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Outfront Media Inc.

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Shares of Outfront outperformed the Zacks categorized REIT – Equity Trust – Other industry over the past three months. Also, its estimate for 2017 moved north over the past 30 days. In February, the company reported fourth-quarter 2016 adjusted funds from operations (FFO) per share of $0.56, beating the Zacks Consensus Estimate of $0.51. Also, the company announced the implementation of ON Smart Media platform with the Massachusetts Bay Transportation Authority (MBTA). Moreover, the recent hike in dividend is encouraging. The company’s huge geographic diversity, efforts to convert from traditional static billboard displays to digital billboard displays and low-cost out-of-home (OOH) platform augur well. However, cut-throat competition, dependence on the prospects of advertisers and rise in the interest rate remain concerns.

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