OUTFRONT Media (NYSE:OUT) Given “Outperform” Rating at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of OUTFRONT Media (NYSE:OUT) in a research report report published on Tuesday,Benzinga reports. Barrington Research currently has a $21.00 price objective on the financial services provider’s stock.

Other equities analysts have also issued reports about the company. Wall Street Zen upgraded OUTFRONT Media from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Citigroup restated a “buy” rating and set a $19.00 price target (up from $17.00) on shares of OUTFRONT Media in a research note on Thursday, May 29th. Morgan Stanley lifted their price objective on OUTFRONT Media from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of OUTFRONT Media in a report on Sunday, July 20th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

OUTFRONT Media Price Performance

Shares of NYSE:OUT opened at $18.81 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.60. OUTFRONT Media has a 1 year low of $12.95 and a 1 year high of $19.80. The business has a fifty day simple moving average of $18.34 and a 200 day simple moving average of $16.75. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 32.18, a P/E/G ratio of 1.10 and a beta of 1.87.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. OUTFRONT Media had a return on equity of 18.07% and a net margin of 5.99%.The business had revenue of $460.20 million during the quarter, compared to analyst estimates of $463.16 million. During the same period last year, the company earned $0.50 earnings per share. OUTFRONT Media’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, sell-side analysts predict that OUTFRONT Media will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, September 5th. This represents a $1.20 annualized dividend and a dividend yield of 6.4%. OUTFRONT Media’s payout ratio is presently 206.90%.

Insider Buying and Selling at OUTFRONT Media

In other OUTFRONT Media news, major shareholder Pep Viii Gp Llc sold 8,400,000 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $18.06, for a total transaction of $151,704,000.00. Following the completion of the sale, the insider owned 8,913,813 shares in the company, valued at approximately $160,983,462.78. The trade was a 48.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark Emilio Bonanni sold 4,126 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $19.38, for a total transaction of $79,961.88. Following the completion of the sale, the executive vice president owned 4,170 shares of the company’s stock, valued at approximately $80,814.60. This represents a 49.73% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On OUTFRONT Media

Large investors have recently added to or reduced their stakes in the company. SVB Wealth LLC bought a new position in OUTFRONT Media during the 1st quarter worth about $28,000. Caitong International Asset Management Co. Ltd increased its holdings in OUTFRONT Media by 158.2% during 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 in the last quarter. Rossby Financial LCC bought a new position in OUTFRONT Media during the 1st quarter worth about $74,000. IFP Advisors Inc increased its holdings in OUTFRONT Media by 97.6% during the 1st quarter. IFP Advisors Inc now owns 6,708 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 3,313 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in OUTFRONT Media by 113.7% during the 2nd quarter. GAMMA Investing LLC now owns 7,964 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 4,238 shares in the last quarter.

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.