OUTFRONT Media Inc. (NYSE:OUT) Given Average Recommendation of “Hold” by Brokerages

OUTFRONT Media Inc. (NYSE:OUT) has earned a consensus rating of “Hold” from the five brokerages that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $14.75.

Several equities research analysts recently commented on OUT shares. TheStreet raised shares of OUTFRONT Media from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. Barrington Research reiterated an “outperform” rating and issued a $17.00 price target on shares of OUTFRONT Media in a research note on Tuesday, May 28th.

OUTFRONT Media Price Performance

OUT opened at $13.76 on Thursday. The company has a fifty day moving average price of $14.61 and a two-hundred day moving average price of $14.51. The firm has a market capitalization of $2.28 billion, a PE ratio of -5.17, a P/E/G ratio of 0.89 and a beta of 1.91. OUTFRONT Media has a 52 week low of $8.18 and a 52 week high of $17.02. The company has a debt-to-equity ratio of 5.08, a quick ratio of 0.58 and a current ratio of 0.58.

OUTFRONT Media Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 8.72%. The ex-dividend date of this dividend is Friday, June 7th. OUTFRONT Media’s dividend payout ratio (DPR) is currently -45.11%.

Hedge Funds Weigh In On OUTFRONT Media

Several institutional investors and hedge funds have recently added to or reduced their stakes in OUT. Lasalle Investment Management Securities LLC boosted its stake in OUTFRONT Media by 17.3% during the first quarter. Lasalle Investment Management Securities LLC now owns 2,842,935 shares of the financial services provider’s stock worth $47,733,000 after acquiring an additional 419,706 shares in the last quarter. Cetera Advisors LLC bought a new position in OUTFRONT Media during the first quarter worth $218,000. Price T Rowe Associates Inc. MD boosted its stake in OUTFRONT Media by 6.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 88,246 shares of the financial services provider’s stock worth $1,482,000 after acquiring an additional 5,357 shares in the last quarter. Quadrature Capital Ltd bought a new position in OUTFRONT Media during the first quarter worth $335,000. Finally, CANADA LIFE ASSURANCE Co boosted its stake in OUTFRONT Media by 9.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 125,276 shares of the financial services provider’s stock worth $2,102,000 after acquiring an additional 11,332 shares in the last quarter.

OUTFRONT Media Company Profile

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.