OUTFRONT Media (NYSE:OUT) Stock Price Passes Below Two Hundred Day Moving Average - Time to Sell?

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.42 and traded as low as $16.08. OUTFRONT Media shares last traded at $16.29, with a volume of 971,628 shares.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised their target price on shares of OUTFRONT Media from $17.43 to $18.45 and gave the company an "equal weight" rating in a report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, OUTFRONT Media presently has a consensus rating of "Hold" and an average target price of $19.48.

OUTFRONT Media Stock Up 2.2 %

The company has a market cap of $2.75 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 1.06 and a beta of 1.79. The company has a fifty day moving average of $17.75 and a two-hundred day moving average of $18.41. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65.

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

OUTFRONT Media Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.29%. OUTFRONT Media's dividend payout ratio is 81.63%.

Institutional Investors Weigh In On OUTFRONT Media

Institutional investors and hedge funds have recently modified their holdings of the business. Loomis Sayles & Co. L P purchased a new stake in OUTFRONT Media in the fourth quarter worth $47,000. Virtus Fund Advisers LLC bought a new stake in shares of OUTFRONT Media during the third quarter valued at approximately $49,000. Sterling Capital Management LLC boosted its holdings in shares of OUTFRONT Media by 672.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 2,522 shares during the period. GAMMA Investing LLC grew its stake in OUTFRONT Media by 19.3% in 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 in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in OUTFRONT Media by 155.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider's stock worth $73,000 after purchasing an additional 2,555 shares in the last quarter.

OUTFRONT Media Company Profile

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.