OUTFRONT Media (NYSE:OUT) Receives Outperform Rating from Barrington Research

Barrington Research reaffirmed their outperform rating on shares of OUTFRONT Media (NYSE:OUT) in a report published on Friday morning, Benzinga reports. They currently have a $17.00 price target on the financial services provider’s stock.

OUT has been the topic of several other reports. TheStreet raised OUTFRONT Media from a d+ rating to a c- rating in a research report on Tuesday, March 5th. StockNews.com upgraded OUTFRONT Media from a sell rating to a hold rating in a research report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $14.75.

OUTFRONT Media Stock Performance

Shares of NYSE OUT opened at $14.97 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.58 and a debt-to-equity ratio of 5.08. The business’s 50 day moving average is $15.76 and its two-hundred day moving average is $13.82. The company has a market cap of $2.48 billion, a P/E ratio of -5.63, a P/E/G ratio of 0.98 and a beta of 1.87. OUTFRONT Media has a 12 month low of $8.18 and a 12 month high of $17.02.

OUTFRONT Media Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 8.02%. The ex-dividend date is Friday, June 7th. OUTFRONT Media’s dividend payout ratio (DPR) is presently -45.11%.

Hedge Funds Weigh In On OUTFRONT Media

Several large investors have recently made changes to their positions in OUT. FMR LLC lifted its stake in shares of OUTFRONT Media by 50.8% during the third quarter. FMR LLC now owns 6,300,057 shares of the financial services provider’s stock valued at $63,631,000 after acquiring an additional 2,122,950 shares during the period. Invesco Ltd. lifted its stake in OUTFRONT Media by 39.5% in the third quarter. Invesco Ltd. now owns 4,543,787 shares of the financial services provider’s stock valued at $45,892,000 after buying an additional 1,285,752 shares during the period. Lasalle Investment Management Securities LLC lifted its stake in OUTFRONT Media by 80.9% in the third quarter. Lasalle Investment Management Securities LLC now owns 2,849,449 shares of the financial services provider’s stock valued at $28,779,000 after buying an additional 1,273,878 shares during the period. Rush Island Management LP acquired a new position in OUTFRONT Media in the third quarter valued at about $12,117,000. Finally, DAVENPORT & Co LLC lifted its stake in OUTFRONT Media by 145.8% in the first quarter. DAVENPORT & Co LLC now owns 1,720,884 shares of the financial services provider’s stock valued at $28,825,000 after buying an additional 1,020,719 shares during the period.

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.