Outfront Media Inc (NYSE:OUT) shares hit a new 52-week high on Monday . The company traded as high as $26.11 and last traded at $26.00, with a volume of 8694 shares changing hands. The stock had previously closed at $25.83.

OUT has been the subject of a number of research analyst reports. Barrington Research restated a “buy” rating and issued a $29.00 price target on shares of Outfront Media in a research report on Wednesday, May 29th. Zacks Investment Research upgraded Outfront Media from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Tuesday, April 30th. Oppenheimer initiated coverage on Outfront Media in a research report on Thursday, March 28th. They issued a “buy” rating and a $30.00 price target for the company. Imperial Capital upgraded Outfront Media from an “in-line” rating to an “outperform” rating and raised their price target for the company from $25.00 to $29.00 in a research report on Thursday, June 6th. Finally, CIBC initiated coverage on Outfront Media in a research report on Friday, March 29th. They issued an “outperform” rating and a $30.00 price target for the company. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.87.

The company has a debt-to-equity ratio of 3.07, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $3.69 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.10.

Outfront Media (NYSE:OUT) last posted its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.23). The company had revenue of $371.70 million for the quarter, compared to analyst estimates of $364.55 million. Outfront Media had a net margin of 6.40% and a return on equity of 9.36%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 EPS. Research analysts predict that Outfront Media Inc will post 2.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date is Thursday, June 6th. Outfront Media’s payout ratio is currently 66.98%.

In related news, CEO Jeremy J. Male sold 80,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $23.54, for a total transaction of $1,883,200.00. Following the sale, the chief executive officer now owns 392,703 shares of the company’s stock, valued at $9,244,228.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.71% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its stake in shares of Outfront Media by 0.7% during the fourth quarter. FMR LLC now owns 12,076,469 shares of the financial services provider’s stock valued at $218,825,000 after acquiring an additional 83,818 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of Outfront Media by 72.7% during the fourth quarter. Two Sigma Advisers LP now owns 590,856 shares of the financial services provider’s stock valued at $10,706,000 after acquiring an additional 248,630 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Outfront Media by 9.7% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 159,019 shares of the financial services provider’s stock valued at $2,881,000 after acquiring an additional 14,004 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in shares of Outfront Media by 118.5% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 57,900 shares of the financial services provider’s stock valued at $1,049,000 after acquiring an additional 31,400 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake in Outfront Media by 148.4% in the 4th quarter. Advisor Group Inc. now owns 3,214 shares of the financial services provider’s stock worth $59,000 after buying an additional 1,920 shares during the last quarter. 94.99% of the stock is currently owned by institutional investors and hedge funds.

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About Outfront Media (NYSE:OUT)

OUTFRONT leverages the power of technology, location and creativity to connect 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 is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.

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