OUTFRONT Media (NYSE:OUT) Sets New 12-Month High – Here’s Why

OUTFRONT Media Inc. (NYSE:OUT)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $25.79 and last traded at $25.59, with a volume of 31065 shares trading hands. The stock had previously closed at $25.47.

Analyst Ratings Changes

OUT has been the subject of a number of research analyst reports. Citigroup reiterated a “buy” rating and issued a $23.00 price target (up from $20.00) on shares of OUTFRONT Media in a report on Wednesday, November 12th. Wells Fargo & Company reiterated an “overweight” rating and set a $27.00 target price (up previously from $23.00) on shares of OUTFRONT Media in a research note on Thursday, December 18th. New Street Research set a $24.00 target price on shares of OUTFRONT Media in a report on Tuesday, November 11th. TD Cowen upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. raised shares of OUTFRONT Media from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $19.00 to $25.00 in a research report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $24.57.

OUTFRONT Media Trading Up 0.8%

The firm’s 50-day simple moving average is $24.11 and its 200 day simple moving average is $20.58. The stock has a market cap of $4.29 billion, a P/E ratio of 37.72, a PEG ratio of 1.26 and a beta of 1.56. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 4.75.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.21). The business had revenue of $467.50 million for the quarter, compared to analyst estimates of $458.32 million. OUTFRONT Media had a net margin of 6.86% and a return on equity of 21.56%. OUTFRONT Media’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the business posted $0.19 earnings per share. As a group, equities research analysts anticipate that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, December 5th. OUTFRONT Media’s dividend payout ratio is currently 176.47%.

Insider Buying and Selling

In other news, Director Manuel A. Diaz sold 11,271 shares of the business’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $24.49, for a total value of $276,026.79. Following the sale, the director owned 47,515 shares of the company’s stock, valued at approximately $1,163,642.35. The trade was a 19.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.47% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Advisory Services Network LLC bought a new stake in OUTFRONT Media in the third quarter worth about $29,000. Private Trust Co. NA acquired a new position in shares of OUTFRONT Media in the 3rd quarter worth approximately $33,000. Farther Finance Advisors LLC grew its stake in shares of OUTFRONT Media by 157.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,431 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of OUTFRONT Media by 16.5% in the 3rd quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 582 shares in the last quarter. Finally, Rossby Financial LCC lifted its stake in OUTFRONT Media by 42.4% during the second quarter. Rossby Financial LCC now owns 6,953 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 2,071 shares during the last quarter.

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.