Nuveen LLC Makes New Investment in OUTFRONT Media Inc. $OUT

Key Points

• Nuveen LLC has invested approximately $6.92 million in OUTFRONT Media Inc., acquiring 428,867 shares, which represents about 0.26% of the company's stock.
• OUTFRONT Media reported an earnings per share (EPS) of $0.51 for the last quarter, beating estimates, but experienced a 3.6% year-over-year decline in revenue.
• The company recently announced a quarterly dividend of $0.30 per share, yielding around 6.3%, with the ex-dividend date set for September 5th.

Nuveen LLC bought a new position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 428,867 shares of the financial services provider's stock, valued at approximately $6,922,000. Nuveen LLC owned approximately 0.26% of OUTFRONT Media at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of OUT. Rossby Financial LCC purchased a new position in OUTFRONT Media in the 1st quarter worth approximately $74,000. Lazard Asset Management LLC purchased a new position in shares of OUTFRONT Media during the fourth quarter worth $113,000. IFP Advisors Inc boosted its stake in shares of OUTFRONT Media by 97.6% in the first quarter. IFP Advisors Inc now owns 6,708 shares of the financial services provider's stock valued at $113,000 after purchasing an additional 3,313 shares during the period. Signaturefd LLC boosted its stake in shares of OUTFRONT Media by 8.5% in the first quarter. Signaturefd LLC now owns 9,203 shares of the financial services provider's stock valued at $149,000 after purchasing an additional 722 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its stake in shares of OUTFRONT Media by 5.6% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,237 shares of the financial services provider's stock valued at $199,000 after purchasing an additional 596 shares during the period.

OUTFRONT Media Stock Performance

NYSE:OUT traded down $0.25 during mid-day trading on Thursday, reaching $18.69. 943,672 shares of the stock were exchanged, compared to its average volume of 1,597,239. The company has a 50 day simple moving average of $17.59 and a 200-day simple moving average of $16.73. The stock has a market capitalization of $3.12 billion, a P/E ratio of 31.97, a P/E/G ratio of 1.10 and a beta of 1.89. 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 1 year low of $12.95 and a 1 year high of $19.80.

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

OUTFRONT Media Dividend Announcement

The business also recently disclosed 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 of this dividend is Friday, September 5th. This represents a $1.20 annualized dividend and a yield of 6.4%. OUTFRONT Media's dividend payout ratio is currently 206.90%.

Insider Activity at OUTFRONT Media

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Barrington Research reissued an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a research note on Wednesday, August 6th. Wall Street Zen raised shares of OUTFRONT Media from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Wells Fargo & Company restated an "overweight" rating on shares of OUTFRONT Media in a research note on Sunday, July 20th. JPMorgan Chase & Co. cut 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, Citigroup restated a "buy" rating and set a $19.00 target price (up from $17.00) on shares of OUTFRONT Media in a research note on Thursday, May 29th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $19.00.

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.