OUTFRONT Media Inc. (NYSE:OUT) has been given a consensus recommendation of “Hold” by the ten research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $30.17.

A number of research firms have issued reports on OUT. BidaskClub cut OUTFRONT Media from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Loop Capital reiterated a “buy” rating and issued a $28.00 target price (up previously from $27.00) on shares of OUTFRONT Media in a research report on Thursday, September 28th. ValuEngine cut OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Wells Fargo & Company reiterated an “outperform” rating and issued a $30.00 target price on shares of OUTFRONT Media in a research report on Tuesday. Finally, Barrington Research reiterated an “outperform” rating and issued a $26.00 target price (down previously from $29.00) on shares of OUTFRONT Media in a research report on Monday, August 14th.

Shares of OUTFRONT Media (NYSE:OUT) traded down 1.63% during midday trading on Friday, hitting $24.20. 881,787 shares of the stock traded hands. The stock has a 50 day moving average of $22.43 and a 200 day moving average of $23.49. The company has a market capitalization of $3.35 billion, a P/E ratio of 32.31 and a beta of 1.19. OUTFRONT Media has a 1-year low of $20.82 and a 1-year high of $27.89.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date of this dividend was Thursday, September 7th. OUTFRONT Media’s payout ratio is 189.48%.

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Several hedge funds have recently made changes to their positions in OUT. BlackRock Inc. boosted its stake in shares of OUTFRONT Media by 6,693.0% during the first quarter. BlackRock Inc. now owns 7,335,438 shares of the financial services provider’s stock valued at $194,756,000 after purchasing an additional 7,227,453 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of OUTFRONT Media during the second quarter valued at about $100,424,000. Daiwa Securities Group Inc. boosted its stake in shares of OUTFRONT Media by 69.8% during the second quarter. Daiwa Securities Group Inc. now owns 3,864,333 shares of the financial services provider’s stock valued at $89,343,000 after purchasing an additional 1,589,096 shares in the last quarter. Deprince Race & Zollo Inc. boosted its stake in shares of OUTFRONT Media by 53.7% during the second quarter. Deprince Race & Zollo Inc. now owns 2,980,580 shares of the financial services provider’s stock valued at $68,911,000 after purchasing an additional 1,040,813 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of OUTFRONT Media by 7.3% during the second quarter. JPMorgan Chase & Co. now owns 14,230,026 shares of the financial services provider’s stock valued at $328,999,000 after purchasing an additional 973,398 shares in the last quarter.

OUTFRONT Media Company Profile

OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.

Analyst Recommendations for OUTFRONT Media (NYSE:OUT)

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