OUTFRONT Media Gains 22% in 6 Months: Will the Trend Last?

Shares of OUTFRONT Media (OUT) have gained 21.9% in the past six months, outperforming its industry’s growth of 10.7%.This New York-based advertising real estate investment trust’s (REIT) diverse portfolio of advertising sites and large-scale presence, efforts to bolster its digital presence and strategic acquisitions over the years have enabled it to ride the growth curve so far.This month, the company reported third-quarter 2024 adjusted funds from operations per share of 48 cents, which surpassed the Zac ...