OUTFRONT Media (OUT)
Sells static and digital advertising across U.S. billboards and municipal transit systems.
Something off on this page? Send us feedback.
Sells static and digital advertising across roadside billboards and municipal transit systems in major U.S. markets, supported by creative, production, measurement, and programmatic services. Billboard supplies most revenue; Transit relies on fixed-term government contracts and is concentrated in New York.
Operates as a REIT that leases advertising space on static and digital roadside billboards and transit displays across major U.S. metropolitan markets. Billboard supplies most revenue, while Transit operates under exclusive multi-year agreements with municipalities and other governmental entities. The portfolio is entirely domestic following the Canadian sale, with New York the largest revenue market and Los Angeles another important market.
Combines scarce permitted roadside locations with market-level pricing, enterprise and local sales, creative and production services, consumer research, campaign measurement, and programmatic tools. Digital screens support multiple campaigns per display and remain a focus of portfolio investment. Billboard economics depend on site leases, permits, and advertising demand; transit economics depend on fixed-term franchise renewals, revenue-sharing or guaranteed payments, commuting patterns, and municipal content rules.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| May 12, 2026 | Barrington | Target | Target: — | Target: $38 |
| May 8, 2026 | Morgan Stanley | Target | Target: $35 | Target: $37 |
| May 7, 2026 | Morgan Stanley | Target | Target: $28 | Target: $35 |
| Dec 18, 2025 | Wells Fargo | Reiterate | Rating: —Target: — | Target: $27 |
| Dec 16, 2025 | Morgan Stanley | Upgrade | Target: — | Target: $28 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $31.2M · Total debt $4.13B · Total assets $5.27B · Shareholders' equity $693.3M
- Revenue
- $522.5M
- Operating income
- $116.1M
- Net income
- $77.5M
HistoryDividendAnnual yield
| Institutions | ≈ 103.04% | 181.41M shares | |
|---|---|---|---|
| 385 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.79% | 1.40M shares | |
| 18 holders · as of Sep 21, 2026 | |||
| Strategic holders | 5.06% | 8.91M shares | |
| 1 holder · as of Sep 5, 2025 | |||
| Adds to | 108.89% | ||
176.06M company shares as of Sep 14, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 108.89%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 14.95% | 26.33M | as of Jun 30, 2026 |
Cohen & Steers, Inc.Institution | 12.29% | 21.64M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 9.99% | 17.60M | as of Jun 30, 2026 |
FMR LLCInstitution | 7.09% | 12.48M | as of Jun 30, 2026 |
Pep Viii GP LLCStrategic10 percent owner | 5.06% | 8.91M | filed Sep 5, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 3, 2026 | Mark Emilio Bonanni | officer: EVP, CRO, Commercial | −3,385 | $29.82 |
| Aug 19, 2026 | Patrick Martin | officer: SVP, Controller, CAO | −10,000 | $30.10 |
| Jun 24, 2026 | Richard H. Sauer | officer: EVP, General Counsel | −5,000 | $32.08 |
| Jun 23, 2026 | Richard H. Sauer | officer: EVP, General Counsel | −5,000 | $31.54 |
| Jun 22, 2026 | Richard H. Sauer | officer: EVP, General Counsel | −5,000 | $31.13 |
- Lamar Advertising
Direct U.S. billboard and digital-billboard peer
- Clear Channel Outdoor
U.S. roadside, airport, and digital OOH rival
- Diversified Energy
Global street-furniture, transport, and billboard operator
- The Trade Desk
Programmatic ad platform pulling budgets from OOH
- Sunlands Technology Group (ADR)
European OOH and programmatic DOOH benchmark
- National CineMedia
Cinema-ad network competing for place-based video budgets
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| OUTFRONT Media | $28.06 | −0.57% | $4.97B | 20.0 | 20.6 | 2.6 | +13.5% |
| Lamar Advertising | $145.16 | −0.63% | $14.82B | 26.7 | 23.9 | 6.4 | +6.5% |
| Clear Channel Outdoor | $2.39 | +0.21% | $1.21B | — | — | 0.7 | +8.8% |
| Diversified Energy | $13.94 | +1.68% | $991.6M | 1.6 | — | 0.6 | −33.1% |
| The Trade Desk | $13.19 | −5.01% | $6.53B | 16.3 | 109.1 | 2.2 | +3.0% |
| Sunlands Technology Group (ADR) | $2.86 | +1.06% | $38.0M | 0.8 | — | 0.1 | −20.6% |
| National CineMedia | $2.22 | −0.89% | $210.1M | — | 66.6 | 0.8 | +12.7% |
| Median | 9.0 | 66.6 | 0.8 | +4.7% |