Insider Selling: OUTFRONT Media (NYSE:OUT) EVP Sells 5,000 Shares of Stock

OUTFRONT Media Inc. (NYSE:OUT) EVP Richard Sauer sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $31.36, for a total value of $156,800.00. Following the completion of the sale, the executive vice president owned 76,947 shares of the company’s stock, valued at approximately $2,413,057.92. This trade represents a 6.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OUTFRONT Media Price Performance

Shares of NYSE:OUT traded down $0.07 during midday trading on Wednesday, reaching $31.17. The company’s stock had a trading volume of 1,628,239 shares, compared to its average volume of 1,690,310. OUTFRONT Media Inc. has a fifty-two week low of $15.45 and a fifty-two week high of $34.96. The company has a market capitalization of $5.49 billion, a P/E ratio of 29.69, a P/E/G ratio of 1.48 and a beta of 1.49. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.82 and a quick ratio of 0.82. The business’s fifty day simple moving average is $31.13 and its 200-day simple moving average is $27.45.

OUTFRONT Media (NYSE:OUT) last announced its earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The company had revenue of $429.60 million during the quarter, compared to analyst estimates of $431.44 million. During the same period last year, the company posted $0.14 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, equities research analysts expect that OUTFRONT Media Inc. will post 2.12 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, June 5th. OUTFRONT Media’s dividend payout ratio is 114.29%.

Institutional Investors Weigh In On OUTFRONT Media

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GRS Advisors LLC increased its holdings in OUTFRONT Media by 12.8% in the third quarter. GRS Advisors LLC now owns 2,468,232 shares of the financial services provider’s stock valued at $45,218,000 after purchasing an additional 279,326 shares during the last quarter. Barnett & Company Inc. bought a new stake in OUTFRONT Media in the third quarter valued at about $1,519,000. Burney Co. bought a new stake in OUTFRONT Media in the fourth quarter valued at about $735,000. Polar Asset Management Partners Inc. bought a new stake in OUTFRONT Media in the third quarter valued at about $5,622,000. Finally, BTC Capital Management Inc. bought a new stake in OUTFRONT Media in the fourth quarter valued at about $3,625,000.

Analysts Set New Price Targets

OUT has been the topic of several recent research reports. TD Cowen reiterated a “buy” rating and issued a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. Wells Fargo & Company raised their price target on OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Morgan Stanley set a $37.00 price target on OUTFRONT Media in a report on Friday, May 8th. Zacks Research cut OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Wall Street Zen upgraded OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.71.

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.