OUTFRONT Media (NYSE:OUT) EVP Sells $156,750.00 in Stock

OUTFRONT Media Inc. (NYSE:OUT) EVP Richard Sauer sold 5,000 shares of OUTFRONT Media stock in a transaction on Monday, June 15th. The shares were sold at an average price of $31.35, for a total value of $156,750.00. Following the completion of the transaction, the executive vice president owned 86,947 shares in the company, valued at approximately $2,725,788.45. The trade was a 5.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OUTFRONT Media Price Performance

Shares of OUT traded down $0.07 during midday trading on Wednesday, hitting $31.17. The company’s stock had a trading volume of 1,628,239 shares, compared to its average volume of 1,690,310. OUTFRONT Media Inc. has a one year low of $15.45 and a one year high of $34.96. The company’s fifty day simple moving average is $31.13 and its two-hundred day simple moving average is $27.45. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 3.90. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 1.48 and a beta of 1.49.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. The company had revenue of $429.60 million for the quarter, compared to analyst estimates of $431.44 million. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 EPS. As a group, equities analysts expect that OUTFRONT Media Inc. will post 2.12 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, June 5th. This represents a $1.20 dividend on an annualized basis and a yield of 3.8%. OUTFRONT Media’s payout ratio is currently 114.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barrington Research set a $38.00 price objective on OUTFRONT Media in a research report on Tuesday, May 12th. Zacks Research lowered OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company boosted their price objective on OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. TD Cowen restated a “buy” rating and set a $38.00 price objective (up from $32.00) on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Finally, Wall Street Zen upgraded OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in OUTFRONT Media by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 22,654,899 shares of the financial services provider’s stock worth $545,983,000 after buying an additional 1,131,954 shares during the period. Cohen & Steers Inc. lifted its holdings in OUTFRONT Media by 2.2% during the 4th quarter. Cohen & Steers Inc. now owns 22,314,228 shares of the financial services provider’s stock worth $537,779,000 after buying an additional 486,192 shares during the period. State Street Corp lifted its holdings in OUTFRONT Media by 2.1% during the 4th quarter. State Street Corp now owns 5,483,013 shares of the financial services provider’s stock worth $132,141,000 after buying an additional 111,084 shares during the period. Goldman Sachs Group Inc. lifted its holdings in 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 worth $80,393,000 after buying an additional 448,993 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of OUTFRONT Media by 8.4% in the 4th quarter. Wellington Management Group LLP now owns 4,309,133 shares of the financial services provider’s stock valued at $103,850,000 after purchasing an additional 335,265 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.