OUTFRONT Media Inc. (NYSE:OUT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of OUTFRONT Media Inc. (NYSE:OUT) have been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $34.00.

OUT has been the subject of several research reports. Morgan Stanley set a $37.00 target price on shares of OUTFRONT Media in a report on Friday, May 8th. Wall Street Zen cut OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 26th. TD Cowen restated a “buy” rating and set a $40.00 price target (up from $38.00) on shares of OUTFRONT Media in a research note on Thursday. Barrington Research set a $38.00 price target on OUTFRONT Media in a research report on Tuesday, May 12th. Finally, Wells Fargo & Company lifted their price objective on OUTFRONT Media from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th.

Insiders Place Their Bets

In related news, EVP Richard H. Sauer sold 5,000 shares of OUTFRONT Media stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $32.08, for a total value of $160,400.00. Following the completion of the transaction, the executive vice president directly owned 56,947 shares in the company, valued at approximately $1,826,859.76. This trade represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP James Michael Norton acquired 4,130 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of $30.81 per share, with a total value of $127,245.30. Following the purchase, the executive vice president directly owned 4,130 shares in the company, valued at approximately $127,245.30. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 20,000 shares of company stock worth $629,600 in the last ninety days. Corporate insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On OUTFRONT Media

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OUT. AQR Capital Management LLC boosted its stake in OUTFRONT Media by 9.3% during the 1st quarter. AQR Capital Management LLC now owns 130,411 shares of the financial services provider’s stock worth $2,105,000 after purchasing an additional 11,073 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in OUTFRONT Media by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,971 shares of the financial services provider’s stock worth $1,388,000 after purchasing an additional 1,739 shares during the last quarter. Goldman Sachs Group Inc. increased its stake 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 valued at $80,393,000 after purchasing an additional 448,993 shares during the period. Empowered Funds LLC increased its stake 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 valued at $345,000 after purchasing an additional 2,357 shares during the period. Finally, Woodline Partners LP raised its holdings in shares of OUTFRONT Media by 45.6% in the first quarter. Woodline Partners LP now owns 36,888 shares of the financial services provider’s stock valued at $595,000 after buying an additional 11,559 shares during the last quarter.

OUTFRONT Media Stock Performance

Shares of OUTFRONT Media stock opened at $30.00 on Tuesday. OUTFRONT Media has a 52 week low of $16.64 and a 52 week high of $34.96. The business’s fifty day simple moving average is $32.02 and its 200-day simple moving average is $29.68. The firm has a market cap of $5.28 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 1.48 and a beta of 1.49. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 3.50.

OUTFRONT Media Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Friday, September 4th. This is an increase from OUTFRONT Media’s previous quarterly dividend of $0.30. OUTFRONT Media’s payout ratio is currently 86.33%.

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.