OUTFRONT Media Inc. (NYSE:OUT) Given Average Rating of “Hold” by Brokerages

Shares of OUTFRONT Media Inc. (NYSE:OUT) have received an average recommendation of “Hold” from the five ratings firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $14.75.

A number of research analysts recently weighed in on OUT shares. TheStreet raised shares of OUTFRONT Media from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. StockNews.com upgraded OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, Barrington Research reiterated an “outperform” rating and set a $17.00 price target on shares of OUTFRONT Media in a research report on Friday, May 3rd.

OUTFRONT Media Stock Performance

NYSE:OUT opened at $15.12 on Wednesday. The company has a debt-to-equity ratio of 5.08, a quick ratio of 0.67 and a current ratio of 0.58. The stock has a market capitalization of $2.51 billion, a PE ratio of -5.68, a P/E/G ratio of 0.98 and a beta of 1.87. OUTFRONT Media has a fifty-two week low of $8.18 and a fifty-two week high of $17.02. The company has a fifty day moving average of $15.76 and a two-hundred day moving average of $13.87.

OUTFRONT Media Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a $0.30 dividend. The ex-dividend date is Friday, June 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.94%. OUTFRONT Media’s dividend payout ratio (DPR) is presently -45.11%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OUT. Raymond James & Associates increased its position in OUTFRONT Media by 94.6% during the third quarter. Raymond James & Associates now owns 30,024 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 14,593 shares during the last quarter. Bank of New York Mellon Corp grew its position in OUTFRONT Media by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 1,759,657 shares of the financial services provider’s stock worth $17,773,000 after acquiring an additional 7,893 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in OUTFRONT Media by 15.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,628 shares of the financial services provider’s stock worth $309,000 after acquiring an additional 4,154 shares during the last quarter. Mackenzie Financial Corp acquired a new position in shares of OUTFRONT Media in the 3rd quarter valued at $175,000. Finally, Strs Ohio grew its holdings in shares of OUTFRONT Media by 203.2% during the 3rd quarter. Strs Ohio now owns 596,258 shares of the financial services provider’s stock worth $6,022,000 after purchasing an additional 399,600 shares during the period.

About OUTFRONT Media

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 technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.