OUTFRONT Media Inc. (NYSE:OUT) Receives Consensus Rating of “Hold” from Brokerages

Shares of OUTFRONT Media Inc. (NYSE:OUT) have been assigned an average rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $18.23.

Several brokerages have commented on OUT. Wall Street Zen cut shares of OUTFRONT Media from a “hold” rating to a “sell” rating in a research report on Monday, May 12th. Wells Fargo & Company dropped their target price on shares of OUTFRONT Media from $22.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, May 9th. Barrington Research reiterated an “outperform” rating and set a $21.00 target price on shares of OUTFRONT Media in a research report on Wednesday, April 23rd. Morgan Stanley dropped their target price on shares of OUTFRONT Media from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Finally, Citigroup reiterated a “buy” rating and set a $19.00 target price (up previously from $17.00) on shares of OUTFRONT Media in a research report on Thursday, May 29th.

OUTFRONT Media Stock Performance

OUT stock opened at $17.15 on Monday. The company has a debt-to-equity ratio of 4.37, a current ratio of 0.61 and a quick ratio of 0.61. The company has a 50 day moving average price of $16.10 and a 200 day moving average price of $16.81. OUTFRONT Media has a fifty-two week low of $12.95 and a fifty-two week high of $19.98. The stock has a market capitalization of $2.87 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 1.04 and a beta of 1.87.

OUTFRONT Media (NYSE:OUT) last issued its earnings results on Thursday, May 8th. The financial services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $390.70 million for the quarter, compared to the consensus estimate of $396.17 million. OUTFRONT Media had a net margin of 14.60% and a return on equity of 42.24%. Analysts forecast that OUTFRONT Media will post 1.59 EPS for the current year.

OUTFRONT Media Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, June 6th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.00%. The ex-dividend date of this dividend was Friday, June 6th. OUTFRONT Media’s dividend payout ratio (DPR) is 78.95%.

Insider Activity

In other news, EVP Richard H. Sauer sold 29,891 shares of the business’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $15.79, for a total value of $471,978.89. Following the completion of the transaction, the executive vice president owned 90,945 shares of the company’s stock, valued at $1,436,021.55. The trade was a 24.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is owned by company insiders.

Hedge Funds Weigh In On OUTFRONT Media

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SVB Wealth LLC acquired a new position in OUTFRONT Media in the 1st quarter worth $28,000. Loomis Sayles & Co. L P acquired a new position in OUTFRONT Media in the 4th quarter worth $47,000. Sterling Capital Management LLC boosted its stake in OUTFRONT Media by 672.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 2,522 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in OUTFRONT Media by 158.2% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,331 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 2,041 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in OUTFRONT Media by 155.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 2,555 shares during the period.

About OUTFRONT Media

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.