OUTFRONT Media Inc. $OUT Shares Acquired by Uniplan Investment Counsel Inc.

Key Points

• Uniplan Investment Counsel Inc. significantly increased its stake in OUTFRONT Media Inc. by 93.4%, acquiring an additional 208,099 shares, bringing its total ownership to approximately $6.95 million.
• Recent insider transactions included EVP Mark Emilio Bonanni selling 4,126 shares, while major shareholder Pep Viii Gp LLC sold 8.4 million shares for over $151 million, indicating significant insider movement.
• OUTFRONT Media's stock recently saw a price drop of 2.0%, with analysts providing mixed ratings, resulting in an average rating of "Moderate Buy" and a price target of $19.00.

Uniplan Investment Counsel Inc. boosted its position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 93.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 430,812 shares of the financial services provider's stock after buying an additional 208,099 shares during the period. Uniplan Investment Counsel Inc. owned approximately 0.26% of OUTFRONT Media worth $6,953,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. SVB Wealth LLC acquired a new stake in shares of OUTFRONT Media in the 1st quarter worth $28,000. Caitong International Asset Management Co. Ltd raised its stake in shares of OUTFRONT Media by 158.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,331 shares of the financial services provider's stock worth $54,000 after buying an additional 2,041 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of OUTFRONT Media in the first quarter valued at approximately $74,000. Lazard Asset Management LLC acquired a new position in OUTFRONT Media during the fourth quarter worth $113,000. Finally, IFP Advisors Inc grew its holdings in OUTFRONT Media by 97.6% during the first quarter. IFP Advisors Inc now owns 6,708 shares of the financial services provider's stock worth $113,000 after acquiring an additional 3,313 shares during the period.

OUTFRONT Media Price Performance

Shares of OUT stock traded up $0.16 during mid-day trading on Friday, reaching $18.89. The stock had a trading volume of 300,812 shares, compared to its average volume of 1,588,753. OUTFRONT Media Inc. has a 12-month low of $12.95 and a 12-month high of $19.80. The company has a market cap of $3.16 billion, a P/E ratio of 32.33, a price-to-earnings-growth ratio of 1.09 and a beta of 1.87. The business has a 50-day simple moving average of $18.10 and a 200 day simple moving average of $16.72. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.60.

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

OUTFRONT Media Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have commented on OUT. Citigroup restated a "buy" rating and set a $19.00 target price (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 research note on Wednesday, August 6th. JPMorgan Chase & Co. lowered their target price on shares of OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 21st. Morgan Stanley increased their target price 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. Finally, Wall Street Zen upgraded shares of OUTFRONT Media from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, OUTFRONT Media has a consensus rating of "Moderate Buy" and an average target price of $19.00.

Insider Activity

In other 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 stock was 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 in the company, valued at $160,983,462.78. This trade represents a 48.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark Emilio Bonanni sold 4,126 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $19.38, for a total value of $79,961.88. Following the sale, the executive vice president directly owned 4,170 shares in the company, valued at approximately $80,814.60. The trade was a 49.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,424,235 shares of company stock worth $152,103,293 over the last 90 days. 0.47% of the stock is currently owned by corporate insiders.

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.