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

OUTFRONT Media Inc. (NYSE:OUT) EVP Richard Sauer sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $31.13, for a total transaction of $155,650.00. Following the sale, the executive vice president owned 66,947 shares of the company’s stock, valued at approximately $2,084,060.11. This represents a 6.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

OUTFRONT Media Stock Performance

Shares of OUT stock traded up $0.80 during midday trading on Tuesday, hitting $32.06. 1,462,386 shares of the company were exchanged, compared to its average volume of 1,513,547. OUTFRONT Media Inc. has a 52 week low of $15.56 and a 52 week high of $34.96. The firm has a market capitalization of $5.64 billion, a P/E ratio of 30.53, a PEG ratio of 1.47 and a beta of 1.49. The firm’s 50 day moving average price is $31.30 and its two-hundred day moving average price is $27.62. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.82 and a current ratio of 0.82.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data 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 net margin of 9.98% and a return on equity of 30.36%. The firm had revenue of $429.60 million during the quarter, compared to the consensus estimate of $431.44 million. During the same period last year, the business posted $0.14 earnings per share. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, equities research analysts anticipate that OUTFRONT Media Inc. will post 2.12 earnings per share for the current year.

OUTFRONT Media Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, June 5th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 114.29%.

Institutional Investors Weigh In On OUTFRONT Media

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in shares of OUTFRONT Media during the third quarter worth $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of OUTFRONT Media by 74.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,610 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 686 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of 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 last quarter. Kestra Advisory Services LLC bought a new stake in shares of OUTFRONT Media during 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 valued at $78,000 after buying an additional 582 shares during the period.

Analyst Ratings Changes

Several research firms have weighed in on OUT. Barrington Research set a $38.00 price objective on OUTFRONT Media in a research report on Tuesday, May 12th. Wells Fargo & Company upped their price target on shares of OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. TD Cowen reaffirmed a “buy” rating and set a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Zacks Research cut shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Wall Street Zen downgraded shares of OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a report on Saturday. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.