Sumitomo Mitsui Trust Holdings Inc. Sells 371,748 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 19.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,555,362 shares of the financial services provider's stock after selling 371,748 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.94% of OUTFRONT Media worth $21,713,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in shares of OUTFRONT Media by 4.9% during the 3rd quarter. Wellington Management Group LLP now owns 2,857,027 shares of the financial services provider's stock valued at $28,856,000 after buying an additional 134,360 shares during the last quarter. DAVENPORT & Co LLC acquired a new stake in shares of OUTFRONT Media during the 4th quarter valued at about $9,774,000. Algert Global LLC lifted its holdings in shares of OUTFRONT Media by 141.5% during the 3rd quarter. Algert Global LLC now owns 819,828 shares of the financial services provider's stock valued at $8,280,000 after buying an additional 480,372 shares during the last quarter. Cove Street Capital LLC lifted its holdings in shares of OUTFRONT Media by 1,449.7% during the 3rd quarter. Cove Street Capital LLC now owns 240,200 shares of the financial services provider's stock valued at $2,426,000 after buying an additional 224,700 shares during the last quarter. Finally, Maven Securities LTD acquired a new stake in shares of OUTFRONT Media during the 3rd quarter valued at about $1,511,000.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. StockNews.com upgraded OUTFRONT Media from a "sell" rating to a "hold" rating in a report on Friday, February 23rd. TheStreet upgraded OUTFRONT Media from a "d+" rating to a "c-" rating in a report on Tuesday, March 5th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, OUTFRONT Media presently has an average rating of "Hold" and a consensus price target of $14.50.

OUTFRONT Media Stock Performance

OUT traded up $0.28 on Monday, hitting $15.11. The company had a trading volume of 1,152,952 shares, compared to its average volume of 2,005,842. OUTFRONT Media Inc. has a 1-year low of $8.18 and a 1-year high of $17.02. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of -5.66, a price-to-earnings-growth ratio of 0.97 and a beta of 1.87. The company's fifty day moving average price is $15.26 and its 200 day moving average price is $13.31. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.67 and a quick ratio of 0.67.

OUTFRONT Media Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 1st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.94%. OUTFRONT Media's dividend payout ratio (DPR) is presently -44.94%.

About OUTFRONT Media

OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.