Pensionfund DSM Netherlands Invests $381,000 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 shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 23,617 shares of the financial services provider's stock, valued at approximately $381,000.

Other large investors also recently modified their holdings of the company. SVB Wealth LLC acquired a new position in shares of OUTFRONT Media during the first quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd lifted its holdings in OUTFRONT Media by 158.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 3,331 shares of the financial services provider's stock valued at $54,000 after buying an additional 2,041 shares during the period. Rossby Financial LCC acquired a new position in OUTFRONT Media in the first quarter valued at approximately $74,000. Lazard Asset Management LLC acquired a new position in OUTFRONT Media in the fourth quarter valued at approximately $113,000. Finally, IFP Advisors Inc lifted its holdings in 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 buying an additional 3,313 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on OUT shares. Wells Fargo & Company restated an "overweight" rating on shares of OUTFRONT Media in a report on Sunday, July 20th. Morgan Stanley increased their price objective on shares of OUTFRONT Media from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Wall Street Zen upgraded shares of OUTFRONT Media from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. cut their price objective on shares of OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, May 21st. Finally, Barrington Research restated an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $19.00.

OUTFRONT Media Trading Up 1.1%

Shares of NYSE:OUT opened at $18.94 on Friday. OUTFRONT Media Inc. has a 12 month low of $12.95 and a 12 month high of $19.80. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 4.60. The company's fifty day simple moving average is $18.14 and its 200 day simple moving average is $16.73. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 1.10 and a beta of 1.87.

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

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.20 dividend on an annualized basis and a yield of 6.3%. OUTFRONT Media's dividend payout ratio (DPR) is 206.90%.

Insider Activity at OUTFRONT Media

In related news, major shareholder Pep Viii Gp Llc sold 8,400,000 shares of the firm's stock in a transaction 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 completion of the transaction, the insider owned 8,913,813 shares of the company's stock, valued at approximately $160,983,462.78. This trade represents a 48.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Emilio Bonanni sold 4,126 shares of OUTFRONT Media stock in a transaction dated 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 transaction, the executive vice president directly owned 4,170 shares of the company's stock, valued at approximately $80,814.60. This trade represents a 49.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,424,235 shares of company stock valued at $152,103,293. 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.

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