OUTFRONT Media’s (OUT) Outperform Rating Reiterated at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of OUTFRONT Media (NYSE:OUT) in a research note published on Friday,Benzinga reports. They currently have a $21.00 price target on the financial services provider’s stock.

OUT has been the subject of a number of other reports. Wall Street Zen upgraded OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of OUTFRONT Media in a research report on Sunday, July 20th. Finally, Morgan Stanley boosted their price objective on OUTFRONT Media from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

OUTFRONT Media Trading Up 0.9%

Shares of OUT traded up $0.18 during midday trading on Friday, reaching $20.34. The company had a trading volume of 1,444,109 shares, compared to its average volume of 1,569,496. OUTFRONT Media has a 1-year low of $12.95 and a 1-year high of $20.36. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 4.75. The firm has a 50 day simple moving average of $18.19 and a 200-day simple moving average of $17.35. The stock has a market cap of $3.40 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 1.18 and a beta of 1.82.

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). OUTFRONT Media had a net margin of 6.86% and a return on equity of 21.56%. The business had revenue of $467.50 million during the quarter, compared to analysts’ expectations of $458.32 million. During the same quarter in the prior year, the firm earned $0.19 EPS. OUTFRONT Media’s revenue for the quarter was up 3.5% compared to the same quarter last year. Research analysts forecast that OUTFRONT Media will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Friday, December 5th. OUTFRONT Media’s dividend payout ratio (DPR) is 176.47%.

Insider Activity

In other OUTFRONT Media news, major shareholder Pep Viii Gp Llc sold 8,400,000 shares of OUTFRONT Media stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $18.06, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Emilio Bonanni sold 4,126 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $19.38, for a total value of $79,961.88. Following the transaction, the executive vice president directly owned 4,170 shares of the company’s stock, valued at approximately $80,814.60. This trade represents a 49.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.47% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. SVB Wealth LLC acquired a new position in OUTFRONT Media during the first quarter worth $28,000. Private Trust Co. NA purchased a new stake in shares of OUTFRONT Media in the 3rd quarter worth about $33,000. Caitong International Asset Management Co. Ltd boosted its position in shares of OUTFRONT Media by 158.2% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,331 shares of the financial services provider’s stock worth $54,000 after buying an additional 2,041 shares in the last quarter. IFP Advisors Inc grew its stake in OUTFRONT Media by 97.6% in the 1st quarter. IFP Advisors Inc now owns 6,708 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 3,313 shares during the last quarter. Finally, Rossby Financial LCC increased its holdings in OUTFRONT Media by 42.4% during the 2nd quarter. Rossby Financial LCC now owns 6,953 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 2,071 shares in the last quarter.

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.