OUTFRONT Media Inc. $OUT Shares Sold by Strs Ohio

Key Points

• STRS Ohio cut its stake in OUTFRONT Media by 78.1%, selling 304,700 shares in Q4 and leaving the fund with 85,429 shares worth about $2.06 million.
• OUTFRONT missed Q4 EPS at $0.55 versus $0.71 expected while reporting $513.3M in revenue, and it pays a $0.30 quarterly dividend (3.9% yield) with a high payout ratio of 150%.
• Company insiders sold shares recently (EVP Matthew Siegel sold 50,000 at $25.79; Director Manuel Diaz sold 11,271), the stock has a $5.47B market cap, and analysts hold a consensus "Moderate Buy" with a $27.86 target.

Strs Ohio reduced its stake in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 78.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,429 shares of the financial services provider's stock after selling 304,700 shares during the period. Strs Ohio owned 0.05% of OUTFRONT Media worth $2,059,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new stake in OUTFRONT Media during the 3rd quarter valued at $29,000. Farther Finance Advisors LLC raised its holdings in shares of OUTFRONT Media by 157.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider's stock worth $56,000 after acquiring an additional 1,431 shares during the last quarter. IFP Advisors Inc lifted its position in shares of OUTFRONT Media by 16.5% in the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider's stock valued at $78,000 after acquiring an additional 582 shares in the last quarter. State of Wyoming lifted its position in shares of OUTFRONT Media by 155.5% in the second quarter. State of Wyoming now owns 7,973 shares of the financial services provider's stock valued at $130,000 after acquiring an additional 4,853 shares in the last quarter. Finally, Rossby Financial LCC boosted its stake in shares of OUTFRONT Media by 14.2% during the third quarter. Rossby Financial LCC now owns 7,942 shares of the financial services provider's stock valued at $144,000 after acquiring an additional 989 shares during the last quarter.

OUTFRONT Media Stock Up 0.2%

OUT opened at $31.07 on Wednesday. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 38.84, a price-to-earnings-growth ratio of 1.50 and a beta of 1.50. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.92 and a quick ratio of 0.92. The business has a 50-day moving average of $28.25 and a two-hundred day moving average of $24.79. OUTFRONT Media Inc. has a 12 month low of $14.45 and a 12 month high of $31.89.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.16). The business had revenue of $513.30 million for the quarter, compared to analyst estimates of $511.61 million. OUTFRONT Media had a net margin of 8.03% and a return on equity of 24.86%. On average, research analysts expect that OUTFRONT Media Inc. will post 2.07 earnings per share for the current year.

OUTFRONT Media Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, March 6th. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. OUTFRONT Media's dividend payout ratio (DPR) is currently 150.00%.

Insider Transactions at OUTFRONT Media

In other news, EVP Matthew Siegel sold 50,000 shares of OUTFRONT Media stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $25.79, for a total transaction of $1,289,500.00. Following the sale, the executive vice president directly owned 289,925 shares of the company's stock, valued at approximately $7,477,165.75. The trade was a 14.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Manuel A. Diaz sold 11,271 shares of the business's stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $26.93, for a total value of $303,528.03. Following the completion of the transaction, the director owned 36,244 shares in the company, valued at approximately $976,050.92. This trade represents a 23.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on OUT. Zacks Research cut OUTFRONT Media from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 3rd. Wells Fargo & Company raised their price target on shares of OUTFRONT Media from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, February 27th. TD Cowen lifted their price target on shares of OUTFRONT Media from $24.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. Finally, Barrington Research boosted their price objective on shares of OUTFRONT Media from $27.00 to $33.00 and gave the company an "outperform" rating in a research report on Monday, March 2nd. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.86.

OUTFRONT Media Profile

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.

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