Analysts Set OUTFRONT Media Inc. (NYSE:OUT) Target Price at $14.50

Shares of OUTFRONT Media Inc. (NYSE:OUT) have been given a consensus rating of “Hold” by the five analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $14.50.

OUT has been the subject of a number of recent research reports. TheStreet upgraded shares of OUTFRONT Media from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. StockNews.com upgraded OUTFRONT Media from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OUT. Wellington Management Group LLP increased its holdings in shares of OUTFRONT Media by 4.9% in the 3rd quarter. Wellington Management Group LLP now owns 2,857,027 shares of the financial services provider’s stock valued at $28,856,000 after acquiring an additional 134,360 shares during the period. DAVENPORT & Co LLC purchased a new position in OUTFRONT Media during the 4th quarter worth $9,774,000. Algert Global LLC grew its position in OUTFRONT Media by 141.5% during the 3rd quarter. Algert Global LLC now owns 819,828 shares of the financial services provider’s stock worth $8,280,000 after purchasing an additional 480,372 shares during the last quarter. Cove Street Capital LLC increased its stake in OUTFRONT Media by 1,449.7% in the third quarter. Cove Street Capital LLC now owns 240,200 shares of the financial services provider’s stock valued at $2,426,000 after purchasing an additional 224,700 shares during the period. Finally, Maven Securities LTD purchased a new stake in shares of OUTFRONT Media in the third quarter valued at about $1,511,000.

OUTFRONT Media Trading Down 1.9 %

OUT opened at $14.85 on Friday. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of -5.56, a PEG ratio of 0.99 and a beta of 1.87. The business has a fifty day moving average price of $15.18 and a 200 day moving average price of $13.20. OUTFRONT Media has a 12 month low of $8.18 and a 12 month high of $17.02.

OUTFRONT Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.20 annualized dividend and a yield of 8.08%. OUTFRONT Media’s dividend payout ratio is presently -44.94%.

About OUTFRONT Media

OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.