OUTFRONT Media’s (OUT) “Outperform” Rating Reaffirmed at Barrington Research

Barrington Research restated their outperform rating on shares of OUTFRONT Media (NYSE:OUT) in a research report released on Friday morning, Benzinga reports. The firm currently has a $17.00 target price on the financial services provider’s stock.

A number of other brokerages have also recently commented on OUT. TheStreet raised shares of OUTFRONT Media from a d+ rating to a c- rating in a research note on Tuesday, March 5th. StockNews.com raised shares of OUTFRONT Media from a sell rating to a hold rating in a report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, OUTFRONT Media presently has an average rating of Hold and an average price target of $14.75.

OUTFRONT Media Trading Down 5.9 %

Shares of OUT traded down $0.95 during mid-day trading on Friday, reaching $15.09. The company had a trading volume of 3,480,692 shares, compared to its average volume of 1,555,125. The stock has a 50 day moving average of $15.75 and a two-hundred day moving average of $13.72. 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 has a 52-week low of $8.18 and a 52-week high of $17.02.

OUTFRONT Media Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.95%. The ex-dividend date of this dividend is Friday, June 7th. OUTFRONT Media’s dividend payout ratio is presently -45.11%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OUT. Schnieders Capital Management LLC lifted its holdings in OUTFRONT Media by 5.3% in the 1st quarter. Schnieders Capital Management LLC now owns 16,000 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 800 shares in the last quarter. Allworth Financial LP lifted its stake in shares of OUTFRONT Media by 52.7% in the fourth quarter. Allworth Financial LP now owns 2,534 shares of the financial services provider’s stock worth $35,000 after buying an additional 874 shares in the last quarter. Gabelli Funds LLC boosted its position in OUTFRONT Media by 1.1% during the fourth quarter. Gabelli Funds LLC now owns 88,500 shares of the financial services provider’s stock worth $1,235,000 after acquiring an additional 1,000 shares during the last quarter. Fifth Third Bancorp grew its stake in OUTFRONT Media by 55.7% during the 3rd quarter. Fifth Third Bancorp now owns 4,326 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 1,547 shares in the last quarter. Finally, Riverview Trust Co purchased a new stake in OUTFRONT Media during the 1st quarter valued at about $33,000.

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.