OUTFRONT Media Inc. $OUT Shares Acquired by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its OUTFRONT Media holdings by 24.1% in the first quarter, bringing its position to 177,269 shares worth approximately $4.7 million.
• OUTFRONT reported strong second-quarter results, with FFO of $0.68 per share and revenue up 13.5% to $522.5 million, driven by transit, billboard and digital advertising growth.
• The company raised its quarterly dividend by 10% to $0.33 per share, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and several $38 price targets.

California State Teachers Retirement System lifted its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 24.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 177,269 shares of the financial services provider's stock after acquiring an additional 34,403 shares during the period. California State Teachers Retirement System owned approximately 0.10% of OUTFRONT Media worth $4,698,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in OUTFRONT Media during the 3rd quarter worth about $29,000. Farther Finance Advisors LLC raised its stake in shares of OUTFRONT Media by 157.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider's stock worth $56,000 after purchasing an additional 1,431 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of OUTFRONT Media during the fourth quarter worth about $71,000. State of Wyoming lifted its holdings in shares of OUTFRONT Media by 155.5% during the second quarter. State of Wyoming now owns 7,973 shares of the financial services provider's stock worth $130,000 after purchasing an additional 4,853 shares during the period. Finally, North Star Investment Management Corp. purchased a new stake in OUTFRONT Media in the first quarter valued at approximately $222,000.

Key OUTFRONT Media News

Here are the key news stories impacting OUTFRONT Media this week:

• Positive Sentiment: OUTFRONT reported second-quarter funds from operations (FFO) of $0.68 per share, above the $0.59 consensus estimate and up from $0.51 a year earlier. Revenue rose 13.5% to $522.5 million, exceeding estimates of $509.6 million. OUTFRONT Media Tops Q2 FFO and Revenue Estimates
• Positive Sentiment: Results benefited from growth in transit and billboard advertising, digital gains and revenue connected to the FIFA World Cup. The combination of stronger operating trends and an FFO beat could improve expectations for the company’s advertising business. OUT Q2 FFO Beat Estimates on Transit and Billboard Growth
• Positive Sentiment: Wells Fargo raised its price target for OUT from $35 to $38 and maintained an Overweight rating, implying approximately 22% upside from the reference price. Wells Fargo Raises OUTFRONT Media Price Target
• Positive Sentiment: The company increased its quarterly dividend by 10% to $0.33 per share, or approximately $1.32 annualized. The higher payout, with a reported yield of about 4.2%, strengthens OUTFRONT’s income appeal. Outfront Media Boosts Quarterly Dividend 10%
• Positive Sentiment: OUTFRONT signed a multiyear exclusive agreement with the New York Jets, adding a prominent sports property to its out-of-home advertising portfolio and potentially supporting future media and sponsorship revenue. Outfront Media Signs Agreement With New York Jets
• Neutral Sentiment: The earnings presentation and conference-call materials provide additional details on second-quarter performance and management’s outlook, but no separate material negative catalyst was identified in the supplied reports. OUTFRONT Media 2026 Q2 Results Presentation

Insider Activity at OUTFRONT Media

In other news, EVP Richard H. Sauer sold 5,000 shares of OUTFRONT Media stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total value of $160,400.00. Following the sale, the executive vice president owned 56,947 shares in the company, valued at $1,826,859.76. This trade represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP James Michael Norton bought 4,130 shares of the business's stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $30.81 per share, with a total value of $127,245.30. Following the purchase, the executive vice president directly owned 4,130 shares of the company's stock, valued at approximately $127,245.30. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 20,000 shares of company stock valued at $629,600. Corporate insiders own 0.45% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on OUT. Wall Street Zen downgraded shares of OUTFRONT Media from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 26th. Barrington Research set a $38.00 target price on shares of OUTFRONT Media in a report on Tuesday, May 12th. JPMorgan Chase & Co. restated an "overweight" rating and set a $38.00 target price on shares of OUTFRONT Media in a research report on Wednesday, July 22nd. Wells Fargo & Company increased their price target on OUTFRONT Media from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Morgan Stanley set a $37.00 price objective on OUTFRONT Media in a research note on Friday, May 8th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $34.00.

OUTFRONT Media Stock Down 0.0%

OUT stock opened at $31.14 on Friday. OUTFRONT Media Inc. has a one year low of $16.64 and a one year high of $34.96. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.82 and a current ratio of 0.67. The firm's fifty day moving average is $32.05 and its 200 day moving average is $29.61. The firm has a market cap of $5.48 billion, a PE ratio of 22.40, a P/E/G ratio of 1.48 and a beta of 1.49.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.06. OUTFRONT Media had a net margin of 12.66% and a return on equity of 37.44%. The business had revenue of $429.60 million during the quarter, compared to the consensus estimate of $431.44 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The company's revenue was up 10.0% compared to the same quarter last year. On average, research analysts forecast that OUTFRONT Media Inc. will post 2.11 EPS for the current year.

OUTFRONT Media Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.2%. This is a boost from OUTFRONT Media's previous quarterly dividend of $0.30. The ex-dividend date is Friday, September 4th. OUTFRONT Media's dividend payout ratio (DPR) is presently 114.29%.

OUTFRONT Media Profile

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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