OUTFRONT Media Inc. (NYSE:OUT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of OUTFRONT Media Inc. (NYSE:OUT) have received an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $22.00.

OUT has been the topic of a number of recent research reports. Wells Fargo & Company restated an “overweight” rating on shares of OUTFRONT Media in a research report on Sunday, July 20th. JPMorgan Chase & Co. raised shares of OUTFRONT Media from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $19.00 to $25.00 in a research note on Wednesday. New Street Research set a $24.00 target price on OUTFRONT Media in a report on Tuesday. Citigroup restated a “buy” rating and issued a $23.00 price target (up from $20.00) on shares of OUTFRONT Media in a research report on Wednesday. Finally, Cowen upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Tuesday.

Insider Activity

In other news, EVP Mark Emilio Bonanni sold 4,126 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $19.38, for a total transaction of $79,961.88. Following the transaction, the executive vice president owned 4,170 shares of the company’s stock, valued at approximately $80,814.60. The trade was a 49.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Pep Viii Gp Llc sold 8,400,000 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $18.06, for a total transaction of $151,704,000.00. Following the sale, the insider owned 8,913,813 shares of the company’s stock, valued at approximately $160,983,462.78. The trade was a 48.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Arizona State Retirement System increased its position in OUTFRONT Media by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 42,023 shares of the financial services provider’s stock worth $770,000 after purchasing an additional 591 shares during the period. CWM LLC boosted its stake in shares of OUTFRONT Media by 8.3% in the third quarter. CWM LLC now owns 8,229 shares of the financial services provider’s stock valued at $151,000 after buying an additional 631 shares in the last quarter. Signaturefd LLC grew its holdings in OUTFRONT Media by 8.5% during the first quarter. Signaturefd LLC now owns 9,203 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 722 shares during the period. Maryland State Retirement & Pension System raised its position in OUTFRONT Media by 1.8% in the second quarter. Maryland State Retirement & Pension System now owns 40,753 shares of the financial services provider’s stock worth $665,000 after acquiring an additional 740 shares in the last quarter. Finally, Bank of Montreal Can raised its position in OUTFRONT Media by 2.1% in the second quarter. Bank of Montreal Can now owns 36,066 shares of the financial services provider’s stock worth $589,000 after acquiring an additional 758 shares in the last quarter.

OUTFRONT Media Stock Up 1.6%

Shares of OUT opened at $22.05 on Friday. The stock has a 50 day moving average price of $18.46 and a 200 day moving average price of $17.55. OUTFRONT Media has a one year low of $12.95 and a one year high of $22.17. The company has a debt-to-equity ratio of 4.75, a quick ratio of 0.61 and a current ratio of 0.79. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 1.29 and a beta of 1.82.

OUTFRONT Media (NYSE:OUT) last announced its earnings results on Thursday, November 6th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.21). OUTFRONT Media had a return on equity of 21.56% and a net margin of 6.86%.The business had revenue of $467.50 million for the quarter, compared to analyst estimates of $458.32 million. During the same period last year, the firm earned $0.19 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts forecast that OUTFRONT Media will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.4%. OUTFRONT Media’s dividend payout ratio (DPR) is 176.47%.

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.