DigitalBridge Group Inc. Sells 86,387 Shares of OUTFRONT Media Inc. (NYSE:OUT)

DigitalBridge Group Inc. lessened its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 938,931 shares of the financial services provider's stock after selling 86,387 shares during the quarter. OUTFRONT Media makes up approximately 1.2% of DigitalBridge Group Inc.'s investment portfolio, making the stock its 23rd largest position. DigitalBridge Group Inc. owned 0.58% of OUTFRONT Media worth $17,070,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Loomis Sayles & Co. L P bought a new position in OUTFRONT Media during the 4th quarter worth approximately $47,000. Sterling Capital Management LLC raised its holdings in OUTFRONT Media by 672.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock worth $51,000 after purchasing an additional 2,522 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in OUTFRONT Media by 155.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider's stock worth $73,000 after purchasing an additional 2,555 shares during the last quarter. KBC Group NV raised its holdings in OUTFRONT Media by 47.9% during the 4th quarter. KBC Group NV now owns 6,198 shares of the financial services provider's stock worth $110,000 after purchasing an additional 2,006 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of OUTFRONT Media in the 4th quarter valued at $113,000.

OUTFRONT Media Price Performance

NYSE OUT traded up $0.71 on Tuesday, reaching $16.41. 1,592,584 shares of the company's stock traded hands, compared to its average volume of 1,677,829. OUTFRONT Media Inc. has a 12 month low of $12.95 and a 12 month high of $19.98. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a 50-day simple moving average of $15.38 and a 200 day simple moving average of $17.39. The stock has a market cap of $2.74 billion, a PE ratio of 11.70, a P/E/G ratio of 1.06 and a beta of 1.84.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its earnings results on Thursday, May 8th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The firm had revenue of $390.70 million during the quarter, compared to the consensus estimate of $396.17 million. As a group, research analysts predict that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, June 6th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.31%. The ex-dividend date is Friday, June 6th. OUTFRONT Media's dividend payout ratio is 78.95%.

Analysts Set New Price Targets

Several research firms have recently weighed in on OUT. Wells Fargo & Company lowered their price objective on shares of OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Wall Street Zen lowered shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. Morgan Stanley decreased their price target on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. reduced their target price on shares of OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. Finally, Barrington Research reiterated an "outperform" rating and issued a $21.00 target price on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $18.08.

OUTFRONT Media Company Profile

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.