Land & Buildings Investment Management LLC Cuts Position in OUTFRONT Media Inc. (NYSE:OUT)

Land & Buildings Investment Management LLC trimmed its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 19.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,235,835 shares of the financial services provider's stock after selling 289,210 shares during the quarter. OUTFRONT Media comprises 4.4% of Land & Buildings Investment Management LLC's portfolio, making the stock its 13th largest holding. Land & Buildings Investment Management LLC owned about 0.76% of OUTFRONT Media worth $21,924,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Loomis Sayles & Co. L P acquired a new position in OUTFRONT Media in the 4th quarter valued at approximately $47,000. Sterling Capital Management LLC lifted its position in shares of OUTFRONT Media by 672.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock worth $51,000 after acquiring an additional 2,522 shares during the period. GAMMA Investing LLC increased its stake in OUTFRONT Media by 19.3% in the fourth quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider's stock valued at $67,000 after acquiring an additional 613 shares during the period. Smartleaf Asset Management LLC raised its stake in OUTFRONT Media by 155.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider's stock worth $73,000 after acquiring an additional 2,555 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of OUTFRONT Media by 47.9% in the fourth quarter. KBC Group NV now owns 6,198 shares of the financial services provider's stock valued at $110,000 after acquiring an additional 2,006 shares during the last quarter.

OUTFRONT Media Price Performance

Shares of OUTFRONT Media stock traded up $0.22 during trading on Thursday, reaching $16.38. 1,494,261 shares of the company's stock were exchanged, compared to its average volume of 1,684,750. The firm's 50-day moving average price is $15.43 and its 200 day moving average price is $17.55. The company has a market cap of $2.74 billion, a P/E ratio of 11.68, a PEG ratio of 1.06 and a beta of 1.84. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year 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.

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

OUTFRONT Media Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, June 6th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.20 annualized dividend and a yield of 7.33%. OUTFRONT Media's payout ratio is currently 78.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on OUT shares. Wells Fargo & Company decreased their price objective 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 decreased their price target on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. StockNews.com lowered shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research report on Monday. Finally, Barrington Research restated an "outperform" rating and set a $21.00 price objective on shares of OUTFRONT Media in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, OUTFRONT Media presently has a consensus rating of "Hold" and a consensus price target of $17.97.

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.