OUTFRONT Media Inc. (NYSE:OUT) EVP Richard H. Sauer Sells 29,891 Shares

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) EVP Richard H. Sauer sold 29,891 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $15.79, for a total transaction of $471,978.89. Following the completion of the sale, the executive vice president now directly owns 90,945 shares of the company's stock, valued at $1,436,021.55. The trade was a 24.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

OUTFRONT Media Stock Up 1.0%

NYSE:OUT traded up $0.16 during mid-day trading on Thursday, reaching $15.89. The stock had a trading volume of 1,108,332 shares, 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. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 0.96 and a beta of 1.89. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year high of $19.98. The stock's 50 day simple moving average is $15.69 and its two-hundred day simple moving average is $17.05.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its earnings results on Thursday, May 8th. The financial services provider reported $0.14 EPS 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 during the quarter, compared to analyst estimates of $396.17 million. Equities analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have commented on OUT shares. Wells Fargo & Company reduced their price objective on OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Citigroup restated a "buy" rating and issued a $19.00 price target (up previously from $17.00) on shares of OUTFRONT Media in a report on Thursday, May 29th. Wall Street Zen downgraded shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research report on Monday, May 12th. Morgan Stanley reduced their target price on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. lowered their price target on shares of OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, OUTFRONT Media has an average rating of "Hold" and a consensus target price of $18.23.

Institutional Trading of OUTFRONT Media

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

OUTFRONT Media Company Profile

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.