OUTFRONT Media Inc. (NYSE:OUT) Given Average Recommendation of “Hold” by Brokerages

Shares of OUTFRONT Media Inc. (NYSE:OUT) have been assigned an average rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $18.23.

A number of research firms have recently weighed in on OUT. Barrington Research reaffirmed an “outperform” rating and issued a $21.00 price target on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. Citigroup restated a “buy” rating and issued a $19.00 target price (up previously from $17.00) on shares of OUTFRONT Media in a research note on Thursday, May 29th. JPMorgan Chase & Co. cut their price target on OUTFRONT Media from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, May 21st. Wells Fargo & Company reduced their price target on OUTFRONT Media from $22.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, May 9th. Finally, Wall Street Zen downgraded OUTFRONT Media from a “hold” rating to a “sell” rating in a report on Monday, May 12th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in OUTFRONT Media during the 4th quarter valued at approximately $980,000. Polar Asset Management Partners Inc. lifted its holdings in shares of OUTFRONT Media by 247.7% during the fourth quarter. Polar Asset Management Partners Inc. now owns 677,930 shares of the financial services provider’s stock worth $12,026,000 after buying an additional 482,930 shares during the last quarter. Bank of America Corp DE boosted its position in shares of OUTFRONT Media by 28.2% in the fourth quarter. Bank of America Corp DE now owns 346,544 shares of the financial services provider’s stock valued at $6,148,000 after acquiring an additional 76,306 shares during the period. Jefferies Financial Group Inc. acquired a new stake in shares of OUTFRONT Media in the fourth quarter worth $608,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of OUTFRONT Media by 13.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 430,880 shares of the financial services provider’s stock worth $7,644,000 after acquiring an additional 51,635 shares during the last quarter.

OUTFRONT Media Price Performance

Shares of OUT opened at $16.35 on Thursday. The business’s 50-day moving average is $15.48 and its 200-day moving average is $17.21. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 1.06 and a beta of 1.89. OUTFRONT Media has a fifty-two week low of $12.95 and a fifty-two week high of $19.98.

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

OUTFRONT Media Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, June 6th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.20 annualized dividend and a dividend yield of 7.34%. OUTFRONT Media’s dividend payout ratio (DPR) is presently 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.