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

Shares of OUTFRONT Media Inc. (NYSE:OUT) have been assigned an average rating of “Hold” from the five brokerages that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $14.50.

A number of analysts have commented on OUT shares. StockNews.com upgraded shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. TheStreet upgraded OUTFRONT Media from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in OUTFRONT Media by 16.4% during the 3rd quarter. Vanguard Group Inc. now owns 25,900,724 shares of the financial services provider’s stock worth $393,432,000 after buying an additional 3,643,500 shares during the period. BlackRock Inc. increased its stake in OUTFRONT Media by 3.2% in the 1st quarter. BlackRock Inc. now owns 19,931,847 shares of the financial services provider’s stock valued at $566,663,000 after buying an additional 610,565 shares during the period. FMR LLC lifted its position in OUTFRONT Media by 50.8% in the 3rd quarter. FMR LLC now owns 6,300,057 shares of the financial services provider’s stock worth $63,631,000 after buying an additional 2,122,950 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of OUTFRONT Media by 0.5% during the 1st quarter. JPMorgan Chase & Co. now owns 5,922,858 shares of the financial services provider’s stock valued at $96,128,000 after buying an additional 28,388 shares during the period. Finally, State Street Corp grew its holdings in shares of OUTFRONT Media by 1.0% during the 2nd quarter. State Street Corp now owns 5,538,125 shares of the financial services provider’s stock valued at $87,059,000 after acquiring an additional 55,754 shares in the last quarter.

OUTFRONT Media Price Performance

Shares of OUT opened at $15.63 on Friday. OUTFRONT Media has a one year low of $8.18 and a one year high of $17.02. The stock’s fifty day moving average is $15.04 and its 200-day moving average is $13.07. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of -5.85, a price-to-earnings-growth ratio of 1.03 and a beta of 1.87.

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 1st were issued a $0.30 dividend. The ex-dividend date was Thursday, February 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.68%. OUTFRONT Media’s payout ratio is currently -44.94%.

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.