OUTFRONT Media Inc. (OUT) Rating Lowered to C at TheStreet

OUTFRONT Media Inc. (NYSE:OUT) was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating in a research report issued on Friday, May 12th.

A number of other research firms have also issued reports on OUT. Zacks Investment Research raised OUTFRONT Media from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Monday, February 6th. Wedbush upped their target price on OUTFRONT Media from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, February 23rd. J P Morgan Chase & Co lowered OUTFRONT Media from an “overweight” rating to a “neutral” rating and upped their target price for the company from $26.00 to $28.00 in a research note on Thursday, February 23rd. Finally, Goldman Sachs Group, Inc. (The) lowered OUTFRONT Media from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research note on Tuesday, January 17th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $30.14.

Analyst Recommendations for OUTFRONT Media (NYSE:OUT)

Shares of OUTFRONT Media (NYSE:OUT) traded up 2.07% during mid-day trading on Friday, hitting $23.63. The stock had a trading volume of 775,897 shares. The firm has a 50 day moving average of $23.30 and a 200-day moving average of $25.40. The stock has a market cap of $3.27 billion, a P/E ratio of 34.10 and a beta of 1.15. OUTFRONT Media has a one year low of $20.72 and a one year high of $27.89.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 9th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date is Wednesday, June 7th. OUTFRONT Media’s dividend payout ratio is presently 205.72%.

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Several hedge funds and other institutional investors have recently modified their holdings of OUT. JPMorgan Chase & Co. raised its position in shares of OUTFRONT Media by 5.3% in the first quarter. JPMorgan Chase & Co. now owns 13,256,628 shares of the financial services provider’s stock worth $351,964,000 after buying an additional 669,391 shares in the last quarter. Vanguard Group Inc. raised its position in shares of OUTFRONT Media by 8.3% in the first quarter. Vanguard Group Inc. now owns 11,150,528 shares of the financial services provider’s stock worth $296,046,000 after buying an additional 855,888 shares in the last quarter. BlackRock Inc. raised its position in shares of OUTFRONT Media by 6,693.0% in the first quarter. BlackRock Inc. now owns 7,335,438 shares of the financial services provider’s stock worth $194,756,000 after buying an additional 7,227,453 shares in the last quarter. Janus Capital Management LLC raised its position in shares of OUTFRONT Media by 20.7% in the fourth quarter. Janus Capital Management LLC now owns 5,461,930 shares of the financial services provider’s stock worth $135,838,000 after buying an additional 937,140 shares in the last quarter. Finally, Route One Investment Company L.P. raised its position in shares of OUTFRONT Media by 12.2% in the fourth quarter. Route One Investment Company L.P. now owns 5,174,370 shares of the financial services provider’s stock worth $128,687,000 after buying an additional 564,319 shares in the last quarter.

OUTFRONT Media Company Profile

OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.

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