Insider Selling: OUTFRONT Media (NYSE:OUT) EVP Sells 50,000 Shares of Stock

OUTFRONT Media Inc. (NYSE:OUT) EVP Matthew Siegel sold 50,000 shares of OUTFRONT Media stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $25.79, for a total transaction of $1,289,500.00. Following the transaction, the executive vice president directly owned 289,925 shares in the company, valued at $7,477,165.75. This represents a 14.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OUTFRONT Media Price Performance

Shares of OUT traded up $0.49 during mid-day trading on Thursday, reaching $27.14. The stock had a trading volume of 1,120,364 shares, compared to its average volume of 1,425,974. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 1.30 and a beta of 1.51. OUTFRONT Media Inc. has a 12 month low of $12.95 and a 12 month high of $29.27. The business has a fifty day moving average of $26.47 and a 200 day moving average of $23.02. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.92 and a current ratio of 0.92.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.16). The firm had revenue of $513.30 million for the quarter, compared to the consensus estimate of $511.61 million. OUTFRONT Media had a net margin of 8.03% and a return on equity of 24.86%. Equities analysts predict that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Friday, March 6th. OUTFRONT Media’s dividend payout ratio is presently 150.00%.

Institutional Trading of OUTFRONT Media

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new position in shares of OUTFRONT Media during the 3rd quarter valued at about $29,000. Private Trust Co. NA bought a new stake in shares of OUTFRONT Media in the third quarter worth about $33,000. Farther Finance Advisors LLC lifted its position in shares of OUTFRONT Media by 157.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,431 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of OUTFRONT Media in the fourth quarter worth about $71,000. Finally, IFP Advisors Inc boosted its stake in OUTFRONT Media by 16.5% during the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after buying an additional 582 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on OUT shares. TD Cowen boosted their price objective on OUTFRONT Media from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Zacks Research cut OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company lifted their target price on OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Barrington Research boosted their price target on OUTFRONT Media from $27.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Finally, Morgan Stanley upgraded OUTFRONT Media from an “equal weight” rating to an “overweight” rating and upped their price target for the stock 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 and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.86.

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.