State of New Jersey Common Pension Fund D Makes New $2.34 Million Investment in OUTFRONT Media Inc. $OUT

Key Points

• State of New Jersey Common Pension Fund D opened a new position in OUTFRONT Media, buying 96,894 shares worth about $2.34 million, representing roughly 0.06% ownership.
• OUTFRONT reported a strong Q1 with FFO/AFFO and EPS beats, revenue up ~10% year‑over‑year, declared a $0.30 quarterly dividend (annualized yield ~3.7%), and saw multiple analyst price‑target raises that leave a consensus rating of “Moderate Buy” (avg. target ~$28.86).
• Risks include high leverage (debt/equity ~3.6) and liquidity ratios under 1.0 plus an elevated P/E (~41); additionally, insiders including a director and an EVP recently sold shares, trimming their holdings.

State of New Jersey Common Pension Fund D bought a new position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 96,894 shares of the financial services provider's stock, valued at approximately $2,335,000. State of New Jersey Common Pension Fund D owned 0.06% of OUTFRONT Media as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in OUTFRONT Media in the third quarter worth $29,000. Farther Finance Advisors LLC raised its holdings in 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 purchasing an additional 1,431 shares during the period. IFP Advisors Inc increased its position in shares of OUTFRONT Media by 16.5% during the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider's stock worth $78,000 after acquiring an additional 582 shares in the last quarter. State of Wyoming increased its position in shares of OUTFRONT Media by 155.5% during the second quarter. State of Wyoming now owns 7,973 shares of the financial services provider's stock worth $130,000 after acquiring an additional 4,853 shares in the last quarter. Finally, Rossby Financial LCC increased its position 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 worth $144,000 after acquiring an additional 989 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on OUT shares. Wells Fargo & Company increased their price objective on shares of OUTFRONT Media from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, February 27th. TD Cowen increased their price objective on shares of OUTFRONT Media from $24.00 to $32.00 and gave the stock a "buy" rating in a research report on Thursday, February 26th. Barrington Research increased their price objective on shares of OUTFRONT Media from $27.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday, March 2nd. Morgan Stanley reissued an "overweight" rating and set a $35.00 price objective on shares of OUTFRONT Media in a research report on Thursday. Finally, Zacks Research downgraded shares of OUTFRONT Media from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 3rd. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $28.86.

Insiders Place Their Bets

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

Key Stories Impacting OUTFRONT Media

Here are the key news stories impacting OUTFRONT Media this week:

• Positive Sentiment: FFO/AFFO and earnings beat: OUT reported FFO (AFFO) of $0.34 per share vs. consensus/estimates that were lower, a material improvement from $0.14 a year ago — a clear positive for cash-flow valuation metrics. Outfront Beats Q1 FFO
• Positive Sentiment: Operational results beat guidance: Revenue rose ~10% y/y to $429.6M, adjusted OIBDA and AFFO came in above the company’s guidance and management framed the quarter as continued strong performance. Those beats underpin the stock’s move. Press Release: Q1 Results
• Positive Sentiment: Dividend declared: Board approved a $0.30 quarterly cash dividend payable June 30, which supports yield-seeking investors and signals confidence in near-term cash generation. Dividend Announcement
• Positive Sentiment: Analyst estimate upgrades: Zacks Research has nudged near‑term and multi‑year EPS/FFO estimates higher (and kept a Hold rating), reflecting improved visible results and raising consensus expectations. Zacks Coverage/Notes
• Neutral Sentiment: Investor materials available: Company released the press release, slide deck and hosted a conference call/transcript — useful for investors who want management color on ad demand, pricing and regional trends. Earnings Call Transcript Slide Deck / Press Release
• Negative Sentiment: Slight revenue miss vs. consensus: Revenue ($429.6M) was a hair below the consensus figure (~$431.4M), which tempers the beat on cash metrics and could prompt closer scrutiny of demand trends. MarketBeat Q1 Snapshot
• Negative Sentiment: Balance‑sheet & valuation risks: OUT carries high leverage (debt/equity ~3.6) and liquidity ratios under 1.0; the shares also trade at a elevated multiple (P/E ~41), which raises sensitivity to slower ad spending. Stock Profile / Metrics

OUTFRONT Media Stock Up 3.5%

Shares of OUT stock opened at $32.86 on Friday. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 41.07, a P/E/G ratio of 1.53 and a beta of 1.50. OUTFRONT Media Inc. has a 12-month low of $14.45 and a 12-month high of $33.08. The firm has a fifty day moving average of $28.49 and a 200-day moving average of $25.00. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.63.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.27. The business had revenue of $429.60 million during the quarter, compared to the consensus estimate of $431.44 million. OUTFRONT Media had a net margin of 8.03% and a return on equity of 24.86%. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. As a group, equities research analysts predict that OUTFRONT Media Inc. will post 2.08 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. OUTFRONT Media's dividend payout ratio (DPR) is 150.00%.

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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