OUTFRONT Media (NYSE:OUT) Director Manuel Diaz Sells 11,271 Shares of Stock

OUTFRONT Media Inc. (NYSE:OUT) Director Manuel Diaz sold 11,271 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $26.93, for a total transaction of $303,528.03. Following the transaction, the director directly owned 36,244 shares of the company’s stock, valued at approximately $976,050.92. This trade represents a 23.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

OUTFRONT Media Stock Up 4.2%

OUTFRONT Media stock opened at $27.41 on Tuesday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.92 and a current ratio of 0.92. OUTFRONT Media Inc. has a one year low of $12.95 and a one year high of $29.27. The company has a 50-day simple moving average of $26.22 and a 200-day simple moving average of $22.67. The firm has a market capitalization of $4.82 billion, a P/E ratio of 34.26, a P/E/G ratio of 1.29 and a beta of 1.51.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.16). OUTFRONT Media had a net margin of 8.03% and a return on equity of 24.86%. The firm had revenue of $513.30 million during the quarter, compared to the consensus estimate of $511.61 million. As a group, equities analysts expect that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, March 6th. This represents a $1.20 annualized dividend and a dividend yield of 4.4%. OUTFRONT Media’s payout ratio is currently 150.00%.

Institutional Investors Weigh In On OUTFRONT Media

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OUT. Advisory Services Network LLC acquired a new stake in OUTFRONT Media in the third quarter worth approximately $29,000. Private Trust Co. NA bought a new stake in shares of OUTFRONT Media in the 3rd quarter worth $33,000. Farther Finance Advisors LLC raised 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 buying an additional 1,431 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of OUTFRONT Media in the fourth quarter valued at $71,000. Finally, IFP Advisors Inc lifted its holdings in shares of OUTFRONT Media by 16.5% in the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after buying an additional 582 shares during the period.

Wall Street Analyst Weigh In

Several analysts recently commented on OUT shares. Wells Fargo & Company raised their target price on OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Zacks Research cut OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Barrington Research raised their price target on OUTFRONT Media from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. TD Cowen lifted their price objective on shares of OUTFRONT Media from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, Morgan Stanley raised shares of OUTFRONT Media from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $20.00 to $28.00 in a report on Tuesday, December 16th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, OUTFRONT Media currently has a consensus rating of “Moderate Buy” and an average target price of $27.86.

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.