OUTFRONT Media (NYSE:OUT) EVP Richard Sauer Sells 5,000 Shares of Stock

OUTFRONT Media Inc. (NYSE:OUT) EVP Richard Sauer sold 5,000 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $31.13, for a total transaction of $155,650.00. Following the completion of the sale, the executive vice president directly owned 66,947 shares in the company, valued at approximately $2,084,060.11. This represents a 6.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

OUTFRONT Media Price Performance

OUT opened at $32.06 on Wednesday. The business has a fifty day moving average of $31.36 and a 200 day moving average of $27.68. OUTFRONT Media Inc. has a 52-week low of $15.56 and a 52-week high of $34.96. 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 cap of $5.64 billion, a P/E ratio of 30.53, a PEG ratio of 1.48 and a beta of 1.49.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.06. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The company had revenue of $429.60 million for the quarter, compared to analysts’ expectations of $431.44 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. OUTFRONT Media’s revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that OUTFRONT Media Inc. will post 2.12 EPS for the current year.

OUTFRONT Media Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. OUTFRONT Media’s dividend payout ratio (DPR) is currently 114.29%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on OUT shares. Wall Street Zen downgraded OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a report on Saturday. Barrington Research set a $38.00 price objective on shares of OUTFRONT Media in a report on Tuesday, May 12th. Morgan Stanley set a $37.00 price objective on shares of OUTFRONT Media in a research note on Friday, May 8th. Wells Fargo & Company raised their target price on shares of OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.71.

Institutional Investors Weigh In On OUTFRONT Media

A number of hedge funds and other institutional investors have recently made changes to their positions in OUT. AQR Capital Management LLC boosted its stake in shares of OUTFRONT Media by 9.3% during the 1st quarter. AQR Capital Management LLC now owns 130,411 shares of the financial services provider’s stock worth $2,105,000 after acquiring an additional 11,073 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of OUTFRONT Media by 2.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,971 shares of the financial services provider’s stock valued at $1,388,000 after purchasing an additional 1,739 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in OUTFRONT Media by 9.9% in 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 purchasing an additional 448,993 shares during the period. Empowered Funds LLC raised its holdings in OUTFRONT Media by 12.4% in the 1st quarter. Empowered Funds LLC now owns 21,399 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 2,357 shares during the period. Finally, Woodline Partners LP boosted its position in OUTFRONT Media by 45.6% during the first quarter. Woodline Partners LP now owns 36,888 shares of the financial services provider’s stock worth $595,000 after purchasing an additional 11,559 shares in the last quarter.

OUTFRONT Media Company Profile

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.