OUTFRONT Media Inc. (NYSE:OUT) Receives Average Recommendation of “Hold” from Analysts

OUTFRONT Media Inc. (NYSE:OUT) has received a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $19.48.

Several research firms have weighed in on OUT. Barrington Research reiterated an “outperform” rating and set a $21.53 target price on shares of OUTFRONT Media in a report on Wednesday, November 13th. Morgan Stanley lifted their target price on OUTFRONT Media from $17.43 to $18.45 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th.

OUTFRONT Media Stock Down 0.4 %

NYSE:OUT opened at $18.53 on Tuesday. The stock’s fifty day simple moving average is $18.43 and its 200-day simple moving average is $18.45. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. The firm has a market capitalization of $3.00 billion, a P/E ratio of 13.21, a P/E/G ratio of 1.06 and a beta of 1.97. OUTFRONT Media has a 12-month low of $13.35 and a 12-month high of $19.50.

OUTFRONT Media (NYSE:OUT) last posted its earnings results on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.06. The firm had revenue of $493.20 million for the quarter, compared to analyst estimates of $490.42 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. Equities research analysts expect that OUTFRONT Media will post 1.59 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.48%. The ex-dividend date is Friday, March 7th. OUTFRONT Media’s dividend payout ratio is 81.63%.

Institutional Trading of OUTFRONT Media

Several hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of OUTFRONT Media by 1.9% in the 4th 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 stake in shares of OUTFRONT Media by 5.6% in the 4th 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. GAMMA Investing LLC raised its stake in shares of OUTFRONT Media by 19.3% in the 4th quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 613 shares during the period. Public Employees Retirement Association of Colorado increased its position in shares of 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 acquiring an additional 629 shares during the last quarter. Finally, Moody National Bank Trust Division increased its position in shares of OUTFRONT Media by 4.0% in the fourth quarter. Moody National Bank Trust Division now owns 18,028 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 698 shares during 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.