Key Points
- Matthew Siegel sold 50,000 OUT shares on March 31 at an average price of $25.79 for $1,289,500 under a Rule 10b5‑1 plan, leaving him with 289,925 shares (a 14.71% reduction).
- OUTFRONT reported $0.55 EPS vs. $0.71 consensus and $513.3M revenue, and analysts have since raised price targets leaving a consensus rating of "Moderate Buy" with a $27.86 target.
- The company declared a quarterly dividend of $0.30 ($1.20 annual, 4.4% yield) but with a dividend payout ratio of 150%, indicating potential sustainability concerns.
OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) EVP Matthew Siegel sold 50,000 shares of OUTFRONT Media stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $25.79, for a total transaction of $1,289,500.00. Following the completion of the transaction, the executive vice president owned 289,925 shares in the company, valued at approximately $7,477,165.75. This trade represents a 14.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
OUTFRONT Media Price Performance
NYSE OUT opened at $27.14 on Friday. OUTFRONT Media Inc. has a 1 year low of $12.95 and a 1 year high of $29.27. The business's fifty day moving average is $26.51 and its two-hundred day moving average is $23.05. The stock has a market capitalization of $4.78 billion, a P/E ratio of 33.92, a P/E/G ratio of 1.30 and a beta of 1.51. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.92 and a current ratio of 0.92.
OUTFRONT Media (NYSE:OUT - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.16). The company had revenue of $513.30 million for the quarter, compared to the consensus estimate of $511.61 million. OUTFRONT Media had a return on equity of 24.86% and a net margin of 8.03%. On average, research analysts forecast that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.
OUTFRONT Media Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 6th were given a $0.30 dividend. The ex-dividend date was Friday, March 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.4%. OUTFRONT Media's dividend payout ratio (DPR) is 150.00%.
Analysts Set New Price Targets
Several analysts have issued reports on the company. TD Cowen boosted their price objective on OUTFRONT Media from $24.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. Wells Fargo & Company lifted their target price on shares of OUTFRONT Media from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, February 27th. Zacks Research downgraded shares of OUTFRONT Media from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 3rd. Barrington Research raised their price objective on shares of OUTFRONT Media from $27.00 to $33.00 and gave the stock an "outperform" rating in a research note on Monday, March 2nd. Finally, Morgan Stanley upgraded shares of OUTFRONT Media from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $20.00 to $28.00 in a research report on Tuesday, December 16th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.86.
Check Out Our Latest Research Report on OUTFRONT Media
Hedge Funds Weigh In On OUTFRONT Media
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versor Investments LP acquired a new position in OUTFRONT Media during the third quarter worth $1,259,000. GRS Advisors LLC lifted its position in shares of OUTFRONT Media by 12.8% in the third quarter. GRS Advisors LLC now owns 2,468,232 shares of the financial services provider's stock worth $45,218,000 after buying an additional 279,326 shares during the last quarter. Pacific Heights Asset Management LLC lifted its position in shares of OUTFRONT Media by 40.0% in the third quarter. Pacific Heights Asset Management LLC now owns 700,000 shares of the financial services provider's stock worth $12,824,000 after buying an additional 200,000 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of OUTFRONT Media by 26.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 585,338 shares of the financial services provider's stock worth $9,553,000 after acquiring an additional 121,987 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of OUTFRONT Media by 41.9% during the 3rd quarter. Nordea Investment Management AB now owns 474,055 shares of the financial services provider's stock worth $8,670,000 after acquiring an additional 140,060 shares in the last quarter.
About OUTFRONT Media
(
Get Free Report)
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.
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