Pensionfund DSM Netherlands Purchases New Holdings in OUTFRONT Media Inc. $OUT

Key Points

• Pensionfund DSM Netherlands has invested approximately $381,000 in OUTFRONT Media Inc., acquiring 23,617 shares in the first quarter.
• Multiple analysts have issued ratings on OUTFRONT Media, with Wells Fargo restating an "overweight" rating and Barrington Research maintaining an "outperform" rating with a price target of $21.00.
• OUTFRONT Media recently announced a quarterly dividend of $0.30 per share, representing an annual yield of 6.3%, with a payout ratio of 206.90%.

Pensionfund DSM Netherlands bought a new position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 23,617 shares of the financial services provider's stock, valued at approximately $381,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Invesco Ltd. boosted its position in OUTFRONT Media by 7.6% during the 1st quarter. Invesco Ltd. now owns 7,836,183 shares of the financial services provider's stock worth $126,476,000 after purchasing an additional 555,568 shares during the period. Goldman Sachs Group Inc. boosted its position in OUTFRONT Media by 9.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider's stock worth $80,393,000 after purchasing an additional 448,993 shares during the period. Wellington Management Group LLP boosted its position in OUTFRONT Media by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 4,115,268 shares of the financial services provider's stock worth $73,005,000 after purchasing an additional 342,413 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in OUTFRONT Media by 7.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,248,114 shares of the financial services provider's stock worth $36,285,000 after purchasing an additional 153,617 shares during the period. Finally, LSV Asset Management boosted its position in OUTFRONT Media by 25.7% during the 1st quarter. LSV Asset Management now owns 2,005,448 shares of the financial services provider's stock worth $32,368,000 after purchasing an additional 410,086 shares during the period.

OUTFRONT Media Stock Up 0.8%

Shares of OUTFRONT Media stock traded up $0.15 during trading on Thursday, reaching $18.89. The company had a trading volume of 309,171 shares, compared to its average volume of 1,585,023. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 32.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.87. The firm's fifty day moving average is $18.25 and its 200-day moving average is $16.74. The company has a debt-to-equity ratio of 4.60, a quick ratio of 0.61 and a current ratio of 0.61. OUTFRONT Media Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $19.80.

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

OUTFRONT Media Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Friday, September 5th. OUTFRONT Media's dividend payout ratio is 206.90%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on OUT shares. Wells Fargo & Company reaffirmed an "overweight" rating on shares of OUTFRONT Media in a research report on Sunday, July 20th. Citigroup reaffirmed a "buy" rating and set a $19.00 price target (up from $17.00) on shares of OUTFRONT Media in a research report on Thursday, May 29th. Barrington Research reiterated an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, August 6th. Morgan Stanley upped their price objective 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. Finally, Wall Street Zen raised shares of OUTFRONT Media from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, OUTFRONT Media currently has an average rating of "Moderate Buy" and an average price target of $19.00.

Insider Transactions at OUTFRONT Media

In other OUTFRONT Media news, major shareholder Pep Viii Gp Llc sold 8,400,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $18.06, for a total value of $151,704,000.00. Following the sale, the insider owned 8,913,813 shares in the company, valued at approximately $160,983,462.78. This trade represents a 48.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark Emilio Bonanni sold 4,126 shares of the firm'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 transaction of $79,961.88. Following the completion of the sale, the executive vice president owned 4,170 shares in the company, valued at $80,814.60. The trade was a 49.73% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company's stock.

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.