Outfront Media (NYSE:OUT) Executes Reverse Stock Split

Outfront Media (NYSE:OUT) is a prominent player in the REIT and Equity Trust sector, specializing in outdoor advertising. The company operates a vast network of billboards and transit displays across the United States and Canada. Outfront Media competes with other major firms in the sector, such as Public Storage (PSA), which focuses on self-storage facilities.

On January 17, 2025, Outfront Media executed a reverse stock split, exchanging 1,024,549 shares for every 1,000,000 shares. This move is often used by companies to increase the stock price by reducing the number of shares outstanding. Despite this adjustment, OUT's stock is currently priced at $18.91, showing a 4.57% increase. The stock price has risen by $0.83 today, indicating positive investor sentiment.

The stock has experienced fluctuations, trading between $18.20 and $19.29 during the day. Over the past year, OUT's stock has seen a high of $19.98 and a low of $12.57. This range suggests some volatility, which is common in the REIT sector. The company's market capitalization stands at approximately $3.22 billion, reflecting its size and presence in the industry.

Trading volume for OUT is 682,426 shares on the NYSE, indicating active investor interest. As highlighted by Zacks Investment Research, the key question for investors is whether OUT or PSA offers a better value opportunity. This comparison is crucial for those seeking undervalued stocks in the REIT and Equity Trust sector.