Shares of Outfront Media Inc (NYSE:OUT) have been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $24.20.

OUT has been the topic of several recent research reports. Citigroup decreased their price target on shares of Outfront Media from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 17th. Morgan Stanley decreased their price target on shares of Outfront Media from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday, June 22nd. Imperial Capital initiated coverage on shares of Outfront Media in a research report on Thursday, September 13th. They issued an “inline” rating and a $22.00 price target on the stock. Wells Fargo & Co reiterated a “market perform” rating and issued a $27.00 price target (up from $25.00) on shares of Outfront Media in a research report on Thursday, August 9th. Finally, ValuEngine upgraded shares of Outfront Media from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 11th.

OUT traded down $0.19 during trading on Friday, hitting $19.98. The company’s stock had a trading volume of 1,180,952 shares, compared to its average volume of 794,218. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.98. Outfront Media has a one year low of $17.75 and a one year high of $25.30. The company has a market capitalization of $2.78 billion, a PE ratio of 9.99, a PEG ratio of 1.33 and a beta of 1.09.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 7th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, September 6th. This represents a $1.44 annualized dividend and a dividend yield of 7.21%. Outfront Media’s payout ratio is 72.00%.

Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its position in shares of Outfront Media by 58.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 815,002 shares of the financial services provider’s stock valued at $15,854,000 after purchasing an additional 302,143 shares during the period. Mackay Shields LLC raised its position in shares of Outfront Media by 72.7% during the 2nd quarter. Mackay Shields LLC now owns 154,444 shares of the financial services provider’s stock valued at $3,004,000 after purchasing an additional 65,027 shares during the period. ZWJ Investment Counsel Inc. raised its position in shares of Outfront Media by 1.8% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 1,402,157 shares of the financial services provider’s stock valued at $27,272,000 after purchasing an additional 24,395 shares during the period. LSV Asset Management raised its position in shares of Outfront Media by 6.5% during the 2nd quarter. LSV Asset Management now owns 436,638 shares of the financial services provider’s stock valued at $8,492,000 after purchasing an additional 26,600 shares during the period. Finally, Carillon Tower Advisers Inc. raised its position in shares of Outfront Media by 6.0% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 914,306 shares of the financial services provider’s stock valued at $17,783,000 after purchasing an additional 51,375 shares during the period. Hedge funds and other institutional investors own 98.07% of the company’s stock.

About Outfront Media

OUTFRONT Media connects brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its ON Smart Media platform, OUTFRONT Media is implementing digital technology that will fundamentally change the ways advertisers engage people on-the-go.

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