Louisiana State Employees Retirement System Makes New Investment in OUTFRONT Media Inc. (NYSE:OUT)

Louisiana State Employees Retirement System 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 72,700 shares of the financial services provider's stock, valued at approximately $1,015,000.

Other large investors also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of OUTFRONT Media by 50.8% in the 3rd quarter. FMR LLC now owns 6,300,057 shares of the financial services provider's stock valued at $63,631,000 after purchasing an additional 2,122,950 shares in the last quarter. Invesco Ltd. lifted its position in OUTFRONT Media by 39.5% during the third quarter. Invesco Ltd. now owns 4,543,787 shares of the financial services provider's stock valued at $45,892,000 after buying an additional 1,285,752 shares in the last quarter. Wellington Management Group LLP grew its stake in OUTFRONT Media by 4.9% during the third quarter. Wellington Management Group LLP now owns 2,857,027 shares of the financial services provider's stock worth $28,856,000 after buying an additional 134,360 shares during the period. Lasalle Investment Management Securities LLC increased its position in shares of OUTFRONT Media by 80.9% in the third quarter. Lasalle Investment Management Securities LLC now owns 2,849,449 shares of the financial services provider's stock worth $28,779,000 after acquiring an additional 1,273,878 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of OUTFRONT Media by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,775,649 shares of the financial services provider's stock valued at $28,034,000 after acquiring an additional 136,494 shares during the period.

Wall Street Analyst Weigh In

OUT has been the subject of a number of research reports. StockNews.com raised shares of OUTFRONT Media from a "sell" rating to a "hold" rating in a research report on Friday, February 23rd. TheStreet raised OUTFRONT Media from a "d+" rating to a "c-" rating in a research report on Tuesday, March 5th. Four investment 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, the company has a consensus rating of "Hold" and a consensus target price of $14.50.

OUTFRONT Media Stock Down 0.7 %

OUTFRONT Media stock traded down $0.11 during midday trading on Thursday, hitting $15.34. 1,330,635 shares of the stock were exchanged, compared to its average volume of 1,978,067. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.67 and a quick ratio of 0.67. The company has a 50 day moving average price of $15.40 and a two-hundred day moving average price of $13.42. The firm has a market cap of $2.54 billion, a P/E ratio of -5.79, a P/E/G ratio of 1.01 and a beta of 1.87. OUTFRONT Media Inc. has a 1 year low of $8.18 and a 1 year high of $17.02.

OUTFRONT Media Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 1st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.82%. The ex-dividend date of this dividend was Thursday, February 29th. OUTFRONT Media's dividend payout ratio (DPR) is -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.