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 22nd. The shares were sold at an average price of $31.13, for a total transaction of $155,650.00. Following the sale, the executive vice president owned 66,947 shares in the company, valued at $2,084,060.11. This represents a 6.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

OUTFRONT Media Trading Down 0.3%

NYSE OUT opened at $32.05 on Thursday. The stock has a market cap of $5.64 billion, a P/E ratio of 30.52, a PEG ratio of 1.52 and a beta of 1.49. The company’s fifty day simple moving average is $31.41 and its 200-day simple moving average is $27.74. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.90. OUTFRONT Media Inc. has a 52 week low of $15.56 and a 52 week high of $34.96.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The business had revenue of $429.60 million during the quarter, compared to analyst estimates of $431.44 million. During the same period last year, the business earned $0.14 EPS. The business’s revenue was up 10.0% on a year-over-year basis. Equities research analysts predict that OUTFRONT Media Inc. will post 2.12 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, June 5th. OUTFRONT Media’s payout ratio is presently 114.29%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Barrington Research set a $38.00 price target on OUTFRONT Media in a report on Tuesday, May 12th. Wall Street Zen downgraded OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Wells Fargo & Company upped their target price on OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Morgan Stanley set a $37.00 target price on OUTFRONT Media in a research note on Friday, May 8th. Finally, Zacks Research downgraded shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, OUTFRONT Media currently has a consensus rating of “Moderate Buy” and an average target price of $30.71.

Hedge Funds Weigh In On OUTFRONT Media

Hedge funds have recently bought and sold shares of the company. GRS Advisors LLC grew its position 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 acquiring an additional 279,326 shares in the last quarter. Burney Co. bought a new position in OUTFRONT Media during the fourth quarter worth $735,000. Polar Asset Management Partners Inc. bought a new position in OUTFRONT Media during the third quarter worth $5,622,000. BTC Capital Management Inc. acquired a new position in OUTFRONT Media in the fourth quarter worth $3,625,000. Finally, Pensionfund PDN acquired a new position in OUTFRONT Media in the fourth quarter worth $1,027,000.

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.