Outfront Media Inc. (NYSE:OUT) shares saw unusually-high trading volume on Tuesday . Approximately 1,286,191 shares were traded during mid-day trading, an increase of 65% from the previous session’s volume of 781,261 shares.The stock last traded at $22.94 and had previously closed at $22.41.

OUT has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Outfront Media from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Loop Capital initiated coverage on shares of Outfront Media in a research note on Monday, September 12th. They issued a “hold” rating and a $23.00 price objective for the company. Wedbush initiated coverage on shares of Outfront Media in a research note on Thursday, July 21st. They issued a “neutral” rating and a $26.00 price objective for the company. Gabelli initiated coverage on shares of Outfront Media in a report on Friday, July 22nd. They issued a “hold” rating and a $29.00 target price on the stock. Finally, TheStreet raised shares of Outfront Media from a “sell” rating to a “hold” rating in a report on Wednesday, May 25th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Outfront Media currently has a consensus rating of “Hold” and an average target price of $25.57.

The company’s market cap is $3.14 billion. The company has a 50 day moving average price of $22.21 and a 200 day moving average price of $22.28.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/outfront-media-inc-out-sees-strong-trading-volume.html

Outfront Media (NYSE:OUT) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.06. Outfront Media had a negative return on equity of 2.13% and a negative net margin of 1.74%. The company had revenue of $385.30 million for the quarter, compared to the consensus estimate of $380.11 million. During the same period last year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts forecast that Outfront Media Inc. will post $2.22 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be given a dividend of $0.34 per share. The ex-dividend date is Wednesday, September 7th. This represents a $1.36 dividend on an annualized basis and a yield of 5.98%. Outfront Media’s dividend payout ratio (DPR) is -679.97%.

In related news, EVP Andrew Sriubas acquired 6,000 shares of Outfront Media stock in a transaction on Wednesday, September 14th. The stock was purchased at an average cost of $20.88 per share, with a total value of $125,280.00. Following the completion of the transaction, the executive vice president now directly owns 19,319 shares in the company, valued at approximately $403,380.72. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Donald R. Shassian acquired 5,000 shares of Outfront Media stock in a transaction on Tuesday, September 6th. The shares were bought at an average cost of $21.90 per share, with a total value of $109,500.00. Following the completion of the transaction, the chief financial officer now owns 137,438 shares of the company’s stock, valued at $3,009,892.20. The disclosure for this purchase can be found here. Company insiders own 0.36% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in OUT. Royal Bank of Canada boosted its position in Outfront Media by 4.6% in the first quarter. Royal Bank of Canada now owns 48,744 shares of the company’s stock worth $1,028,000 after buying an additional 2,138 shares during the period. Renaissance Technologies LLC increased its stake in Outfront Media by 706.2% in the first quarter. Renaissance Technologies LLC now owns 1,709,100 shares of the company’s stock worth $36,062,000 after buying an additional 1,497,100 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Outfront Media by 10.0% in the second quarter. JPMorgan Chase & Co. now owns 9,130,965 shares of the company’s stock worth $220,695,000 after buying an additional 830,571 shares in the last quarter. Prudential Financial Inc. purchased a new stake in Outfront Media during the first quarter worth $949,000. Finally, TIAA CREF Investment Management LLC increased its stake in Outfront Media by 3.8% in the first quarter. TIAA CREF Investment Management LLC now owns 357,894 shares of the company’s stock worth $7,552,000 after buying an additional 12,958 shares in the last quarter.

About Outfront Media

OUTFRONT Media Inc, formerly CBS Outdoor Americas Inc, is a provider of advertising space on out-of-home advertising structures and sites across the United States, Canada and Latin America. The Company’s inventory consists of billboard displays and transit advertising displays. It operates through two segments.

5 Day Chart for NYSE:OUT

Receive News & Ratings for Outfront Media Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Outfront Media Inc. and related companies with MarketBeat.com's FREE daily email newsletter.