OUTFRONT Media (NYSE:OUT) Director Manuel Diaz Sells 11,271 Shares

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 value of $303,528.03. Following the completion of the sale, the director directly owned 36,244 shares of the company’s stock, valued at $976,050.92. The trade was a 23.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

OUTFRONT Media Stock Up 4.2%

NYSE:OUT traded up $1.12 during trading hours on Monday, hitting $27.41. 1,597,536 shares of the company traded hands, compared to its average volume of 1,734,506. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.63. The company has a market cap of $4.82 billion, a PE ratio of 13.50, a PEG ratio of 1.29 and a beta of 1.51. The firm’s 50-day simple moving average is $26.22 and its 200-day simple moving average is $22.67. OUTFRONT Media Inc. has a one year low of $12.95 and a one year high of $29.27.

OUTFRONT Media (NYSE:OUT) last announced its earnings results on Wednesday, February 25th. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $511.61 million. Equities analysts predict that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Dividend Announcement

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

Institutional Trading of OUTFRONT Media

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wells Fargo & Company increased their price target on OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. TD Cowen boosted their price objective on OUTFRONT Media from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Barrington Research upped their price objective on OUTFRONT Media from $27.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Morgan Stanley upgraded 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. Finally, Zacks Research downgraded shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a 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 stock. According to data from MarketBeat, the stock presently has a consensus 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.