OUTFRONT Media (NYSE:OUT) Director Manuel Diaz Sells 11,270 Shares

OUTFRONT Media Inc. (NYSE:OUT) Director Manuel Diaz sold 11,270 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $22.18, for a total transaction of $249,968.60. Following the completion of the sale, the director directly owned 58,786 shares of the company’s stock, valued at approximately $1,303,873.48. This trade represents a 16.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

OUTFRONT Media Trading Up 4.2%

Shares of OUT stock traded up $0.91 during trading on Friday, hitting $22.83. 2,012,730 shares of the stock traded hands, compared to its average volume of 2,179,611. OUTFRONT Media Inc. has a 52-week low of $12.95 and a 52-week high of $22.90. The firm has a market capitalization of $3.82 billion, a P/E ratio of 33.58, a price-to-earnings-growth ratio of 1.24 and a beta of 1.82. The firm’s fifty day moving average price is $18.79 and its 200-day moving average price is $17.77. The company has a debt-to-equity ratio of 4.75, a current ratio of 0.79 and a quick ratio of 0.79.

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

OUTFRONT Media Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Friday, December 5th. OUTFRONT Media’s dividend payout ratio is 176.47%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OUT. New Street Research set a $24.00 price target on shares of OUTFRONT Media in a research report on Tuesday, November 11th. Barrington Research reissued an “outperform” rating and set a $21.00 target price on shares of OUTFRONT Media in a research report on Friday, November 7th. Citigroup reaffirmed a “buy” rating and issued a $23.00 price target (up from $20.00) on shares of OUTFRONT Media in a report on Wednesday, November 12th. TD Cowen upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, November 11th. Finally, Morgan Stanley boosted their price objective on shares of OUTFRONT Media from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, OUTFRONT Media has an average rating of “Moderate Buy” and an average target price of $22.00.

Hedge Funds Weigh In On OUTFRONT Media

Hedge funds have recently modified their holdings of the business. New Age Alpha Advisors LLC increased its position in OUTFRONT Media by 162.1% during the 1st quarter. New Age Alpha Advisors LLC now owns 123,675 shares of the financial services provider’s stock worth $1,996,000 after purchasing an additional 76,486 shares during the period. Nordea Investment Management AB acquired a new stake in shares of OUTFRONT Media in the 2nd quarter valued at approximately $5,414,000. Moody National Bank Trust Division purchased a new stake in shares of OUTFRONT Media in the second quarter valued at approximately $295,000. Assetmark Inc. grew its holdings in OUTFRONT Media by 46,052.7% during the first quarter. Assetmark Inc. now owns 41,999 shares of the financial services provider’s stock worth $678,000 after acquiring an additional 41,908 shares during the period. Finally, Westwood Holdings Group Inc. acquired a new position in OUTFRONT Media during the first quarter worth $7,086,000.

OUTFRONT Media Company Profile

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.