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 business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total transaction of $160,400.00. Following the completion of the sale, the executive vice president owned 56,947 shares of the company’s stock, valued at approximately $1,826,859.76. This represents a 8.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

OUTFRONT Media Stock Down 1.9%

Shares of OUT traded down $0.60 during mid-day trading on Thursday, hitting $31.50. The company’s stock had a trading volume of 1,321,967 shares, compared to its average volume of 1,512,294. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.90. The company’s 50-day moving average is $31.41 and its 200-day moving average is $27.74. OUTFRONT Media Inc. has a 52-week low of $15.90 and a 52-week high of $34.96. The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 1.52 and a beta of 1.49.

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, beating the consensus estimate of $0.28 by $0.06. The company had revenue of $429.60 million for the quarter, compared to analyst estimates of $431.44 million. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. OUTFRONT Media’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share. On average, equities research analysts forecast that OUTFRONT Media Inc. will post 2.12 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, June 5th. OUTFRONT Media’s dividend payout ratio (DPR) is 114.29%.

Institutional Trading of OUTFRONT Media

Hedge funds and other institutional investors have recently made changes to their positions in the business. Balyasny Asset Management L.P. grew its stake in OUTFRONT Media by 226.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,310,195 shares of the financial services provider’s stock worth $55,676,000 after buying an additional 1,603,315 shares during the last quarter. Vanguard Group Inc. raised its stake in OUTFRONT Media by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 22,654,899 shares of the financial services provider’s stock valued at $545,983,000 after buying an additional 1,131,954 shares during the last quarter. Ameriprise Financial Inc. raised its stake in OUTFRONT Media by 85.2% in the second quarter. Ameriprise Financial Inc. now owns 1,788,695 shares of the financial services provider’s stock valued at $29,192,000 after buying an additional 822,845 shares during the last quarter. Woodline Partners LP acquired a new stake in OUTFRONT Media in the third quarter worth about $13,705,000. Finally, Federated Hermes Inc. boosted its holdings in OUTFRONT Media by 199.9% in the fourth quarter. Federated Hermes Inc. now owns 905,641 shares of the financial services provider’s stock worth $21,826,000 after acquiring an additional 603,694 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OUT. Wells Fargo & Company boosted their price target on OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Barrington Research set a $38.00 price objective on OUTFRONT Media in a research report on Tuesday, May 12th. Wall Street Zen lowered OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. TD Cowen reiterated a “buy” rating and issued a $38.00 target price (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. Finally, Morgan Stanley set a $37.00 price target on shares of OUTFRONT Media in a research report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.71.

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.