OUTFRONT Media (NYSE:OUT) EVP Matthew Siegel Sells 50,000 Shares

OUTFRONT Media Inc. (NYSE:OUT) EVP Matthew Siegel sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $25.79, for a total transaction of $1,289,500.00. Following the completion of the sale, the executive vice president owned 289,925 shares in the company, valued at $7,477,165.75. The trade was a 14.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OUTFRONT Media Stock Performance

OUT opened at $27.14 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.63. The business’s 50 day moving average is $26.51 and its 200-day moving average is $23.05. The stock has a market cap of $4.78 billion, a PE ratio of 33.92, a price-to-earnings-growth ratio of 1.30 and a beta of 1.51. OUTFRONT Media Inc. has a twelve month low of $12.95 and a twelve month high of $29.27.

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

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.20 annualized dividend and a dividend yield of 4.4%. OUTFRONT Media’s dividend payout ratio is presently 150.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OUT. Advisory Services Network LLC bought a new stake in OUTFRONT Media in the third quarter worth about $29,000. Private Trust Co. NA bought a new position in shares of OUTFRONT Media during the 3rd quarter valued at about $33,000. Farther Finance Advisors LLC boosted its position in shares of OUTFRONT Media by 157.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,431 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of OUTFRONT Media in the 4th quarter worth approximately $71,000. Finally, IFP Advisors Inc grew its stake in shares of OUTFRONT Media by 16.5% in the 3rd quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 582 shares during the last quarter.

Analyst Upgrades and Downgrades

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