Outfront Media Inc. (REIT) (NYSE:OUT) has a beta value of 1.71 and has seen 1,293,121 shares traded in the last trading session. The company, currently valued at $2.58 Billion, closed the last trade at $17.88 per share which meant it gained $0.1 on the day or 0.56% during that session. The OUT stock price is -74.5% off its 52-week high price of $31.2 and 60.46% above the 52-week low of $7.07. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.86 Million shares traded. The 3-month trading volume is 1.98 Million shares.
Outfront Media Inc. (REIT) (NYSE:OUT) trade information
Sporting 0.56% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Nov 18 when the OUT stock price touched $19.42- or saw a rise of 7.93%. Year-to-date, Outfront Media Inc. (REIT) shares have moved -33.33%, while the 5-day performance has seen it change -1.6%. Over the past 30 days, the shares of Outfront Media Inc. (REIT) (NYSE:OUT) have changed 29.57%. Short interest in the company has seen 4.02 Million shares shorted with days to cover at 2.03.
Outfront Media Inc. (REIT) (OUT) estimates and forecasts
Figures show that Outfront Media Inc. (REIT) shares have underperformed across the wider relevant industry. The company’s shares have gained +19.84% over the past 6 months, with this year growth rate of -76.39%, compared to -3% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -109.7% and -600% for the next quarter. Revenue growth from the last financial year stood is estimated to be -32%.
3 analysts offering their estimates for the company have set an average revenue estimate of $317.97 Million for the current quarter. 1 have an estimated revenue figure of $319Million for the next quarter concluding in March 01, 2021. Year-ago sales stood $488.1 Million and $385.3 Million respectively for this quarter and the next, and analysts expect sales will grow by -34.9% for the current quarter and -17.2% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -18.4% over the past 5 years. Earnings growth for 2020 is a modest +24.9% while over the next 5 years, the company’s earnings are expected to increase by 10%.
Outfront Media Inc. (REIT) (NYSE:OUT)’s Major holders
Insiders own 0.67% of the company shares, while shares held by institutions stand at 93.81% with a share float percentage of 94.44%. Investors are also buoyed by the number of investors in a company, with Outfront Media Inc. (REIT) having a total of 332 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 19.2 Million shares worth more than $279.35 Million. As of September 29, 2020, Vanguard Group, Inc. (The) held 13.29% of shares outstanding.
The other major institutional holder is JP Morgan Chase & Company, with the holding of over 10.93 Million shares as of September 29, 2020. The firm’s total holdings are worth over $158.99 Million and represent 7.57% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund. As of July 30, 2020, the former fund manager holds about 4.46% shares in the company for having 6440806 shares of worth $92.81 Million while later fund manager owns 4.11 Million shares of worth $58.21 Million as of June 29, 2020, which makes it owner of about 2.84% of company’s outstanding stock.