OUTFRONT Media Inc. (NYSE:OUT) Receives $19.48 Consensus PT from Analysts

Shares of OUTFRONT Media Inc. (NYSE:OUT) have earned a consensus rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $19.48.

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price target on OUTFRONT Media from $17.43 to $18.45 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Barrington Research reiterated an “outperform” rating and set a $21.53 price target on shares of OUTFRONT Media in a report on Wednesday, November 13th.

Institutional Investors Weigh In On OUTFRONT Media

Hedge funds have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. acquired a new stake in OUTFRONT Media during the third quarter worth approximately $32,000. Loomis Sayles & Co. L P acquired a new stake in shares of OUTFRONT Media in the fourth quarter valued at approximately $47,000. Virtus Fund Advisers LLC acquired a new stake in shares of OUTFRONT Media in the third quarter valued at approximately $49,000. Sterling Capital Management LLC raised its position in shares of OUTFRONT Media by 672.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider’s stock valued at $51,000 after buying an additional 2,522 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of OUTFRONT Media by 19.3% in the fourth quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider’s stock valued at $67,000 after buying an additional 613 shares in the last quarter.

OUTFRONT Media Trading Down 4.2 %

OUTFRONT Media stock opened at $17.20 on Tuesday. OUTFRONT Media has a 52 week low of $13.35 and a 52 week high of $19.50. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $2.87 billion, a P/E ratio of 12.26, a PEG ratio of 1.06 and a beta of 2.00. The stock has a 50-day simple moving average of $18.38 and a 200 day simple moving average of $18.51.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The business had revenue of $493.20 million during the quarter, compared to analysts’ expectations of $490.42 million. Analysts expect that OUTFRONT Media will post 1.59 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.20 annualized dividend and a yield of 6.98%. OUTFRONT Media’s dividend payout ratio (DPR) is presently 81.63%.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.