OUTFRONT Media (NYSE:OUT) Shares Gap Down to $16.04

OUTFRONT Media Inc. (NYSE:OUT) gapped down before the market opened on Friday . The stock had previously closed at $16.04, but opened at $14.65. OUTFRONT Media shares last traded at $14.59, with a volume of 876,888 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on OUT shares. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price target on shares of OUTFRONT Media in a research note on Friday. StockNews.com raised OUTFRONT Media from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, TheStreet raised OUTFRONT Media from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, OUTFRONT Media currently has a consensus rating of “Hold” and an average target price of $14.75.

OUTFRONT Media Trading Down 5.9 %

The firm has a market capitalization of $2.50 billion, a P/E ratio of -5.47, a price-to-earnings-growth ratio of 1.06 and a beta of 1.87. The firm has a 50 day moving average price of $15.74 and a two-hundred day moving average price of $13.68. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.67 and a current ratio of 0.67.

OUTFRONT Media Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a $0.30 dividend. The ex-dividend date is Friday, June 7th. This represents a $1.20 annualized dividend and a dividend yield of 7.95%. OUTFRONT Media’s dividend payout ratio (DPR) is presently -44.94%.

Institutional Trading of OUTFRONT Media

Several hedge funds and other institutional investors have recently modified their holdings of OUT. Spire Wealth Management acquired a new stake in shares of OUTFRONT Media in the fourth quarter worth $28,000. Versant Capital Management Inc raised its holdings in shares of OUTFRONT Media by 1,369.2% during the fourth quarter. Versant Capital Management Inc now owns 2,336 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 2,177 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of OUTFRONT Media during the first quarter worth $33,000. Allworth Financial LP raised its holdings in shares of OUTFRONT Media by 52.7% during the fourth quarter. Allworth Financial LP now owns 2,534 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 874 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of OUTFRONT Media by 55.7% during the third quarter. Fifth Third Bancorp now owns 4,326 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 1,547 shares in the last quarter.

OUTFRONT Media Company Profile

OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.