OUTFRONT Media (NYSE:OUT) EVP James Michael Norton Purchases 4,130 Shares

OUTFRONT Media Inc. (NYSE:OUT) EVP James Michael Norton purchased 4,130 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were acquired at an average price of $30.81 per share, for a total transaction of $127,245.30. Following the purchase, the executive vice president directly owned 4,130 shares in the company, valued at approximately $127,245.30. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

OUTFRONT Media Trading Up 1.1%

Shares of OUTFRONT Media stock opened at $30.68 on Friday. The stock has a market capitalization of $5.40 billion, a PE ratio of 29.21, a P/E/G ratio of 1.43 and a beta of 1.49. OUTFRONT Media Inc. has a 1-year low of $15.45 and a 1-year high of $34.96. The company’s fifty day simple moving average is $30.79 and its 200-day simple moving average is $27.22. 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 data on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.28 by $0.06. The firm had revenue of $429.60 million for the quarter, compared to the consensus estimate of $431.44 million. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The company’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm earned $0.14 EPS. As a group, equities analysts anticipate that OUTFRONT Media Inc. will post 2.12 earnings per share for the current year.

OUTFRONT Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 dividend yield of 3.9%. The ex-dividend date is Friday, June 5th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 114.29%.

Wall Street Analysts Forecast Growth

OUT has been the topic of several recent analyst reports. Morgan Stanley set a $37.00 price objective on shares of OUTFRONT Media in a research report on Friday, May 8th. TD Cowen restated a “buy” rating and set a $38.00 price objective (up from $32.00) on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Barrington Research set a $38.00 price objective on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Wells Fargo & Company raised their price objective on shares of OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Finally, Zacks Research downgraded shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, OUTFRONT Media currently has an average rating of “Moderate Buy” and an average target price of $30.71.

Institutional Trading of OUTFRONT Media

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Gamco Investors INC. ET AL increased its holdings in OUTFRONT Media by 0.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 51,648 shares of the financial services provider’s stock valued at $1,369,000 after acquiring an additional 351 shares during the last quarter. CWM LLC increased its holdings in OUTFRONT Media by 5.5% in the 4th quarter. CWM LLC now owns 8,682 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 453 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in OUTFRONT Media by 2.2% in the 4th quarter. Maryland State Retirement & Pension System now owns 21,383 shares of the financial services provider’s stock valued at $515,000 after acquiring an additional 468 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in OUTFRONT Media by 1.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 33,256 shares of the financial services provider’s stock valued at $801,000 after acquiring an additional 500 shares during the last quarter. Finally, Convergence Investment Partners LLC increased its holdings in OUTFRONT Media by 0.7% in the 1st quarter. Convergence Investment Partners LLC now owns 78,004 shares of the financial services provider’s stock valued at $2,067,000 after acquiring an additional 537 shares during the last quarter.

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.