OUTFRONT Media Inc. (NYSE:OUT) EVP Richard H. Sauer Sells 20,109 Shares of Stock

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) EVP Richard H. Sauer sold 20,109 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $15.88, for a total transaction of $319,330.92. Following the completion of the transaction, the executive vice president now owns 70,836 shares in the company, valued at approximately $1,124,875.68. This trade represents a 22.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

OUTFRONT Media Trading Up 1.0%

Shares of OUT stock traded up $0.16 on Thursday, reaching $15.89. 1,108,332 shares of the stock were exchanged, compared to its average volume of 1,652,062. The company has a debt-to-equity ratio of 4.37, a current ratio of 0.61 and a quick ratio of 0.61. OUTFRONT Media Inc. has a one year low of $12.95 and a one year high of $19.98. The stock has a market cap of $2.66 billion, a PE ratio of 10.46, a P/E/G ratio of 0.96 and a beta of 1.89. The stock has a 50 day moving average price of $15.69 and a 200 day moving average price of $17.05.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). OUTFRONT Media had a return on equity of 42.24% and a net margin of 14.60%. The firm had revenue of $390.70 million for the quarter, compared to the consensus estimate of $396.17 million. Equities research analysts forecast that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, June 6th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date was Friday, June 6th. OUTFRONT Media's dividend payout ratio (DPR) is 78.95%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OUT. Wells Fargo & Company cut their target price on shares of OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Wall Street Zen downgraded OUTFRONT Media from a "hold" rating to a "sell" rating in a research report on Monday, May 12th. Barrington Research reissued an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their target price on OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. Finally, Citigroup reaffirmed a "buy" rating and issued a $19.00 price target (up from $17.00) on shares of OUTFRONT Media in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $18.23.

Hedge Funds Weigh In On OUTFRONT Media

Several large investors have recently bought and sold shares of OUT. SVB Wealth LLC acquired a new stake in OUTFRONT Media during the 1st quarter worth $28,000. Loomis Sayles & Co. L P acquired a new position in shares of OUTFRONT Media in the 4th quarter valued at $47,000. Sterling Capital Management LLC boosted its position in shares of OUTFRONT Media by 672.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock worth $51,000 after purchasing an additional 2,522 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of OUTFRONT Media by 158.2% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,331 shares of the financial services provider's stock worth $54,000 after purchasing an additional 2,041 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of OUTFRONT Media by 155.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider's stock worth $73,000 after purchasing an additional 2,555 shares during the period.

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.