OUTFRONT Media Inc. (NYSE:OUT) Given Consensus Rating of “Hold” by Analysts

OUTFRONT Media Inc. (NYSE:OUT) has been assigned an average rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $17.97.

OUT has been the subject of several recent analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $21.00 price objective on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. Wells Fargo & Company dropped their price objective on OUTFRONT Media from $22.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, May 9th. StockNews.com cut OUTFRONT Media from a “hold” rating to a “sell” rating in a report on Monday, May 12th. Finally, Morgan Stanley dropped their price objective on OUTFRONT Media from $18.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, May 1st.

Institutional Investors Weigh In On OUTFRONT Media

A number of hedge funds have recently made changes to their positions in the stock. Woodline Partners LP lifted its stake in shares of OUTFRONT Media by 45.6% during the 1st quarter. Woodline Partners LP now owns 36,888 shares of the financial services provider’s stock worth $595,000 after purchasing an additional 11,559 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of OUTFRONT Media by 12.4% during the 1st quarter. Empowered Funds LLC now owns 21,399 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 2,357 shares during the last quarter. Goldman Sachs Group Inc. increased its position in OUTFRONT Media by 9.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock valued at $80,393,000 after buying an additional 448,993 shares in the last quarter. Uniplan Investment Counsel Inc. increased its position in OUTFRONT Media by 93.4% during the 1st quarter. Uniplan Investment Counsel Inc. now owns 430,812 shares of the financial services provider’s stock valued at $6,953,000 after buying an additional 208,099 shares in the last quarter. Finally, Select Equity Group L.P. increased its position in OUTFRONT Media by 574.2% during the 1st quarter. Select Equity Group L.P. now owns 486,506 shares of the financial services provider’s stock valued at $7,852,000 after buying an additional 414,345 shares in the last quarter.

OUTFRONT Media Stock Up 0.9%

NYSE OUT opened at $16.52 on Friday. The stock’s 50 day moving average is $15.42 and its 200 day moving average is $17.51. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00. OUTFRONT Media has a 12 month low of $12.95 and a 12 month high of $19.98. The stock has a market cap of $2.76 billion, a PE ratio of 11.77, a P/E/G ratio of 1.06 and a beta of 1.84.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The firm had revenue of $390.70 million during the quarter, compared to the consensus estimate of $396.17 million. Research analysts predict that OUTFRONT Media will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, June 6th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.27%. The ex-dividend date of this dividend is Friday, June 6th. OUTFRONT Media’s dividend payout ratio is 78.95%.

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.