Richard H. Sauer Sells 20,109 Shares of OUTFRONT Media Inc. (NYSE:OUT) Stock

OUTFRONT Media Inc. (NYSE:OUT) EVP Richard H. Sauer sold 20,109 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $15.88, for a total value of $319,330.92. Following the completion of the sale, the executive vice president now directly owns 70,836 shares in the company, valued at approximately $1,124,875.68. The trade was a 22.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

OUTFRONT Media Stock Performance

Shares of OUTFRONT Media stock opened at $15.76 on Wednesday. OUTFRONT Media Inc. has a one year low of $12.95 and a one year high of $19.98. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 0.96 and a beta of 1.89. The company has a debt-to-equity ratio of 4.37, a quick ratio of 0.61 and a current ratio of 0.61. The business’s 50 day moving average price is $15.64 and its 200 day moving average price is $17.08.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). OUTFRONT Media had a return on equity of 42.24% and a net margin of 14.60%. The company had revenue of $390.70 million for the quarter, compared to analysts’ expectations of $396.17 million. On average, research analysts predict that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, June 6th were given a $0.30 dividend. The ex-dividend date was Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a yield of 7.62%. OUTFRONT Media’s dividend payout ratio is currently 78.95%.

Institutional Investors Weigh In On OUTFRONT Media

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in OUTFRONT Media by 1.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,005 shares of the financial services provider’s stock valued at $532,000 after purchasing an additional 558 shares during the period. Nissay Asset Management Corp Japan ADV raised its position in OUTFRONT Media by 5.6% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,237 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 596 shares during the period. Public Employees Retirement Association of Colorado raised its position in OUTFRONT Media by 4.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 15,993 shares of the financial services provider’s stock valued at $284,000 after purchasing an additional 629 shares during the period. Victory Capital Management Inc. raised its position in OUTFRONT Media by 2.8% in the fourth quarter. Victory Capital Management Inc. now owns 26,340 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 706 shares during the period. Finally, Signaturefd LLC raised its position in OUTFRONT Media by 8.5% in the first quarter. Signaturefd LLC now owns 9,203 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 722 shares during the period.

Analyst Ratings Changes

OUT has been the topic of a number of research analyst reports. Wall Street Zen lowered OUTFRONT Media from a “hold” rating to a “sell” rating in a research note on Monday, May 12th. Wells Fargo & Company lowered their price target on OUTFRONT Media from $22.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, May 9th. JPMorgan Chase & Co. lowered their price target on OUTFRONT Media from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 21st. Morgan Stanley lowered their price target on OUTFRONT Media from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 1st. Finally, Citigroup reaffirmed a “buy” rating and issued a $19.00 price target (up from $17.00) on shares of OUTFRONT Media in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $18.23.

About OUTFRONT Media

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.