OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $18.46 and traded as low as $16.27. OUTFRONT Media shares last traded at $16.47, with a volume of 1,308,408 shares traded.
Analyst Ratings Changes
Separately, Morgan Stanley boosted their price objective on OUTFRONT Media from $17.43 to $18.45 and gave the company an "equal weight" rating in a research report 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $19.48.
Read Our Latest Stock Report on OUT
OUTFRONT Media Trading Down 0.0 %
The company has a market capitalization of $2.72 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 1.06 and a beta of 2.00. 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 stock's fifty day moving average price is $18.06 and its two-hundred day moving average price is $18.44.
OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $490.42 million. Sell-side analysts anticipate that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.
OUTFRONT Media Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 7.38%. The ex-dividend date of this dividend is Friday, March 7th. OUTFRONT Media's dividend payout ratio (DPR) is currently 81.63%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake 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 purchasing an additional 558 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in OUTFRONT Media by 5.6% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 11,237 shares of the financial services provider's stock valued at $199,000 after acquiring an additional 596 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of OUTFRONT Media by 19.3% during the 4th quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider's stock worth $67,000 after acquiring an additional 613 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of OUTFRONT Media by 4.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 15,993 shares of the financial services provider's stock worth $284,000 after acquiring an additional 629 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its stake in shares of OUTFRONT Media by 4.0% in the 4th quarter. Moody National Bank Trust Division now owns 18,028 shares of the financial services provider's stock valued at $320,000 after purchasing an additional 698 shares during the period.
OUTFRONT Media Company Profile
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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.
Further Reading
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