple moving average of $27.84. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.90.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.06. The business had revenue of $429.60 million during the quarter, compared to the consensus estimate of $431.44 million. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The company’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 earnings per share. As a group, equities analysts anticipate that OUTFRONT Media will post 2.12 EPS for the current year.

OUTFRONT Media Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.20 annualized dividend and a dividend yield of 3.6%. OUTFRONT Media’s dividend payout ratio (DPR) is currently 114.29%.

Insider Buying and Selling

In related news, EVP James Michael Norton purchased 4,130 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost 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 in the company, valued at $127,245.30. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Matthew Siegel sold 50,000 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $25.79, for a total value of $1,289,500.00. Following the sale, the executive vice president directly owned 289,925 shares of the company’s stock, valued at approximately $7,477,165.75. This represents a 14.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 70,000 shares of company stock valued at $1,919,100 over the last three months. 0.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OUTFRONT Media

Several hedge funds have recently modified their holdings of OUT. AQR Capital Management LLC raised its position in OUTFRONT Media by 9.3% in the first quarter. AQR Capital Management LLC now owns 130,411 shares of the financial services provider’s stock worth $2,105,000 after acquiring an additional 11,073 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in OUTFRONT Media by 2.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,971 shares of the financial services provider’s stock worth $1,388,000 after acquiring an additional 1,739 shares in the last quarter. Goldman Sachs Group Inc. raised its position in OUTFRONT Media by 9.9% in the first quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock worth $80,393,000 after acquiring an additional 448,993 shares in the last quarter. Empowered Funds LLC raised its position in OUTFRONT Media by 12.4% in the first quarter. Empowered Funds LLC now owns 21,399 shares of the financial services provider’s stock worth $345,000 after acquiring an additional 2,357 shares in the last quarter. Finally, Woodline Partners LP raised its position in OUTFRONT Media by 45.6% in the first quarter. Woodline Partners LP now owns 36,888 shares of the financial services provider’s stock worth $595,000 after acquiring an additional 11,559 shares in the last quarter.

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.