OUTFRONT Media Inc. (NYSE:OUT) EVP Richard H. Sauer Sells 29,891 Shares

OUTFRONT Media Inc. (NYSE:OUT) EVP Richard H. Sauer sold 29,891 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $15.79, for a total value of $471,978.89. Following the completion of the sale, the executive vice president now owns 90,945 shares in the company, valued at $1,436,021.55. This trade represents a 24.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

OUTFRONT Media Trading Up 1.5%

NYSE OUT opened at $15.84 on Tuesday. The stock’s 50-day simple moving average is $15.62 and its two-hundred day simple moving average is $17.09. OUTFRONT Media Inc. has a twelve month low of $12.95 and a twelve month high of $19.98. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.06 and a beta of 1.89.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The company had revenue of $390.70 million for the quarter, compared to the consensus estimate of $396.17 million. Research analysts forecast that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, June 6th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, June 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.58%. OUTFRONT Media’s dividend payout ratio (DPR) is currently 78.95%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of OUT. FMR LLC grew its stake in shares of OUTFRONT Media by 132.5% during the fourth quarter. FMR LLC now owns 15,604,202 shares of the financial services provider’s stock valued at $276,819,000 after buying an additional 8,892,411 shares during the last quarter. Cohen & Steers Inc. grew its stake in shares of OUTFRONT Media by 87.8% during the fourth quarter. Cohen & Steers Inc. now owns 5,243,211 shares of the financial services provider’s stock valued at $93,015,000 after buying an additional 2,450,632 shares during the last quarter. Benchstone Capital Management LP bought a new position in shares of OUTFRONT Media during the fourth quarter valued at about $29,038,000. LSV Asset Management grew its stake in shares of OUTFRONT Media by 6,623.5% during the fourth quarter. LSV Asset Management now owns 1,595,362 shares of the financial services provider’s stock valued at $28,302,000 after buying an additional 1,571,634 shares during the last quarter. Finally, Advisors Capital Management LLC bought a new position in shares of OUTFRONT Media during the first quarter valued at about $22,330,000.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wall Street Zen downgraded OUTFRONT Media from a “hold” rating to a “sell” rating in a research report on Monday, May 12th. Barrington Research reiterated an “outperform” rating and issued a $21.00 price objective on shares of OUTFRONT Media in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price objective on OUTFRONT Media from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 21st. Wells Fargo & Company lowered their price target on OUTFRONT Media from $22.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, May 9th. Finally, Morgan Stanley lowered their price target on OUTFRONT Media from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.23.

About OUTFRONT Media

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.