OUTFRONT Media Inc. (NYSE:OUT) to Issue $0.30 Quarterly Dividend

OUTFRONT Media Inc. (NYSE:OUT) declared a quarterly dividend on Tuesday, February 25th, RTT News reports. Stockholders of record on Friday, March 7th will be paid a dividend of 0.30 per share by the financial services provider on Monday, March 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.55%.

OUTFRONT Media has increased its dividend by an average of 59.4% annually over the last three years.

OUTFRONT Media Stock Up 0.6 %

Shares of OUT traded up $0.11 during mid-day trading on Tuesday, hitting $18.33. 2,296,545 shares of the company traded hands, compared to its average volume of 1,638,221. The business has a 50 day moving average of $18.43 and a 200 day moving average of $18.38. The company has a market capitalization of $2.97 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 1.06 and a beta of 1.97. OUTFRONT Media has a 1-year low of $13.35 and a 1-year high of $19.50. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00.

OUTFRONT Media (NYSE:OUT) last issued its earnings results on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.06. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. Equities research analysts anticipate that OUTFRONT Media will post 1.59 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on OUT. Morgan Stanley upped their target price on OUTFRONT Media from $17.43 to $18.45 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. StockNews.com cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Finally, Barrington Research reiterated an “outperform” rating and issued a $21.53 target price on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, OUTFRONT Media currently has an average rating of “Hold” and a consensus price target of $19.48.

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.