OUTFRONT Media Inc. (NYSE:OUT) Shares Purchased by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC raised its stake in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,146,553 shares of the financial services provider's stock after purchasing an additional 64,072 shares during the quarter. OUTFRONT Media comprises 2.4% of Lasalle Investment Management Securities LLC's holdings, making the stock its 19th biggest position. Lasalle Investment Management Securities LLC owned approximately 1.94% of OUTFRONT Media worth $55,820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. FMR LLC increased its holdings in OUTFRONT Media by 132.5% in the 4th quarter. FMR LLC now owns 15,604,202 shares of the financial services provider's stock worth $276,819,000 after buying an additional 8,892,411 shares during the period. Cohen & Steers Inc. boosted its holdings in shares of OUTFRONT Media by 87.8% in the 4th quarter. Cohen & Steers Inc. now owns 5,243,211 shares of the financial services provider's stock valued at $93,015,000 after acquiring an additional 2,450,632 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of OUTFRONT Media by 403.1% in the third quarter. JPMorgan Chase & Co. now owns 2,687,678 shares of the financial services provider's stock worth $49,400,000 after acquiring an additional 2,153,423 shares during the period. LSV Asset Management increased its stake in shares of OUTFRONT Media by 6,623.5% in the fourth quarter. LSV Asset Management now owns 1,595,362 shares of the financial services provider's stock worth $28,302,000 after acquiring an additional 1,571,634 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of OUTFRONT Media by 79.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,001,402 shares of the financial services provider's stock worth $35,505,000 after purchasing an additional 886,605 shares during the last quarter.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an "outperform" rating and issued a $21.00 price target on shares of OUTFRONT Media in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $19.37.

OUTFRONT Media Stock Performance

Shares of OUT traded down $0.14 during trading hours on Friday, hitting $14.85. The stock had a trading volume of 429,918 shares, compared to its average volume of 1,705,949. The firm has a 50-day moving average price of $16.21 and a 200 day moving average price of $17.89. OUTFRONT Media Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $19.98. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.06 and a beta of 1.79. 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 issued its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.06. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The business had revenue of $493.20 million during the quarter, compared to the consensus estimate of $490.42 million. As a group, research analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 8.08%. OUTFRONT Media's dividend payout ratio is currently 81.63%.

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.