Shares of OUTFRONT Media Inc. (NYSE:OUT) have received an average recommendation of “Hold” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $30.40.
Several research firms have weighed in on OUT. BidaskClub downgraded shares of OUTFRONT Media from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, April 25th. Loop Capital raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Monday, June 5th. TheStreet downgraded shares of OUTFRONT Media from a “b-” rating to a “c” rating in a research report on Friday, May 12th. Finally, ValuEngine downgraded shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th.
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Several hedge funds have recently added to or reduced their stakes in the stock. OxFORD Asset Management LLP increased its stake in OUTFRONT Media by 3.2% in the second quarter. OxFORD Asset Management LLP now owns 34,268 shares of the financial services provider’s stock valued at $792,000 after buying an additional 1,059 shares during the period. Dimensional Fund Advisors LP acquired a new stake in OUTFRONT Media during the second quarter valued at approximately $9,023,000. TLP Group LLC acquired a new stake in OUTFRONT Media during the second quarter valued at approximately $247,000. Sapience Investments LLC increased its stake in OUTFRONT Media by 5.3% in the second quarter. Sapience Investments LLC now owns 651,660 shares of the financial services provider’s stock valued at $15,066,000 after buying an additional 32,510 shares during the period. Finally, Piermont Capital Management Inc. increased its stake in OUTFRONT Media by 0.3% in the second quarter. Piermont Capital Management Inc. now owns 99,810 shares of the financial services provider’s stock valued at $2,308,000 after buying an additional 310 shares during the period.
Shares of OUTFRONT Media (OUT) traded down 0.76% on Friday, reaching $22.10. 959,422 shares of the company were exchanged. OUTFRONT Media has a 52 week low of $20.72 and a 52 week high of $27.89. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 29.51 and a beta of 1.13. The firm’s 50 day moving average price is $22.81 and its 200 day moving average price is $24.70.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 6.52%. The ex-dividend date of this dividend is Thursday, September 7th. OUTFRONT Media’s dividend payout ratio is presently 189.48%.
OUTFRONT Media Company Profile
OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.
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