Outfront Media: An Attractive 7% Dividend Yielder With Double-Digit Upside Potential
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.
Billboard Company, Mortgage Provider Hit New Highs, Buy Points
Outfront Media stock reached a buy point and a 52-week high on Friday. And a mortgage provider stock is in a buy zone after hitting a high.
OUTFRONT Media (OUT) Soars 16.4% YTD: Will the Trend Last?
OUTFRONT Media's (OUT) geographically diversified advertising sites and strategic investments in its digital billboard portfolio are likely to aid its performance.
OUTFRONT Media (OUT) Q2 AFFO Beats Estimates, Revenues Miss
OUTFRONT Media's (OUT) Q2 AFFO results reflect lower operating expenses driven by lower property lease costs.
Outfront Media (OUT) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Outfront Media (OUT) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Outfront Media (OUT) Beats Q2 FFO Estimates
Outfront Media (OUT) came out with quarterly funds from operations (FFO) of $0.49 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to FFO of $0.47 per share a year ago.
OUTFRONT Media (OUT) Sells its Canadian Business to Bell Media
OUTFRONT Media announces the completion of the sale of its Canadian business to Bell Media for C$410 million.
Outfront Media: 8.7% Yielder Will Give You A Raise, But Don't Get Too Excited
We rated Outfront Media Inc. as a Sell due to concerns about leverage and cyclicality of earnings. Q1-2024 results showed decent performance with total revenues up 3.2% and strong growth in local revenues. The company's debt profile is a concern, but the sale of the Canadian business and expected revenue growth in Q3 and Q4 will improve the situation.
Here's Why You Should Retain OUTFRONT Media (OUT) Stock Now
OUTFRONT Media's (OUT) diversified advertising sites and strategic investments for the digital billboard portfolio bode well. However, competition from its industry peers and high expenses are worrisome.
Here's Why OUTFRONT Media (OUT) is an Apt Portfolio Pick for Now
A diverse portfolio of advertising sites and strategic investments for a digital billboard portfolio is likely to support OUTFRONT Media's (OUT) performance.
