OUTFRONT Media (NYSE:OUT) Director Sells $249,968.60 in Stock

OUTFRONT Media Inc. (NYSE:OUT) Director Manuel Diaz sold 11,270 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $22.18, for a total transaction of $249,968.60. Following the sale, the director directly owned 58,786 shares in the company, valued at $1,303,873.48. This trade represents a 16.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

OUTFRONT Media Stock Performance

OUT stock traded up $0.91 during midday trading on Friday, reaching $22.83. The stock had a trading volume of 2,012,730 shares, compared to its average volume of 1,606,138. The firm has a fifty day simple moving average of $18.79 and a two-hundred day simple moving average of $17.77. OUTFRONT Media Inc. has a 52-week low of $12.95 and a 52-week high of $22.90. The company has a debt-to-equity ratio of 4.75, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market cap of $3.82 billion, a PE ratio of 33.58, a P/E/G ratio of 1.25 and a beta of 1.82.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.21). The firm had revenue of $467.50 million during the quarter, compared to analysts’ expectations of $458.32 million. OUTFRONT Media had a return on equity of 21.56% and a net margin of 6.86%.The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 earnings per share. As a group, equities research analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.20 dividend on an annualized basis and a yield of 5.3%. OUTFRONT Media’s payout ratio is presently 176.47%.

Institutional Investors Weigh In On OUTFRONT Media

A number of institutional investors and hedge funds have recently made changes to their positions in OUT. Advisors Capital Management LLC acquired a new position in shares of OUTFRONT Media in the 1st quarter worth approximately $22,330,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in OUTFRONT Media during the first quarter worth $14,177,000. Ameriprise Financial Inc. boosted its position in shares of OUTFRONT Media by 85.2% during the second quarter. Ameriprise Financial Inc. now owns 1,788,695 shares of the financial services provider’s stock worth $29,192,000 after buying an additional 822,845 shares during the period. Lasalle Investment Management Securities LLC grew its stake in shares of OUTFRONT Media by 24.0% in the second quarter. Lasalle Investment Management Securities LLC now owns 3,925,402 shares of the financial services provider’s stock valued at $64,063,000 after buying an additional 758,952 shares in the last quarter. Finally, Woodline Partners LP purchased a new stake in shares of OUTFRONT Media in the 3rd quarter valued at $13,705,000.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OUT. Morgan Stanley lifted their target price on shares of OUTFRONT Media from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Barrington Research reissued an “outperform” rating and set a $21.00 target price on shares of OUTFRONT Media in a research note on Friday, November 7th. TD Cowen upgraded OUTFRONT Media from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday, November 11th. New Street Research set a $24.00 price target on OUTFRONT Media in a research report on Tuesday, November 11th. Finally, Citigroup reissued a “buy” rating and set a $23.00 target price (up previously from $20.00) on shares of OUTFRONT Media in a research note on Wednesday, November 12th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.