Outfront Media
About: Outfront Media Inc is a real estate investment trust involved in the ownership of advertising space on its portfolio of billboards and transit displays. The Company generates revenue in the form of rental income by allowing other companies to advertise on its properties and structures under short-term contracts. Outfront Media segments its operations into the United States and International units. Although it also owns assets in Canada and Latin America, the company derives the vast majority of its revenue from billboard advertising agreements in the U.S. Roughly half of the U.S. division's revenue comes from its displays in the New York City and Los Angeles markets. Outfront Media's major customers include entities within the retail, television, healthcare, and entertainment industries.
Employees: 2,375
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
736% more call options, than puts
Call options by funds: $7.36M | Put options by funds: $880K
104% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 28
26% more capital invested
Capital invested by funds: $2.32B [Q2] → $2.93B (+$604M) [Q3]
12% more funds holding
Funds holding: 247 [Q2] → 276 (+29) [Q3]
1.99% less ownership
Funds ownership: 98.0% [Q2] → 96.01% (-1.99%) [Q3]
20% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]
22% less repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 101
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Morgan Stanley Benjamin Swinburne 67% 1-year accuracy 12 / 18 met price target | 1%downside $18 | Equal-Weight Maintained | 18 Dec 2024 |
Barrington Research James Goss 55% 1-year accuracy 53 / 96 met price target | 15%upside $21 | Outperform Maintained | 13 Nov 2024 |
Financial journalist opinion
Based on 7 articles about OUT published over the past 30 days