OUTFRONT Media (NYSE:OUT) EVP Sells 5,000 Shares

OUTFRONT Media Inc. (NYSE:OUT) EVP Richard Sauer sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $31.13, for a total transaction of $155,650.00. Following the sale, the executive vice president directly owned 66,947 shares in the company, valued at $2,084,060.11. The trade was a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

OUTFRONT Media Trading Up 2.6%

Shares of OUT stock traded up $0.80 during trading hours on Tuesday, hitting $32.06. 1,462,386 shares of the company’s stock traded hands, compared to its average volume of 1,513,547. The stock’s 50 day simple moving average is $31.30 and its 200 day simple moving average is $27.62. The stock has a market cap of $5.64 billion, a PE ratio of 30.53, a price-to-earnings-growth ratio of 1.47 and a beta of 1.49. OUTFRONT Media Inc. has a 12 month low of $15.56 and a 12 month high of $34.96. 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 (NYSE:OUT) last issued its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.06. The company had revenue of $429.60 million for 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%. OUTFRONT Media’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 earnings per share. On average, sell-side analysts anticipate that OUTFRONT Media Inc. will post 2.12 EPS for the current year.

OUTFRONT Media Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, June 5th. OUTFRONT Media’s payout ratio is currently 114.29%.

Institutional Trading of OUTFRONT Media

Several hedge funds have recently modified their holdings of OUT. Vanguard Group Inc. lifted its position in shares of OUTFRONT Media by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 22,654,899 shares of the financial services provider’s stock valued at $545,983,000 after acquiring an additional 1,131,954 shares during the period. Cohen & Steers Inc. raised its holdings in shares of OUTFRONT Media by 2.2% during the fourth quarter. Cohen & Steers Inc. now owns 22,314,228 shares of the financial services provider’s stock valued at $537,779,000 after purchasing an additional 486,192 shares during the period. State Street Corp boosted its position in shares of OUTFRONT Media by 2.1% during the 4th quarter. State Street Corp now owns 5,483,013 shares of the financial services provider’s stock worth $132,141,000 after purchasing an additional 111,084 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of OUTFRONT Media by 9.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock worth $80,393,000 after purchasing an additional 448,993 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of OUTFRONT Media by 8.4% in the 4th quarter. Wellington Management Group LLP now owns 4,309,133 shares of the financial services provider’s stock valued at $103,850,000 after buying an additional 335,265 shares during the period.

Wall Street Analyst Weigh In

OUT has been the subject of several analyst reports. Wall Street Zen lowered shares of OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Research cut shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Barrington Research set a $38.00 target price on shares of OUTFRONT Media in a report on Tuesday, May 12th. Morgan Stanley set a $37.00 price target on shares of OUTFRONT Media in a research report on Friday, May 8th. Finally, TD Cowen reiterated a “buy” rating and set a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.