OUTFRONT Media (NYSE:OUT) EVP Richard Sauer Sells 5,000 Shares

OUTFRONT Media Inc. (NYSE:OUT) EVP Richard Sauer sold 5,000 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $31.36, for a total value of $156,800.00. Following the completion of the sale, the executive vice president owned 76,947 shares of the company’s stock, valued at $2,413,057.92. This trade represents a 6.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OUTFRONT Media Trading Down 0.2%

Shares of OUTFRONT Media stock traded down $0.07 during trading hours on Wednesday, hitting $31.17. The company’s stock had a trading volume of 1,628,239 shares, compared to its average volume of 1,690,310. OUTFRONT Media Inc. has a 12 month low of $15.45 and a 12 month high of $34.96. The stock has a 50 day moving average of $31.13 and a 200 day moving average of $27.45. The company has a market capitalization of $5.49 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.48 and a beta of 1.49. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.82 and a quick ratio of 0.82.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (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 the consensus estimate of $431.44 million. During the same period in the prior year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. Analysts predict that OUTFRONT Media Inc. will post 2.12 earnings per share for the current year.

OUTFRONT Media Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, June 5th. OUTFRONT Media’s dividend payout ratio is 114.29%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. GRS Advisors LLC boosted its position in shares of OUTFRONT Media by 12.8% during the third quarter. GRS Advisors LLC now owns 2,468,232 shares of the financial services provider’s stock worth $45,218,000 after buying an additional 279,326 shares during the period. Barnett & Company Inc. acquired a new position in shares of OUTFRONT Media during the third quarter worth about $1,519,000. Burney Co. acquired a new position in shares of OUTFRONT Media during the fourth quarter worth about $735,000. Polar Asset Management Partners Inc. acquired a new position in shares of OUTFRONT Media during the third quarter worth about $5,622,000. Finally, Public Sector Pension Investment Board boosted its position in OUTFRONT Media by 20.0% during the third quarter. Public Sector Pension Investment Board now owns 567,459 shares of the financial services provider’s stock valued at $10,396,000 after purchasing an additional 94,672 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. TD Cowen restated a “buy” rating and issued a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. Morgan Stanley set a $37.00 price target on OUTFRONT Media in a report on Friday, May 8th. Zacks Research cut OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Barrington Research set a $38.00 price objective on OUTFRONT Media in a research report on Tuesday, May 12th. Finally, Wall Street Zen raised OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.71.

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.