OUTFRONT Media (NYSE:OUT) Earns “Outperform” Rating from Barrington Research

Barrington Research reissued their outperform rating on shares of OUTFRONT Media (NYSE:OUT) in a research note released on Friday morning, Benzinga reports. They currently have a $17.00 target price on the financial services provider’s stock.

A number of other equities research analysts have also issued reports on OUT. TheStreet raised OUTFRONT Media from a d+ rating to a c- rating in a research report on Tuesday, March 5th. StockNews.com raised shares of OUTFRONT Media from a sell rating to a hold rating in a research report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, OUTFRONT Media has an average rating of Hold and an average price target of $14.75.

OUTFRONT Media Stock Down 0.8 %

Shares of OUT stock traded down $0.12 during trading hours on Friday, hitting $14.97. 2,296,026 shares of the company were exchanged, compared to its average volume of 1,997,657. OUTFRONT Media has a 52 week low of $8.18 and a 52 week high of $17.02. The business has a 50 day moving average of $15.75 and a two-hundred day moving average of $13.78. The company has a quick ratio of 0.67, a current ratio of 0.58 and a debt-to-equity ratio of 5.08.

OUTFRONT Media Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 8.02%. The ex-dividend date of this dividend is Friday, June 7th. OUTFRONT Media’s dividend payout ratio (DPR) is currently -45.11%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC grew its holdings in OUTFRONT Media by 50.8% during the third quarter. FMR LLC now owns 6,300,057 shares of the financial services provider’s stock worth $63,631,000 after purchasing an additional 2,122,950 shares during the period. Invesco Ltd. lifted its position in shares of OUTFRONT Media by 39.5% in the third quarter. Invesco Ltd. now owns 4,543,787 shares of the financial services provider’s stock valued at $45,892,000 after buying an additional 1,285,752 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of OUTFRONT Media by 6.0% during the 4th quarter. Wellington Management Group LLP now owns 3,027,771 shares of the financial services provider’s stock worth $42,268,000 after acquiring an additional 170,744 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of OUTFRONT Media by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,866,788 shares of the financial services provider’s stock worth $40,020,000 after acquiring an additional 91,139 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC raised its stake in OUTFRONT Media by 80.9% in the 3rd quarter. Lasalle Investment Management Securities LLC now owns 2,849,449 shares of the financial services provider’s stock valued at $28,779,000 after acquiring an additional 1,273,878 shares during the period.

About OUTFRONT Media

OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.