OUTFRONT Media (NYSE:OUT) EVP Matthew Siegel Sells 50,000 Shares of Stock

Key Points

• EVP Matthew Siegel sold 50,000 shares on March 31 at an average price of $25.79 for $1,289,500, reducing his stake by 14.71% to 289,925 shares; the transaction was disclosed in an SEC filing and executed under a pre-arranged Rule 10b5-1 trading plan.
• OUTFRONT paid a $0.30 quarterly dividend (annualized $1.20), implying a 4.4% dividend yield150%, suggesting the dividend is high relative to current earnings.
• Wall Street sentiment is broadly positive with six Buys and one Hold, an average rating of "Moderate Buy" and an average price target of $27.86, while the stock recently traded around $27.14 and carries a P/E of about 33.9.

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) EVP Matthew Siegel sold 50,000 shares of the business's stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $25.79, for a total value of $1,289,500.00. Following the completion of the transaction, the executive vice president owned 289,925 shares of the company's stock, valued at $7,477,165.75. This represents a 14.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OUTFRONT Media Stock Performance

Shares of NYSE:OUT traded up $0.49 during midday trading on Thursday, reaching $27.14. 1,120,364 shares of the company's stock traded hands, compared to its average volume of 1,425,974. 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 one year low of $12.95 and a one year high of $29.27. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 33.92, a P/E/G ratio of 1.30 and a beta of 1.51. The stock has a 50 day moving average of $26.47 and a 200 day moving average of $23.02.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its quarterly earnings data 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 business had revenue of $513.30 million during the quarter, compared to the consensus estimate of $511.61 million. OUTFRONT Media had a return on equity of 24.86% and a net margin of 8.03%. As a group, equities research analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th were paid a $0.30 dividend. The ex-dividend date was Friday, March 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.4%. OUTFRONT Media's payout ratio is currently 150.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on OUT shares. Barrington Research increased 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. Morgan Stanley raised shares of OUTFRONT Media from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $20.00 to $28.00 in a research report on Tuesday, December 16th. Zacks Research lowered shares of OUTFRONT Media from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 3rd. Wells Fargo & Company increased their price target on OUTFRONT Media from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, February 27th. Finally, TD Cowen raised their price target on OUTFRONT Media from $24.00 to $32.00 and gave the stock a "buy" rating in a research note 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's stock. According to data from MarketBeat.com, OUTFRONT Media has an average rating of "Moderate Buy" and an average price target of $27.86.

Hedge Funds Weigh In On OUTFRONT Media

Several institutional investors and hedge funds have recently bought and sold shares of OUT. AQR Capital Management LLC increased its position in OUTFRONT Media by 9.3% in the first quarter. AQR Capital Management LLC now owns 130,411 shares of the financial services provider's stock worth $2,105,000 after buying an additional 11,073 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of OUTFRONT Media by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,971 shares of the financial services provider's stock valued at $1,388,000 after buying an additional 1,739 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of OUTFRONT Media by 9.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider's stock valued at $80,393,000 after buying an additional 448,993 shares in the last quarter. Empowered Funds LLC grew its stake in shares of OUTFRONT Media by 12.4% during the 1st quarter. Empowered Funds LLC now owns 21,399 shares of the financial services provider's stock valued at $345,000 after acquiring an additional 2,357 shares during the period. Finally, Woodline Partners LP grew its stake in shares of OUTFRONT Media by 45.6% during the 1st quarter. Woodline Partners LP now owns 36,888 shares of the financial services provider's stock valued at $595,000 after acquiring an additional 11,559 shares during the period.

OUTFRONT Media Company 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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