OUTFRONT Media (NYSE:OUT) Hits New 1-Year High – Should You Buy?

Shares of OUTFRONT Media Inc. (NYSE:OUT) hit a new 52-week high during trading on Friday . The company traded as high as $24.89 and last traded at $24.8720, with a volume of 123573 shares traded. The stock had previously closed at $24.44.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on OUT shares. New Street Research set a $24.00 target price on OUTFRONT Media in a report on Tuesday, November 11th. TD Cowen upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, November 11th. Citigroup reaffirmed a “buy” rating and issued a $23.00 price objective (up previously from $20.00) on shares of OUTFRONT Media in a report on Wednesday, November 12th. Cowen raised OUTFRONT Media from a “hold” rating to a “buy” rating in a research note on Tuesday, November 11th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $27.00 price objective (up previously from $23.00) on shares of OUTFRONT Media in a report on Thursday, December 18th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $24.57.

OUTFRONT Media Price Performance

The business’s fifty day simple moving average is $23.31 and its 200 day simple moving average is $19.86. The company has a debt-to-equity ratio of 4.75, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 36.66, a price-to-earnings-growth ratio of 1.21 and a beta of 1.57.

OUTFRONT Media (NYSE:OUT) last issued its earnings results on Thursday, November 6th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.21). The business had revenue of $467.50 million during the quarter, compared to the consensus estimate of $458.32 million. OUTFRONT Media had a return on equity of 21.56% and a net margin of 6.86%.The business’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. Research analysts predict that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th were given a dividend of $0.30 per share. The ex-dividend date was Friday, December 5th. This represents a $1.20 annualized dividend and a dividend yield of 4.8%. OUTFRONT Media’s dividend payout ratio is currently 176.47%.

Insider Transactions at OUTFRONT Media

In other news, Director Manuel A. Diaz sold 11,270 shares of OUTFRONT Media stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $22.18, for a total value of $249,968.60. Following the transaction, the director owned 58,786 shares of the company’s stock, valued at $1,303,873.48. The trade was a 16.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.47% of the stock is owned by insiders.

Institutional Trading of OUTFRONT Media

Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its stake in shares of OUTFRONT Media by 9.9% in the first quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock worth $80,393,000 after acquiring an additional 448,993 shares during the last quarter. Wellington Management Group LLP boosted its holdings in OUTFRONT Media by 15.3% during the third quarter. Wellington Management Group LLP now owns 3,973,868 shares of the financial services provider’s stock valued at $72,801,000 after acquiring an additional 527,258 shares during the period. Lasalle Investment Management Securities LLC grew its holdings in OUTFRONT Media by 24.0% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 3,925,402 shares of the financial services provider’s stock valued at $64,063,000 after buying an additional 758,952 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in shares of OUTFRONT Media by 10.5% in the second quarter. Qube Research & Technologies Ltd now owns 2,888,621 shares of the financial services provider’s stock valued at $47,142,000 after purchasing an additional 275,023 shares in the last quarter. Finally, GRS Advisors LLC increased its holdings in OUTFRONT Media by 12.8% in the 3rd quarter. GRS Advisors LLC now owns 2,468,232 shares of the financial services provider’s stock valued at $45,218,000 after buying an additional 279,326 shares during the period.

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.