OUTFRONT Media (NYSE:OUT) EVP Sells $160,400.00 in Stock

OUTFRONT Media Inc. (NYSE:OUT) EVP Richard Sauer sold 5,000 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $32.08, for a total transaction of $160,400.00. Following the completion of the sale, the executive vice president directly owned 56,947 shares of the company’s stock, valued at approximately $1,826,859.76. This trade represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

OUTFRONT Media Stock Up 4.8%

OUT opened at $33.16 on Friday. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 1.57 and a beta of 1.49. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.82 and a current ratio of 0.82. The firm’s fifty day moving average is $31.54 and its 200 day moving average is $27.84. OUTFRONT Media Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $34.96.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings results 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. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The business had revenue of $429.60 million during the quarter, compared to analyst estimates of $431.44 million. During the same quarter in the prior year, the business posted $0.14 EPS. OUTFRONT Media’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, sell-side analysts forecast that OUTFRONT Media Inc. will post 2.12 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.20 dividend on an annualized basis and a yield of 3.6%. OUTFRONT Media’s payout ratio is currently 114.29%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of OUT. GRS Advisors LLC increased its holdings in shares of OUTFRONT Media by 12.8% in the 3rd quarter. GRS Advisors LLC now owns 2,468,232 shares of the financial services provider’s stock worth $45,218,000 after buying an additional 279,326 shares during the last quarter. Burney Co. bought a new position in shares of OUTFRONT Media in the 4th quarter valued at about $735,000. Polar Asset Management Partners Inc. bought a new position in shares of OUTFRONT Media in the 3rd quarter valued at about $5,622,000. BTC Capital Management Inc. purchased a new position in OUTFRONT Media in the fourth quarter worth about $3,625,000. Finally, Pensionfund PDN purchased a new position in OUTFRONT Media in the fourth quarter worth about $1,027,000.

Analyst Ratings Changes

Several research firms have recently issued reports on OUT. Zacks Research cut shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Morgan Stanley set a $37.00 target price on shares of OUTFRONT Media in a research note on Friday, May 8th. TD Cowen reiterated a “buy” rating and issued a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. Barrington Research set a $38.00 price objective on shares of OUTFRONT Media in a report on Tuesday, May 12th. Finally, Wall Street Zen lowered OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $30.71.

OUTFRONT Media Company Profile

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.