OUTFRONT Media (NYSE:OUT) Hits New 52-Week High at $17.02

OUTFRONT Media Inc. (NYSE:OUT)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $17.02 and last traded at $17.00, with a volume of 328235 shares traded. The stock had previously closed at $16.75.

Wall Street Analysts Forecast Growth

OUT has been the subject of several recent analyst reports. TheStreet upgraded shares of OUTFRONT Media from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. StockNews.com upgraded OUTFRONT Media from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.50.

OUTFRONT Media Stock Performance

The firm’s fifty day moving average price is $14.35 and its two-hundred day moving average price is $12.61. The stock has a market capitalization of $2.79 billion, a PE ratio of -6.29, a price-to-earnings-growth ratio of 1.06 and a beta of 1.86. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 4.39.

OUTFRONT Media Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, February 29th. This represents a $1.20 annualized dividend and a yield of 7.15%. OUTFRONT Media’s dividend payout ratio (DPR) is presently -44.94%.

Hedge Funds Weigh In On OUTFRONT Media

Institutional investors have recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC increased its position in OUTFRONT Media by 116.7% during the first quarter. Belpointe Asset Management LLC now owns 1,560 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 840 shares during the last quarter. State of Wyoming purchased a new position in OUTFRONT Media in the second quarter worth approximately $26,000. Spire Wealth Management acquired a new stake in OUTFRONT Media during the fourth quarter worth $28,000. Lazard Asset Management LLC acquired a new position in shares of OUTFRONT Media in the 1st quarter valued at $28,000. Finally, Versant Capital Management Inc increased its position in shares of OUTFRONT Media by 1,369.2% during the 4th quarter. Versant Capital Management Inc now owns 2,336 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 2,177 shares during the last quarter.

About OUTFRONT Media

OUTFRONT leverages the power of technology, location, and creativity to connect 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 technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.