OUTFRONT Media (NYSE:OUT) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

OUTFRONT Media Inc. (NYSE:OUT) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.46 and traded as low as $16.27. OUTFRONT Media shares last traded at $16.47, with a volume of 1,308,408 shares traded.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley lifted their price objective on OUTFRONT Media from $17.43 to $18.45 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $19.48.

OUTFRONT Media Trading Up 0.8 %

The stock has a market capitalization of $2.75 billion, a PE ratio of 11.74, a P/E/G ratio of 1.06 and a beta of 2.00. The company’s 50 day moving average price is $18.12 and its two-hundred day moving average price is $18.46. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65.

OUTFRONT Media (NYSE:OUT) last released its earnings results on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The business had revenue of $493.20 million for the quarter, compared to analyst estimates of $490.42 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. As a group, analysts expect that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date is Friday, March 7th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 81.63%.

Institutional Investors Weigh In On OUTFRONT Media

A number of hedge funds have recently modified their holdings of the company. Loomis Sayles & Co. L P acquired a new position in OUTFRONT Media in the 4th quarter valued at about $47,000. Virtus Fund Advisers LLC acquired a new position in OUTFRONT Media in the third quarter valued at approximately $49,000. Sterling Capital Management LLC lifted its holdings in OUTFRONT Media by 672.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 2,522 shares during the last quarter. GAMMA Investing LLC grew its position in OUTFRONT Media by 19.3% in the fourth quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 613 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in OUTFRONT Media by 155.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 2,555 shares during the last quarter.

About OUTFRONT Media

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.