OUTFRONT Media (NYSE:OUT) Reaches New 52-Week Low – Should You Sell?

OUTFRONT Media Inc. (NYSE:OUT)’s share price reached a new 52-week low on Monday . The stock traded as low as $13.14 and last traded at $13.25, with a volume of 238720 shares changing hands. The stock had previously closed at $13.95.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised their price target on OUTFRONT Media from $17.43 to $18.45 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, OUTFRONT Media currently has an average rating of “Hold” and a consensus target price of $19.48.

OUTFRONT Media Trading Up 0.8 %

The company has a 50 day simple moving average of $17.58 and a 200 day simple moving average of $18.36. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00. The stock has a market capitalization of $2.35 billion, a PE ratio of 10.10, a P/E/G ratio of 1.06 and a beta of 1.79.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The business had revenue of $493.20 million during the quarter, compared to analysts’ expectations of $490.42 million. Analysts predict that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 8.53%. The ex-dividend date was Friday, March 7th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 81.63%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OUT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of OUTFRONT Media by 109.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 379,245 shares of the financial services provider’s stock worth $6,971,000 after purchasing an additional 198,528 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of OUTFRONT Media in the third quarter valued at $108,000. Stifel Financial Corp raised its stake in shares of OUTFRONT Media by 5.6% during the 3rd quarter. Stifel Financial Corp now owns 102,212 shares of the financial services provider’s stock worth $1,879,000 after buying an additional 5,412 shares during the last quarter. Weiss Asset Management LP purchased a new stake in OUTFRONT Media in the 3rd quarter valued at approximately $1,502,000. Finally, Jane Street Group LLC grew its holdings in shares of OUTFRONT Media by 55.3% during the third quarter. Jane Street Group LLC now owns 247,061 shares of the financial services provider’s stock worth $4,541,000 after buying an additional 87,971 shares in the last quarter.

OUTFRONT Media Company Profile

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.