OUTFRONT Media (NYSE:OUT) Given “Outperform” Rating at Barrington Research

Barrington Research reissued their outperform rating on shares of OUTFRONT Media (NYSE:OUT) in a report published on Monday, Benzinga reports. The firm currently has a $17.00 price target on the financial services provider’s stock. Barrington Research also issued estimates for OUTFRONT Media’s Q2 2024 earnings at $0.42 EPS and FY2024 earnings at $1.54 EPS.

OUTFRONT Media Price Performance

OUT stock opened at $15.97 on Monday. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of -6.00, a PEG ratio of 1.00 and a beta of 1.92. The firm’s 50-day moving average price is $14.44 and its two-hundred day moving average price is $14.62. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 5.08. OUTFRONT Media has a 12-month low of $8.18 and a 12-month high of $17.02.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, June 7th. This represents a $1.20 dividend on an annualized basis and a yield of 7.51%. OUTFRONT Media’s dividend payout ratio is presently -45.11%.

Institutional Investors Weigh In On OUTFRONT Media

Institutional investors and hedge funds have recently bought and sold shares of the business. Spire Wealth Management purchased a new position in shares of OUTFRONT Media during the fourth quarter valued at approximately $28,000. Riverview Trust Co purchased a new stake in OUTFRONT Media in the first quarter worth $33,000. Allworth Financial LP boosted its holdings in OUTFRONT Media by 52.7% in the fourth quarter. Allworth Financial LP now owns 2,534 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 874 shares in the last quarter. GAMMA Investing LLC increased its position in OUTFRONT Media by 105.2% during the 1st quarter. GAMMA Investing LLC now owns 3,849 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 1,973 shares during the period. Finally, CWM LLC raised its holdings in OUTFRONT Media by 163.6% in the 4th quarter. CWM LLC now owns 6,044 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 3,751 shares in the last quarter.

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.