Barrington Research reaffirmed their outperform rating on shares of OUTFRONT Media Inc. (NYSE:OUT) in a report published on Monday, MarketBeat reports. Barrington Research currently has a $26.00 price target on the financial services provider’s stock, down from their previous price target of $29.00. Barrington Research also issued estimates for OUTFRONT Media’s Q3 2017 earnings at $0.58 EPS, Q4 2017 earnings at $0.62 EPS, FY2017 earnings at $2.05 EPS, Q1 2018 earnings at $0.33 EPS, Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.64 EPS, FY2018 earnings at $2.15 EPS and FY2019 earnings at $2.27 EPS.
OUT has been the topic of a number of other reports. Zacks Investment Research upgraded OUTFRONT Media from a sell rating to a hold rating in a research note on Monday, July 10th. ValuEngine lowered OUTFRONT Media from a buy rating to a hold rating in a research note on Wednesday, June 7th. TheStreet lowered OUTFRONT Media from a b- rating to a c rating in a research note on Friday, May 12th. BidaskClub lowered OUTFRONT Media from a sell rating to a strong sell rating in a research note on Thursday, August 3rd. Finally, Loop Capital upgraded OUTFRONT Media from a hold rating to a buy rating and set a $27.00 target price on the stock in a research note on Monday, June 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $29.71.
OUTFRONT Media (NYSE OUT) opened at 22.17 on Monday. The company has a market cap of $3.07 billion, a PE ratio of 29.60 and a beta of 1.13. OUTFRONT Media has a 12 month low of $20.72 and a 12 month high of $27.89. The company has a 50 day moving average price of $22.71 and a 200-day moving average price of $24.58.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.44 annualized dividend and a dividend yield of 6.50%. OUTFRONT Media’s dividend payout ratio (DPR) is presently 189.48%.
Several institutional investors have recently made changes to their positions in OUT. 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 valued at $194,756,000 after buying an additional 7,227,453 shares during the period. Janus Henderson Group PLC purchased a new position in shares of OUTFRONT Media during the second quarter valued at approximately $100,424,000. Daiwa Securities Group Inc. purchased a new position in shares of OUTFRONT Media during the first quarter valued at approximately $60,408,000. Deprince Race & Zollo Inc. raised its position in shares of OUTFRONT Media by 53.7% in the second quarter. Deprince Race & Zollo Inc. now owns 2,980,580 shares of the financial services provider’s stock valued at $68,911,000 after buying an additional 1,040,813 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of OUTFRONT Media by 7.3% in the second quarter. JPMorgan Chase & Co. now owns 14,230,026 shares of the financial services provider’s stock valued at $328,999,000 after buying an additional 973,398 shares during the period.
About OUTFRONT Media
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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