Caisse DE Depot ET Placement DU Quebec Purchases New Shares in OUTFRONT Media Inc. $OUT

Key Points

• Caisse DE Depot ET Placement DU Quebec acquired a new stake in OUTFRONT Media Inc. during the first quarter, buying 128,773 shares valued at approximately $2,078,000, representing about 0.08% of the company's total shares.
• OUTFRONT Media recently declared a quarterly dividend of $0.30 per share, yielding approximately 6.4% with a payout ratio of 206.90%.
• Analysts have varying opinions on OUTFRONT Media's stock, with a consensus rating of "Moderate Buy" and an average price target of $19.00, while Citigroup raised its price target to $19.00 from $17.00.

Caisse DE Depot ET Placement DU Quebec purchased a new position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 128,773 shares of the financial services provider's stock, valued at approximately $2,078,000. Caisse DE Depot ET Placement DU Quebec owned about 0.08% of OUTFRONT Media at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Nissay Asset Management Corp Japan ADV increased its position in OUTFRONT Media by 5.6% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 11,237 shares of the financial services provider's stock worth $199,000 after purchasing an additional 596 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in OUTFRONT Media by 4.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 15,993 shares of the financial services provider's stock worth $284,000 after acquiring an additional 629 shares in the last quarter. Signaturefd LLC increased its stake in shares of OUTFRONT Media by 8.5% during the 1st quarter. Signaturefd LLC now owns 9,203 shares of the financial services provider's stock worth $149,000 after purchasing an additional 722 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in shares of OUTFRONT Media by 0.4% during the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 212,014 shares of the financial services provider's stock valued at $3,422,000 after purchasing an additional 915 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of OUTFRONT Media by 8.5% in the 1st quarter. Fifth Third Bancorp now owns 12,596 shares of the financial services provider's stock valued at $203,000 after purchasing an additional 988 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have weighed in on OUT shares. Wall Street Zen upgraded OUTFRONT Media from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Citigroup reaffirmed a "buy" rating and set a $19.00 target price (up previously from $17.00) on shares of OUTFRONT Media in a research report on Thursday, May 29th. Morgan Stanley lifted their price target on shares of OUTFRONT Media from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. lowered their target price on shares of OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 21st. Finally, Barrington Research reissued an "outperform" rating and set a $21.00 target price on shares of OUTFRONT Media in a research report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $19.00.

Insider Buying and Selling at OUTFRONT Media

In other OUTFRONT Media news, EVP Richard H. Sauer sold 20,109 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $15.88, for a total value of $319,330.92. Following the sale, the executive vice president directly owned 70,836 shares in the company, valued at $1,124,875.68. This represents a 22.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark Emilio Bonanni sold 4,126 shares of OUTFRONT Media stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $19.38, for a total value of $79,961.88. Following the transaction, the executive vice president directly owned 4,170 shares of the company's stock, valued at approximately $80,814.60. The trade was a 49.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,126 shares of company stock worth $871,272. 0.47% of the stock is owned by insiders.

OUTFRONT Media Stock Performance

Shares of OUT stock traded down $0.23 during mid-day trading on Thursday, reaching $18.41. The stock had a trading volume of 1,016,286 shares, compared to its average volume of 1,582,259. The firm has a market cap of $3.08 billion, a PE ratio of 31.49, a P/E/G ratio of 1.11 and a beta of 1.87. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 4.60. OUTFRONT Media Inc. has a one year low of $12.95 and a one year high of $19.80. The firm's 50 day simple moving average is $17.86 and its 200 day simple moving average is $16.73.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its earnings results on Tuesday, August 5th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $460.20 million during the quarter, compared to analysts' expectations of $463.16 million. OUTFRONT Media had a return on equity of 18.07% and a net margin of 5.99%.OUTFRONT Media's quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the business earned $0.50 earnings per share. On average, analysts forecast that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, September 5th. This represents a $1.20 dividend on an annualized basis and a yield of 6.5%. OUTFRONT Media's dividend payout ratio (DPR) is currently 206.90%.

About OUTFRONT Media

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.