OUTFRONT Media Inc. (NYSE:OUT) Given Consensus Rating of “Hold” by Brokerages

Shares of OUTFRONT Media Inc. (NYSE:OUT) have received a consensus rating of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $17.97.

A number of research analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on OUTFRONT Media from $22.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, May 9th. Morgan Stanley cut their price objective on OUTFRONT Media from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, May 1st. StockNews.com lowered OUTFRONT Media from a “hold” rating to a “sell” rating in a report on Monday, May 12th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $21.00 target price on shares of OUTFRONT Media in a report on Wednesday, April 23rd.

OUTFRONT Media Stock Up 0.9%

Shares of OUT stock opened at $16.52 on Friday. The stock’s 50-day simple moving average is $15.42 and its 200-day simple moving average is $17.51. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $2.76 billion, a PE ratio of 11.77, a P/E/G ratio of 1.06 and a beta of 1.84. OUTFRONT Media has a fifty-two week low of $12.95 and a fifty-two week high of $19.98.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm had revenue of $390.70 million during the quarter, compared to analyst estimates of $396.17 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. Equities analysts expect that OUTFRONT Media will post 1.59 earnings per share for the current year.

OUTFRONT Media Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, June 6th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 7.27%. The ex-dividend date of this dividend is Friday, June 6th. OUTFRONT Media’s dividend payout ratio (DPR) is 78.95%.

Institutional Trading of OUTFRONT Media

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Woodline Partners LP grew its holdings in OUTFRONT Media by 45.6% during the first quarter. Woodline Partners LP now owns 36,888 shares of the financial services provider’s stock worth $595,000 after acquiring an additional 11,559 shares during the period. Empowered Funds LLC grew its holdings in OUTFRONT Media by 12.4% during the first quarter. Empowered Funds LLC now owns 21,399 shares of the financial services provider’s stock worth $345,000 after acquiring an additional 2,357 shares during the period. Goldman Sachs Group Inc. grew its holdings in OUTFRONT Media by 9.9% during the first quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock worth $80,393,000 after acquiring an additional 448,993 shares during the period. Uniplan Investment Counsel Inc. boosted its position in OUTFRONT Media by 93.4% during the first quarter. Uniplan Investment Counsel Inc. now owns 430,812 shares of the financial services provider’s stock worth $6,953,000 after purchasing an additional 208,099 shares in the last quarter. Finally, Select Equity Group L.P. boosted its position in OUTFRONT Media by 574.2% during the first quarter. Select Equity Group L.P. now owns 486,506 shares of the financial services provider’s stock worth $7,852,000 after purchasing an additional 414,345 shares in the last quarter.

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.