Sumitomo Mitsui Trust Group Inc. Buys 153,617 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Sumitomo Mitsui Trust Group Inc. increased its position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 7.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,248,114 shares of the financial services provider's stock after purchasing an additional 153,617 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 1.35% of OUTFRONT Media worth $36,285,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of OUTFRONT Media by 1.9% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,005 shares of the financial services provider's stock valued at $532,000 after buying an additional 558 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its position in OUTFRONT Media by 5.6% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,237 shares of the financial services provider's stock worth $199,000 after purchasing an additional 596 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its stake in OUTFRONT Media by 4.1% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 15,993 shares of the financial services provider's stock worth $284,000 after purchasing an additional 629 shares during the period. Victory Capital Management Inc. boosted its holdings in OUTFRONT Media by 2.8% during the fourth quarter. Victory Capital Management Inc. now owns 26,340 shares of the financial services provider's stock valued at $467,000 after purchasing an additional 706 shares in the last quarter. Finally, Summit Investment Advisors Inc. boosted its holdings in OUTFRONT Media by 5.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 15,484 shares of the financial services provider's stock valued at $275,000 after purchasing an additional 812 shares in the last quarter.

OUTFRONT Media Trading Up 0.1%

NYSE OUT traded up $0.01 during trading hours on Friday, hitting $17.15. The company's stock had a trading volume of 664,893 shares, compared to its average volume of 1,666,014. The stock has a fifty day moving average of $16.10 and a 200 day moving average of $16.81. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 4.37. OUTFRONT Media Inc. has a twelve month low of $12.95 and a twelve month high of $19.98. The firm has a market capitalization of $2.87 billion, a P/E ratio of 11.29, a PEG ratio of 1.04 and a beta of 1.87.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). OUTFRONT Media had a net margin of 14.60% and a return on equity of 42.24%. The company had revenue of $390.70 million during the quarter, compared to the consensus estimate of $396.17 million. Equities research analysts forecast that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, June 6th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 7.00%. The ex-dividend date of this dividend was Friday, June 6th. OUTFRONT Media's payout ratio is 78.95%.

Insider Transactions at OUTFRONT Media

In other OUTFRONT Media news, EVP Richard H. Sauer sold 29,891 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $15.79, for a total value of $471,978.89. Following the sale, the executive vice president directly owned 90,945 shares in the company, valued at approximately $1,436,021.55. This trade represents a 24.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on OUT shares. Wall Street Zen lowered shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a report on Monday, May 12th. Wells Fargo & Company decreased their price target on OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Morgan Stanley reduced their price objective on OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Citigroup reissued a "buy" rating and set a $19.00 price target (up from $17.00) on shares of OUTFRONT Media in a research note on Thursday, May 29th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $18.23.

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.