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

OUTFRONT Media Inc. (NYSE:OUT) EVP Richard Sauer sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $31.36, for a total transaction of $156,800.00. Following the completion of the sale, the executive vice president directly owned 76,947 shares of the company’s stock, valued at approximately $2,413,057.92. This trade represents a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OUTFRONT Media Trading Up 0.2%

OUT opened at $31.20 on Friday. OUTFRONT Media Inc. has a 12 month low of $15.45 and a 12 month high of $34.96. The stock has a fifty day moving average price of $31.20 and a 200-day moving average price of $27.51. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 1.47 and a beta of 1.49. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.90.

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

OUTFRONT Media Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, June 5th. OUTFRONT Media’s dividend payout ratio (DPR) is 114.29%.

Analyst Ratings Changes

OUT has been the topic of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Zacks Research downgraded shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Wall Street Zen raised shares of OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. TD Cowen restated a “buy” rating and set a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Finally, Barrington Research set a $38.00 price objective 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 issued a Hold rating to the company. Based on data from MarketBeat, OUTFRONT Media presently has an average rating of “Moderate Buy” and a consensus target price of $30.71.

Institutional Trading of OUTFRONT Media

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Gamco Investors INC. ET AL raised its stake in shares of OUTFRONT Media by 0.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 51,648 shares of the financial services provider’s stock worth $1,369,000 after buying an additional 351 shares during the period. CWM LLC grew its stake in OUTFRONT Media by 5.5% in the 4th quarter. CWM LLC now owns 8,682 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 453 shares during the period. Maryland State Retirement & Pension System grew its stake in OUTFRONT Media by 2.2% in the 4th quarter. Maryland State Retirement & Pension System now owns 21,383 shares of the financial services provider’s stock valued at $515,000 after acquiring an additional 468 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in OUTFRONT Media by 1.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 33,256 shares of the financial services provider’s stock worth $801,000 after acquiring an additional 500 shares in the last quarter. Finally, Convergence Investment Partners LLC increased its holdings in OUTFRONT Media by 0.7% in the 1st quarter. Convergence Investment Partners LLC now owns 78,004 shares of the financial services provider’s stock worth $2,067,000 after acquiring an additional 537 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.