Manuel Diaz Sells 11,271 Shares of OUTFRONT Media (NYSE:OUT) Stock

Key Points

• Director Manuel Diaz sold 11,271 shares of OUTFRONT Media on March 23 at an average price of $26.93 for $303,528, reducing his stake by 23.72% to 36,244 shares (worth about $976,051).
• OUTFRONT declared a quarterly dividend of $0.30 per share (annualized $1.20, yield 4.4%) with an ex-dividend date of March 6 and payment on March 31, though the payout ratio is a high 150%.
• The company reported $0.55 EPS vs. $0.71 expected (revenue $513.3M slightly above estimates), and analysts have mostly raised targets, leaving a "Moderate Buy" consensus with an average price target of $27.86.

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) Director Manuel Diaz sold 11,271 shares of OUTFRONT Media stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $26.93, for a total transaction of $303,528.03. Following the sale, the director directly owned 36,244 shares in the company, valued at $976,050.92. This trade represents a 23.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

OUTFRONT Media Price Performance

Shares of OUT traded up $1.12 during trading hours on Monday, reaching $27.41. The stock had a trading volume of 1,597,536 shares, compared to its average volume of 1,734,506. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.92 and a current ratio of 0.92. OUTFRONT Media Inc. has a 12 month low of $12.95 and a 12 month high of $29.27. The stock has a market capitalization of $4.82 billion, a PE ratio of 13.50, a PEG ratio of 1.29 and a beta of 1.51. The company's 50-day moving average is $26.22 and its two-hundred day moving average is $22.67.

OUTFRONT Media (NYSE:OUT - Get Free Report) last posted its earnings results on Wednesday, February 25th. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.16). The firm had revenue of $513.30 million during the quarter, compared to the consensus estimate of $511.61 million. OUTFRONT Media had a net margin of 8.03% and a return on equity of 24.86%. Research analysts expect that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, March 6th. OUTFRONT Media's dividend payout ratio is 150.00%.

Hedge Funds Weigh In On OUTFRONT Media

Institutional investors have recently added to or reduced their stakes in the business. CWM LLC raised its holdings in shares of OUTFRONT Media by 5.5% in the 4th quarter. CWM LLC now owns 8,682 shares of the financial services provider's stock worth $209,000 after acquiring an additional 453 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in OUTFRONT Media by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 21,383 shares of the financial services provider's stock valued at $515,000 after purchasing an additional 468 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in OUTFRONT Media by 1.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 33,256 shares of the financial services provider's stock worth $801,000 after purchasing an additional 500 shares in the last quarter. IFP Advisors Inc increased its holdings in OUTFRONT Media by 16.5% during the 3rd quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider's stock worth $78,000 after purchasing an additional 582 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of OUTFRONT Media by 1.4% in the third quarter. Arizona State Retirement System now owns 42,023 shares of the financial services provider's stock worth $770,000 after purchasing an additional 591 shares during the last quarter.

Analysts Set New Price Targets

OUT has been the topic of several analyst reports. Wells Fargo & Company boosted their price objective 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. Zacks Research lowered OUTFRONT Media from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 3rd. Barrington Research lifted their target price on OUTFRONT Media from $27.00 to $33.00 and gave the stock an "outperform" rating in a report on Monday, March 2nd. Morgan Stanley upgraded OUTFRONT Media from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $20.00 to $28.00 in a research report on Tuesday, December 16th. Finally, TD Cowen raised their price objective on OUTFRONT Media from $24.00 to $32.00 and gave the stock a "buy" rating in a research report on Thursday, February 26th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, OUTFRONT Media has an average rating of "Moderate Buy" and an average price target of $27.86.

About OUTFRONT Media

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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