OUTFRONT Media (NYSE:OUT) Reaches New 52-Week Low - What's Next?

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as $13.14 and last traded at $13.25, with a volume of 238720 shares. The stock had previously closed at $13.95.

Analysts Set New Price Targets

Separately, Morgan Stanley increased their price objective on shares of OUTFRONT Media from $17.43 to $18.45 and gave the stock an "equal weight" rating in a research note on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $19.48.

OUTFRONT Media Trading Up 2.5 %

The firm has a 50-day moving average of $16.99 and a two-hundred day moving average of $18.14. The firm has a market capitalization of $2.43 billion, a P/E ratio of 10.38, a P/E/G ratio of 1.06 and a beta of 1.79. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its earnings results on Tuesday, February 25th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The firm had revenue of $493.20 million during the quarter, compared to the consensus estimate of $490.42 million. On average, analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $0.30 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 8.24%. OUTFRONT Media's dividend payout ratio is currently 81.63%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of OUTFRONT Media by 1.9% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,005 shares of the financial services provider's stock valued at $532,000 after acquiring an additional 558 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of OUTFRONT Media by 5.6% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,237 shares of the financial services provider's stock valued at $199,000 after purchasing an additional 596 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of OUTFRONT Media by 19.3% during the fourth quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider's stock worth $67,000 after purchasing an additional 613 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of OUTFRONT Media by 4.1% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 15,993 shares of the financial services provider's stock worth $284,000 after purchasing an additional 629 shares during the last quarter. Finally, Moody National Bank Trust Division increased its stake in shares of OUTFRONT Media by 4.0% in the fourth quarter. Moody National Bank Trust Division now owns 18,028 shares of the financial services provider's stock valued at $320,000 after buying an additional 698 shares during the period.

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.