JP Morgan continues to hold a neutral stance on Outfront Media (NYSE:OUT) as of Friday, with a one-year price target ranging from $14.14 to $18.90, averaging at $15.91. This indicates an 85.89% upside potential from the last closing price of $8.56. The firm's projected annual revenue is expected to rise by 8.22% to $1,962MM, accompanied by a non-GAAP EPS of 1.03.
On the dividend front, Outfront Media declared a quarterly payout of $0.30 per share, translating to a hefty dividend yield of 14.02%, as per InvestingPro Data. This figure surpasses the five-year average yield of 5.88% significantly. The payout ratio stands at -0.49, hinting at possible financial distress. This is in line with InvestingPro Tips, which suggest that the company's short-term obligations exceed its liquid assets.
Institutional ownership in Outfront Media has seen a downward trend, with 509 funds now holding a total of 189,507K shares. The put/call ratio for OUT is currently at 1.02 and the average portfolio weight is 0.24%, signaling a bearish market sentiment. This is corroborated by InvestingPro's real-time metrics, which show a significant drop in the company's stock price over the last six months.
Among major shareholders, Providence Equity Partners L.L.C., and iShares Core S&P Small-Cap ETF have increased their portfolio holdings by 5.23%. JPMorgan Chase (NYSE:JPM) has made a substantial portfolio increase of 640.76%. Conversely, Vanguard Real Estate Index Fund Investor Shares and Macquarie Group (OTC:MQBKY) have reduced their portfolio allocation by 7.32% and 2.67% respectively.
Outfront Media operates an expansive network of billboard, transit, and mobile assets across North America. The company's revenue growth has been slowing down recently, as pointed out by InvestingPro Tips. Despite this, the company's valuation implies a strong free cash flow yield, which could be a positive sign for potential investors. For more insights like these, consider checking out InvestingPro's premium tips, which include 14 additional tips on OUT and other stocks.
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