OUTFRONT Media (NYSE:OUT) Director Sells $303,528.03 in Stock

OUTFRONT Media Inc. (NYSE:OUT) Director Manuel Diaz sold 11,271 shares of the stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $26.93, for a total transaction of $303,528.03. Following the transaction, the director directly owned 36,244 shares in the company, valued at approximately $976,050.92. This represents a 23.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

OUTFRONT Media Stock Performance

OUTFRONT Media stock opened at $27.10 on Thursday. The firm has a fifty day simple moving average of $26.34 and a two-hundred day simple moving average of $22.76. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.63. OUTFRONT Media Inc. has a twelve month low of $12.95 and a twelve month high of $29.27. The company has a market capitalization of $4.77 billion, a PE ratio of 33.87, a P/E/G ratio of 1.34 and a beta of 1.51.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.16). The company had revenue of $513.30 million for the quarter, compared to the consensus estimate of $511.61 million. OUTFRONT Media had a net margin of 8.03% and a return on equity of 24.86%. Research analysts expect that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be given 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 presently 150.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC purchased a new stake in OUTFRONT Media in the 4th quarter worth approximately $4,109,000. Corient Private Wealth LLC increased its stake in shares of OUTFRONT Media by 5.4% during the fourth quarter. Corient Private Wealth LLC now owns 129,038 shares of the financial services provider’s stock valued at $3,118,000 after buying an additional 6,583 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of OUTFRONT Media during the fourth quarter valued at approximately $220,000. Mackenzie Financial Corp bought a new position in shares of OUTFRONT Media during the fourth quarter valued at approximately $1,865,000. Finally, NewEdge Advisors LLC lifted its stake in OUTFRONT Media by 12.8% in the fourth quarter. NewEdge Advisors LLC now owns 15,977 shares of the financial services provider’s stock worth $385,000 after acquiring an additional 1,808 shares during the period.

Analyst Ratings Changes

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

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.