OUTFRONT Media (OUT) Receiving Somewhat Positive Press Coverage, Accern Reports
Headlines about OUTFRONT Media (NYSE:OUT) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. OUTFRONT Media earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.3061236210538 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of OUTFRONT Media (NYSE:OUT) traded down 0.76% during trading on Friday, reaching $22.10. The company’s stock had a trading volume of 959,422 shares. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 29.51 and a beta of 1.13. OUTFRONT Media has a one year low of $20.72 and a one year high of $27.89. The firm’s 50-day moving average price is $22.81 and its 200-day moving average price is $24.70.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date is Thursday, September 7th. OUTFRONT Media’s payout ratio is 189.48%.
Several equities analysts have weighed in on OUT shares. Zacks Investment Research lowered OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Loop Capital raised OUTFRONT Media from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Monday, June 5th. TheStreet lowered OUTFRONT Media from a “b-” rating to a “c” rating in a report on Friday, May 12th. ValuEngine lowered OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Finally, BidaskClub lowered OUTFRONT Media from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $30.33.
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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.
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