OUT Stock Summary and Trading Ideas (Outfront Media | NYSE:OUT)

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.

Outfront Media trades on the NYSE stock market under the symbol OUT.

As of April 23, 2024, OUT stock price climbed to $15.51 with 246,622 million shares trading.

OUT has a beta of 2.45, meaning it tends to be more sensitive to market movements. OUT has a correlation of 0.32 to the broad based SPY ETF.

OUT has a market cap of $2.57 billion. This is considered a Mid Cap stock.

Last quarter Outfront Media reported $501 million in Revenue and $.40 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.04.

In the last 3 years, OUT stock traded as high as $29.36 and as low as $8.18.

The top ETF exchange traded funds that OUT belongs to (by Net Assets): IJR, VNQ, VTI, VB, IWM.

OUT has underperformed the market in the last year with a price return of +3.6% while the SPY ETF gained +24.1%. However, in the short term, OUT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +17.9% vs +4.7% return in SPY. But in the last 2 weeks, OUT shares have been beat by the market, returning -5.3% compared to an SPY return of -2.7%.

OUT support price is $14.77 and resistance is $15.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OUT stock will trade within this expected range on the day.