OUTFRONT Media Inc. (NYSE:OUT) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts remain broadly positive: OUTFRONT Media has a “Moderate Buy” consensus, with six buy ratings and one hold. The average 12-month price target is $34, while recent targets range from $37 to $40.
• The company raised its quarterly dividend to $0.33 from $0.30, implying an annualized dividend of $1.32 and a 4.4% yield. The payout ratio is 86.33%.
• OUTFRONT Media shares opened at $30.00, compared with a 52-week range of $16.64 to $34.96. Insider activity was mixed, with one executive buying shares while another sold 5,000 shares; insiders own 0.45% of the company.

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $34.00.

Several research analysts have recently commented on OUT shares. Barrington Research set a $38.00 price target on OUTFRONT Media in a research report on Tuesday, May 12th. TD Cowen reaffirmed a "buy" rating and set a $40.00 price objective (up from $38.00) on shares of OUTFRONT Media in a research report on Thursday. Wall Street Zen lowered OUTFRONT Media from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 26th. Wells Fargo & Company boosted their target price on shares of OUTFRONT Media from $35.00 to $38.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Finally, Morgan Stanley set a $37.00 price target on shares of OUTFRONT Media in a research report on Friday, May 8th.

Insider Activity at OUTFRONT Media

In other news, EVP James Michael Norton purchased 4,130 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average cost of $30.81 per share, with a total value of $127,245.30. Following the completion of the acquisition, the executive vice president owned 4,130 shares of the company's stock, valued at approximately $127,245.30. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard H. Sauer sold 5,000 shares of the firm's stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total value of $160,400.00. Following the sale, the executive vice president owned 56,947 shares in the company, valued at $1,826,859.76. This trade represents a 8.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 20,000 shares of company stock worth $629,600. 0.45% of the stock is owned by insiders.

Institutional Investors Weigh In On OUTFRONT Media

Several institutional investors have recently bought and sold shares of OUT. Advisory Services Network LLC acquired a new stake in shares of OUTFRONT Media in the 3rd quarter worth $29,000. Trust Co. of Vermont acquired a new position in shares of OUTFRONT Media during the 2nd quarter valued at about $34,000. EverSource Wealth Advisors LLC grew its holdings in shares of OUTFRONT Media by 74.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,610 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 686 shares during the period. Farther Finance Advisors LLC grew 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 valued at $56,000 after purchasing an additional 1,431 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in OUTFRONT Media during the fourth quarter worth about $71,000.

OUTFRONT Media Stock Performance

Shares of OUTFRONT Media stock opened at $30.00 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 3.50. The stock's fifty day moving average is $32.02 and its two-hundred day moving average is $29.68. OUTFRONT Media has a 52 week low of $16.64 and a 52 week high of $34.96. The company has a market capitalization of $5.28 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 1.48 and a beta of 1.49.

OUTFRONT Media Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be issued a $0.33 dividend. This is a boost from OUTFRONT Media's previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Friday, September 4th. OUTFRONT Media's dividend payout ratio is 86.33%.

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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