OUTFRONT Media Inc. (NYSE:OUT) Short Interest Down 12.6% in February

OUTFRONT Media Inc. (NYSE:OUT) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 3,326,515 shares, a decline of 12.6% from the February 12th total of 3,804,439 shares. Based on an average daily volume of 2,017,275 shares, the short-interest ratio is presently 1.6 days. Approximately 1.9% of the company’s shares are sold short. Approximately 1.9% of the company’s shares are sold short. Based on an average daily volume of 2,017,275 shares, the short-interest ratio is presently 1.6 days.

OUTFRONT Media Stock Up 1.8%

Shares of OUTFRONT Media stock opened at $27.19 on Tuesday. The company has a 50-day simple moving average of $25.96 and a two-hundred day simple moving average of $22.37. The stock has a market capitalization of $4.79 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 1.32 and a beta of 1.51. OUTFRONT Media has a 52-week low of $12.95 and a 52-week high of $29.27. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.92 and a current ratio of 0.92.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.16). OUTFRONT Media had a net margin of 8.03% and a return on equity of 24.86%. The firm had revenue of $513.30 million for the quarter, compared to analysts’ expectations of $511.61 million. On average, analysts anticipate that OUTFRONT Media will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, March 6th. OUTFRONT Media’s dividend payout ratio (DPR) is currently 150.00%.

Insider Buying and Selling

In other news, Director Manuel A. Diaz sold 11,271 shares of OUTFRONT Media stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $24.49, for a total value of $276,026.79. Following the sale, the director directly owned 47,515 shares in the company, valued at approximately $1,163,642.35. This trade represents a 19.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OUT. Advisory Services Network LLC purchased a new stake in shares of OUTFRONT Media during the third quarter valued at $29,000. Private Trust Co. NA purchased a new position in OUTFRONT Media in the 3rd quarter worth about $33,000. Farther Finance Advisors LLC raised its position in OUTFRONT Media by 157.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,431 shares during the last quarter. Kestra Advisory Services LLC bought a new position in OUTFRONT Media during the 4th quarter valued at about $71,000. Finally, IFP Advisors Inc lifted its stake in OUTFRONT Media by 16.5% during the 3rd quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 582 shares during the period.

Analysts Set New Price Targets

A number of brokerages recently commented on OUT. Wells Fargo & Company raised their price target on OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Zacks Research cut shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. TD Cowen boosted their price target on shares of OUTFRONT Media from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Morgan Stanley raised shares of OUTFRONT Media from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $20.00 to $28.00 in a research note on Tuesday, December 16th. Finally, Barrington Research lifted their price objective on OUTFRONT Media from $27.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.86.

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.