OUTFRONT Media (NYSE:OUT) Shares Gap Down to $16.81

OUTFRONT Media Inc. (NYSE:OUT)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $16.81, but opened at $16.46. OUTFRONT Media shares last traded at $16.70, with a volume of 50,144 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OUT. Barrington Research boosted their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. JPMorgan Chase & Co. lifted their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. TD Cowen started coverage on shares of OUTFRONT Media in a report on Tuesday, July 16th. They issued a “hold” rating and a $16.00 price target on the stock. Finally, StockNews.com raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $16.00.

OUTFRONT Media Stock Down 3.6 %

The company has a market cap of $2.69 billion, a P/E ratio of -6.32, a P/E/G ratio of 1.11 and a beta of 1.92. The stock has a 50-day moving average of $15.59 and a two-hundred day moving average of $15.23. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.67 and a current ratio of 0.67.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.60. OUTFRONT Media had a net margin of 12.32% and a return on equity of 37.83%. The firm had revenue of $477.30 million during the quarter, compared to analyst estimates of $482.27 million. During the same period in the previous year, the business posted $0.47 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. On average, research analysts anticipate that OUTFRONT Media Inc. will post 1.53 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.20 annualized dividend and a yield of 7.41%. OUTFRONT Media’s payout ratio is -45.11%.

Hedge Funds Weigh In On OUTFRONT Media

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC purchased a new stake in shares of OUTFRONT Media during the fourth quarter valued at approximately $2,370,000. Charles Schwab Investment Management Inc. increased its position in shares of OUTFRONT Media by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,866,788 shares of the financial services provider’s stock valued at $40,020,000 after acquiring an additional 91,139 shares during the period. First Eagle Investment Management LLC bought a new position in shares of OUTFRONT Media during the fourth quarter valued at about $2,116,000. Lasalle Investment Management Securities LLC raised its stake in shares of 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 valued at $47,733,000 after acquiring an additional 419,706 shares during the last quarter. Finally, Duality Advisers LP purchased a new stake in shares of OUTFRONT Media during the first quarter worth about $944,000.

About OUTFRONT Media

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.