OUTFRONT Media Inc. (NYSE:OUT) Shares Sold by DigitalBridge Group Inc.

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

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC raised its stake in OUTFRONT Media by 132.5% during the fourth quarter. FMR LLC now owns 15,604,202 shares of the financial services provider's stock worth $276,819,000 after purchasing an additional 8,892,411 shares during the period. Cohen & Steers Inc. increased its holdings in shares of OUTFRONT Media by 87.8% during the 4th quarter. Cohen & Steers Inc. now owns 5,243,211 shares of the financial services provider's stock worth $93,015,000 after buying an additional 2,450,632 shares during the last quarter. Benchstone Capital Management LP purchased a new stake in shares of OUTFRONT Media during the 4th quarter valued at approximately $29,038,000. LSV Asset Management lifted its holdings in OUTFRONT Media by 6,623.5% in the fourth quarter. LSV Asset Management now owns 1,595,362 shares of the financial services provider's stock valued at $28,302,000 after acquiring an additional 1,571,634 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in OUTFRONT Media by 79.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,001,402 shares of the financial services provider's stock valued at $35,505,000 after acquiring an additional 886,605 shares during the last quarter.

OUTFRONT Media Trading Up 0.9%

OUT traded up $0.14 during mid-day trading on Thursday, hitting $16.43. 382,357 shares of the stock were exchanged, compared to its average volume of 1,672,858. The firm's fifty day moving average is $15.38 and its two-hundred day moving average is $17.38. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year high of $19.98. The company has a market cap of $2.75 billion, a PE ratio of 11.71, a PEG ratio of 1.06 and a beta of 1.84. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its quarterly 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). The business had revenue of $390.70 million for the quarter, compared to analyst estimates of $396.17 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. Equities analysts forecast that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, June 6th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.30%. The ex-dividend date is Friday, June 6th. OUTFRONT Media's dividend payout ratio is presently 78.95%.

Analyst Ratings Changes

Several research firms have issued reports on OUT. Citigroup reissued a "buy" rating on shares of OUTFRONT Media in a research note on Thursday. JPMorgan Chase & Co. cut their price objective on OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, May 21st. Barrington Research restated an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Wall Street Zen lowered shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research note on Monday, May 12th. Finally, Morgan Stanley dropped 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 report on Thursday, May 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, OUTFRONT Media presently has a consensus rating of "Hold" and an average price target of $18.08.

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.