Imperial Capital started coverage on shares of Outfront Media (NYSE:OUT) in a report issued on Thursday, MarketBeat Ratings reports. The brokerage issued an inline rating and a $22.00 price objective on the financial services provider’s stock.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Outfront Media from a hold rating to a sell rating in a report on Tuesday, July 17th. ValuEngine downgraded shares of Outfront Media from a sell rating to a strong sell rating in a report on Friday, August 3rd. Morgan Stanley cut their price objective on shares of Outfront Media from $24.00 to $22.00 and set an equal weight rating on the stock in a report on Friday, June 22nd. Wells Fargo & Co reaffirmed a market perform rating and set a $27.00 price objective (up from $25.00) on shares of Outfront Media in a report on Thursday, August 9th. Finally, Citigroup cut their price objective on shares of Outfront Media from $23.00 to $22.00 and set a buy rating on the stock in a report on Friday, August 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Outfront Media has a consensus rating of Hold and a consensus target price of $24.33.

NYSE OUT opened at $20.08 on Thursday. Outfront Media has a 12-month low of $17.75 and a 12-month high of $25.30. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $2.79 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 1.33 and a beta of 1.09.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 7th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend is Thursday, September 6th. Outfront Media’s dividend payout ratio is 72.00%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Cove Street Capital LLC purchased a new position in Outfront Media during the 2nd quarter worth $134,000. Point72 Asset Management L.P. purchased a new position in Outfront Media during the 1st quarter worth $147,000. Point72 Asia Hong Kong Ltd boosted its holdings in Outfront Media by 485.4% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 8,301 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 6,883 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of Outfront Media by 70.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,826 shares of the financial services provider’s stock worth $211,000 after buying an additional 4,467 shares during the last quarter. Finally, TLP Group LLC boosted its holdings in shares of Outfront Media by 6,494.0% in the 1st quarter. TLP Group LLC now owns 12,133 shares of the financial services provider’s stock worth $227,000 after buying an additional 11,949 shares during the last quarter. 98.07% of the stock is currently owned by hedge funds and other institutional investors.

Outfront Media Company Profile

OUTFRONT Media connects brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its ON Smart Media platform, OUTFRONT Media is implementing digital technology that will fundamentally change the ways advertisers engage people on-the-go.

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