Analysts Set OUTFRONT Media Inc. (NYSE:OUT) PT at $18.23

Shares of OUTFRONT Media Inc. (NYSE:OUT) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $18.23.

Several brokerages have recently commented on OUT. Wall Street Zen downgraded shares of OUTFRONT Media from a “hold” rating to a “sell” rating in a report on Monday, May 12th. Barrington Research reiterated an “outperform” rating and issued a $21.00 price objective on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their target price on shares of OUTFRONT Media from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 21st. Morgan Stanley reduced their target price on OUTFRONT Media from $18.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, May 1st. Finally, Wells Fargo & Company decreased their price target on OUTFRONT Media from $22.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, May 9th.

OUTFRONT Media Stock Up 1.0%

Shares of NYSE:OUT opened at $15.89 on Thursday. The company has a debt-to-equity ratio of 4.37, a quick ratio of 0.61 and a current ratio of 0.61. OUTFRONT Media has a 52-week low of $12.95 and a 52-week high of $19.98. The business’s 50 day simple moving average is $15.65 and its two-hundred day simple moving average is $17.07. The firm has a market cap of $2.66 billion, a P/E ratio of 10.46, a PEG ratio of 0.96 and a beta of 1.89.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $390.70 million for the quarter, compared to analyst estimates of $396.17 million. OUTFRONT Media had a return on equity of 42.24% and a net margin of 14.60%. As a group, research analysts forecast that OUTFRONT Media will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, June 6th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.55%. OUTFRONT Media’s dividend payout ratio (DPR) is currently 78.95%.

Insider Transactions at OUTFRONT Media

In related news, EVP Richard H. Sauer sold 20,109 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The stock was 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 owns 70,836 shares in the company, valued at $1,124,875.68. The trade was a 22.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.47% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Voya Investment Management LLC grew its holdings in shares of OUTFRONT Media by 45.8% in the first quarter. Voya Investment Management LLC now owns 130,623 shares of the financial services provider’s stock worth $2,108,000 after purchasing an additional 41,043 shares during the last quarter. Anson Funds Management LP purchased a new stake in OUTFRONT Media during the 1st quarter valued at $1,049,000. Strs Ohio bought a new stake in OUTFRONT Media in the 1st quarter worth $6,671,000. Advisors Capital Management LLC purchased a new position in shares of OUTFRONT Media in the first quarter valued at about $22,330,000. Finally, Intech Investment Management LLC increased its position in shares of OUTFRONT Media by 18.1% in the first quarter. Intech Investment Management LLC now owns 98,774 shares of the financial services provider’s stock valued at $1,594,000 after acquiring an additional 15,145 shares during the period.

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.