Wealth Enhancement Advisory Services LLC Invests $365,000 in OUTFRONT Media Inc. (NYSE:OUT)

Wealth Enhancement Advisory Services LLC purchased a new position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 20,561 shares of the financial services provider's stock, valued at approximately $365,000.

Other large investors also recently modified their holdings of the company. Loomis Sayles & Co. L P purchased a new stake in shares of OUTFRONT Media during the 4th quarter worth approximately $47,000. Sterling Capital Management LLC increased its stake in shares of OUTFRONT Media by 672.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock worth $51,000 after purchasing an additional 2,522 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of OUTFRONT Media by 155.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider's stock worth $73,000 after purchasing an additional 2,555 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of OUTFRONT Media during the 4th quarter worth approximately $113,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of OUTFRONT Media during the 4th quarter worth approximately $192,000.

OUTFRONT Media Stock Performance

NYSE OUT opened at $15.61 on Friday. OUTFRONT Media Inc. has a 52-week low of $12.95 and a 52-week high of $19.98. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $2.61 billion, a P/E ratio of 11.12, a P/E/G ratio of 1.06 and a beta of 1.89. The company has a fifty day moving average of $15.57 and a 200-day moving average of $17.15.

OUTFRONT Media (NYSE:OUT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The company had revenue of $390.70 million for the quarter, compared to the consensus estimate of $396.17 million. As a group, equities research analysts predict that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, June 6th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 7.69%. The ex-dividend date was Friday, June 6th. OUTFRONT Media's dividend payout ratio is presently 78.95%.

Wall Street Analyst Weigh In

Several research analysts have commented on OUT shares. JPMorgan Chase & Co. cut their price target on shares of OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, May 21st. Citigroup reissued a "buy" rating and issued a $19.00 price target (up from $17.00) on shares of OUTFRONT Media in a report on Thursday, May 29th. Barrington Research reissued an "outperform" rating and issued a $21.00 price target on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Morgan Stanley decreased their price objective on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Finally, Wall Street Zen cut shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $18.23.

OUTFRONT Media 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.

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