OUTFRONT Media (NYSE:OUT) Hits New 1-Year High at $17.02

OUTFRONT Media Inc. (NYSE:OUT) reached a new 52-week high during trading on Thursday . The company traded as high as $17.02 and last traded at $17.00, with a volume of 328235 shares traded. The stock had previously closed at $16.75.

Analyst Ratings Changes

OUT has been the topic of a number of research reports. StockNews.com raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. TheStreet raised OUTFRONT Media from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $14.50.

OUTFRONT Media Stock Performance

The stock has a 50 day moving average of $14.35 and a 200 day moving average of $12.61. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of -6.29, a P/E/G ratio of 1.06 and a beta of 1.86. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 4.39.

OUTFRONT Media Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 7.15%. The ex-dividend date of this dividend is Thursday, February 29th. OUTFRONT Media’s dividend payout ratio (DPR) is presently -44.94%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OUT. Norges Bank acquired a new position in OUTFRONT Media in the 4th quarter worth about $66,578,000. Vanguard Group Inc. increased its stake in shares of OUTFRONT Media by 16.4% in the third quarter. Vanguard Group Inc. now owns 25,900,724 shares of the financial services provider’s stock valued at $393,432,000 after buying an additional 3,643,500 shares during the period. Goldman Sachs Group Inc. raised its holdings in OUTFRONT Media by 244.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,592,568 shares of the financial services provider’s stock valued at $102,137,000 after buying an additional 2,548,117 shares during the last quarter. FMR LLC boosted its position in OUTFRONT Media by 50.8% during the 3rd quarter. FMR LLC now owns 6,300,057 shares of the financial services provider’s stock worth $63,631,000 after buying an additional 2,122,950 shares during the period. Finally, State Street Corp grew its holdings in OUTFRONT Media by 67.4% during the 3rd quarter. State Street Corp now owns 5,069,894 shares of the financial services provider’s stock worth $77,012,000 after acquiring an additional 2,041,812 shares during the last quarter.

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.