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 company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $15.79, for a total value 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 approximately $1,436,021.55. This represents a 24.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

OUTFRONT Media Trading Down 0.6%

OUT stock traded down $0.10 on Tuesday, reaching $15.76. The company's stock had a trading volume of 1,407,140 shares, compared to its average volume of 1,651,072. The business has a fifty day simple moving average of $15.64 and a two-hundred day simple moving average of $17.08. OUTFRONT Media Inc. has a 12-month low of $12.95 and a 12-month high of $19.98. The firm has a market cap of $2.63 billion, a PE ratio of 10.37, a PEG ratio of 0.96 and a beta of 1.89. The company has a debt-to-equity ratio of 4.37, a quick ratio of 0.61 and a current ratio of 0.61.

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

OUTFRONT Media Dividend Announcement

The company 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. The ex-dividend date was Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a yield of 7.62%. OUTFRONT Media's dividend payout ratio (DPR) is 78.95%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Morgan Stanley dropped their price objective on OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. dropped their price objective 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. Wall Street Zen lowered OUTFRONT Media from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. Barrington Research reissued an "outperform" rating and set a $21.00 price objective on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company dropped their price objective on OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. 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.com, the company presently has an average rating of "Hold" and a consensus price target of $18.23.

Hedge Funds Weigh In On OUTFRONT Media

A number of institutional investors have recently added to or reduced their stakes in OUT. SVB Wealth LLC bought a new position in OUTFRONT Media in the first quarter worth $28,000. Loomis Sayles & Co. L P bought a new position in OUTFRONT Media in the fourth quarter worth $47,000. Sterling Capital Management LLC raised its holdings 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 worth $51,000 after purchasing an additional 2,522 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in OUTFRONT Media by 158.2% in the first 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 in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in OUTFRONT Media by 155.5% in 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 in the last quarter.

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.