Outfront Media: An Attractive 7% Dividend Yielder With Double-Digit Upside Potential [Seeking Alpha]
OUTFRONT Media Inc. (OUT)
Last outfront media inc. earnings: 2/25 04:03 pm
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US:NYSE Investor Relations:
investor.outfrontmedia.com/who-we-are/investor-relations/default.aspx
Company Research
Source: Seeking Alpha
Follow Summary OUTFRONT Media, a REIT specializing in billboards and transit advertising, showed solid growth with Q2 revenue up 1.8% YoY and significant digital media gains. The divesture of the Canadian business has strengthened OUT's balance sheet, reducing leverage to 5.0x and allowing management to focus on U.S. growth. With an AFFO payout ratio of 58.1%, OUT has room for future dividend increases, potentially rewarding shareholders after a stagnant two-year period. Despite recent stock gains, OUT remains undervalued with a P/AFFO multiple below the sector median, offering potential upside if operational performance continues. With OUT's share price doubling since October, further upside could be limited in the near to medium term. Ozgur Donmaz/DigitalVision via Getty Images Introduction/Overview OUTFRONT Media ( NYSE: OUT ) is a REIT that went public a little over a decade ago in March 2014. They use technology as a way for businesses to connect with their cus
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OUT
News
- Here's Why You Should Retain OUTFRONT Media Stock for Now [Yahoo! Finance]Yahoo! Finance
- Why Outfront Media (OUT) is a Top Momentum Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- September's Picks: High-Yield Dividends And Double-Digit Performance? Yes, Please! [Yahoo! Finance]Yahoo! Finance
- OUTFRONT Media Chief Executive Officer Jeremy Male to Participate in Citi's 2024 Global TMT ConferencePR Newswire
- Outfront Media: After Surging, A Downgrade Is In Order [Seeking Alpha]Seeking Alpha
OUT
Earnings
- 8/6/24 - Beat
OUT
Sec Filings
- 8/7/24 - Form 10-Q
- 8/6/24 - Form 8-K
- OUT's page on the SEC website