Richard Sauer Sells 5,000 Shares of OUTFRONT Media (NYSE:OUT) Stock

OUTFRONT Media Inc. (NYSE:OUT) EVP Richard Sauer sold 5,000 shares of OUTFRONT Media stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $31.35, for a total value of $156,750.00. Following the completion of the sale, the executive vice president directly owned 86,947 shares in the company, valued at approximately $2,725,788.45. This represents a 5.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OUTFRONT Media Stock Performance

OUT opened at $31.20 on Friday. OUTFRONT Media Inc. has a 12-month low of $15.45 and a 12-month high of $34.96. The business has a 50 day moving average of $31.20 and a 200-day moving average of $27.51. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 3.90. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 1.47 and a beta of 1.49.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The company had revenue of $429.60 million during the quarter, compared to analysts’ expectations of $431.44 million. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 earnings per share. On average, equities research analysts expect that OUTFRONT Media Inc. will post 2.12 earnings per share for the current year.

OUTFRONT Media Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, June 5th. OUTFRONT Media’s dividend payout ratio is currently 114.29%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Zacks Research downgraded shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Barrington Research set a $38.00 price objective on shares of OUTFRONT Media in a research note on Tuesday, May 12th. TD Cowen reiterated a “buy” rating and issued a $38.00 price objective (up from $32.00) on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Finally, Wall Street Zen raised OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.71.

Hedge Funds Weigh In On OUTFRONT Media

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL increased its stake in shares of OUTFRONT Media by 0.7% in the first quarter. Gamco Investors INC. ET AL now owns 51,648 shares of the financial services provider’s stock worth $1,369,000 after purchasing an additional 351 shares in the last quarter. CWM LLC lifted its holdings in shares of OUTFRONT Media by 5.5% in the fourth quarter. CWM LLC now owns 8,682 shares of the financial services provider’s stock worth $209,000 after buying an additional 453 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in OUTFRONT Media by 2.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 21,383 shares of the financial services provider’s stock valued at $515,000 after buying an additional 468 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of OUTFRONT Media by 1.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 33,256 shares of the financial services provider’s stock worth $801,000 after acquiring an additional 500 shares during the last quarter. Finally, Convergence Investment Partners LLC boosted its holdings in shares of OUTFRONT Media by 0.7% in the 1st quarter. Convergence Investment Partners LLC now owns 78,004 shares of the financial services provider’s stock worth $2,067,000 after purchasing an additional 537 shares in the last quarter.

About OUTFRONT Media

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.