Manuel Diaz Sells 11,271 Shares of OUTFRONT Media (NYSE:OUT) Stock

OUTFRONT Media Inc. (NYSE:OUT) Director Manuel Diaz sold 11,271 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $24.49, for a total value of $276,026.79. Following the transaction, the director directly owned 47,515 shares in the company, valued at $1,163,642.35. The trade was a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

OUTFRONT Media Stock Performance

OUT stock traded up $0.73 during midday trading on Wednesday, reaching $25.34. 1,076,823 shares of the company were exchanged, compared to its average volume of 1,132,032. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 37.26, a price-to-earnings-growth ratio of 1.26 and a beta of 1.57. The company has a debt-to-equity ratio of 4.75, a current ratio of 0.79 and a quick ratio of 0.79. The business has a 50-day moving average price of $23.59 and a two-hundred day moving average price of $20.07. OUTFRONT Media Inc. has a one year low of $12.95 and a one year high of $25.48.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.21). The firm had revenue of $467.50 million for the quarter, compared to the consensus estimate 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 was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 EPS. Equities research analysts forecast that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Friday, December 5th. OUTFRONT Media’s payout ratio is 176.47%.

Hedge Funds Weigh In On OUTFRONT Media

A number of hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in shares of OUTFRONT Media in the third quarter valued at about $29,000. Private Trust Co. NA purchased a new position in shares of OUTFRONT Media in the 3rd quarter worth approximately $33,000. IFP Advisors Inc boosted its stake in shares of OUTFRONT Media by 16.5% in the 3rd quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock worth $78,000 after buying an additional 582 shares during the last quarter. Rossby Financial LCC grew its holdings in shares of OUTFRONT Media by 42.4% in the second quarter. Rossby Financial LCC now owns 6,953 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 2,071 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of OUTFRONT Media by 113.7% during the second quarter. GAMMA Investing LLC now owns 7,964 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 4,238 shares during the last quarter.

Analysts Set New Price Targets

OUT has been the subject of several analyst reports. Barrington Research restated an “outperform” rating and set a $21.00 price target on shares of OUTFRONT Media in a report on Friday, November 7th. 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. TD Cowen upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a report on Tuesday, November 11th. New Street Research set a $24.00 target price on OUTFRONT Media in a research report on Tuesday, November 11th. Finally, Morgan Stanley raised OUTFRONT Media from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $20.00 to $28.00 in a research note on Tuesday, December 16th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $24.57.

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.