OUTFRONT Media Inc.
In the published model solve dated 2026-Q2, anchored at $32.06, OUTFRONT Media Inc. (OUT) is priced for today's economics sustained for ~8.2 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
- Outfront is a billboard-and-transit REIT, so it is valued on adjusted funds from operations, not earnings. At $31.19 the price pays about 22x AFFO, which sits at the very top of the REIT peer group and embeds top-of-range AFFO growth for roughly eight years. - The recent results justify the optimism in the near term. Q1 2026 revenue rose 10%, AFFO more than doubled to $61 million, and transit grew 22% led by the New York MTA at over 26%. Management raised full-year guidance to mid-teens AFFO g
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324 institutional managers reported holding OUT in 13F filings for the quarter ended 2026-03-31. 60 opened new positions that quarter. Held by Vanguard Group, BlackRock, Cohen & Steers, among others. On the short side, 4.8M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (2.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
OUT's share count grew 23.5% over the past five years. It pays a dividend, and has paid one every year in our records (12 and counting); the current rate is $1.20 a share annually. Cash returned over the past three years: $575.40M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at OUT over the trailing three years: 2023: 1 buy totaling $100k; 2026: 1 buy totaling $127k. 14 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
OUT's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-09 | -9.1% | +8.1% |
| 2023-08-08 | -17.8% | -23.6% |
| 2023-11-04 | +22.6% | +14.5% |
| 2024-05-04 | -7.4% | -4.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
OUT's latest 8-K filings: 2026-08-05 (items 2.02, 8.01, 9.01); 2026-06-12 (items 1.01, 2.03, 9.01); 2026-06-03 (items 5.02, 5.07, 8.01, 9.01); 2026-05-07 (items 2.02, 8.01, 9.01); 2026-02-25 (items 2.02, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.