OUTFRONT Media (NYSE:OUT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of OUTFRONT Media (NYSE:OUT) from a buy rating to a strong-buy rating in a report released on Saturday morning.

Several other equities research analysts have also issued reports on the company. Morgan Stanley set a $37.00 price objective on OUTFRONT Media in a research note on Friday, May 8th. Barrington Research set a $38.00 target price on OUTFRONT Media in a research report on Tuesday, May 12th. Finally, TD Cowen restated a “buy” rating and set a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, OUTFRONT Media has a consensus rating of “Moderate Buy” and an average target price of $30.71.

OUTFRONT Media Stock Down 1.7%

Shares of NYSE OUT opened at $32.66 on Friday. 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 has a 12-month low of $16.64 and a 12-month high of $34.96. The firm’s 50-day moving average price is $32.24 and its 200-day moving average price is $28.90. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 31.10, a P/E/G ratio of 1.57 and a beta of 1.48.

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

OUTFRONT Media Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 5th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, June 5th. OUTFRONT Media’s dividend payout ratio is 114.29%.

Insider Transactions at OUTFRONT Media

In other news, EVP James Michael Norton acquired 4,130 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average price of $30.81 per share, with a total value of $127,245.30. Following the completion of the purchase, the executive vice president directly owned 4,130 shares in the company, valued at approximately $127,245.30. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard H. Sauer sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total value of $160,400.00. Following the transaction, the executive vice president owned 56,947 shares of the company’s stock, valued at $1,826,859.76. This trade represents a 8.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 20,000 shares of company stock worth $629,600 over the last three months. 0.45% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OUTFRONT Media

A number of institutional investors and hedge funds have recently modified their holdings of OUT. Hennion & Walsh Asset Management Inc. boosted its holdings in OUTFRONT Media by 94.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 30,793 shares of the financial services provider’s stock valued at $1,009,000 after acquiring an additional 14,993 shares during the period. GAMMA Investing LLC increased its stake in OUTFRONT Media by 4.6% in the second quarter. GAMMA Investing LLC now owns 10,048 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 440 shares during the period. Pine Valley Investments Ltd Liability Co purchased a new stake in OUTFRONT Media in the first quarter worth $244,000. NewEdge Advisors LLC lifted its position in shares of OUTFRONT Media by 23.7% during the first quarter. NewEdge Advisors LLC now owns 19,766 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 3,789 shares during the last quarter. Finally, Arete Wealth Advisors LLC bought a new stake in shares of OUTFRONT Media during the first quarter worth $401,000.

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.