OUTFRONT Media Inc. (NYSE:OUT) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 2.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,906,897 shares of the financial services provider's stock after selling 52,835 shares during the period. Dimensional Fund Advisors LP owned approximately 1.18% of OUTFRONT Media worth $33,828,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in OUTFRONT Media by 1.9% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,005 shares of the financial services provider's stock valued at $532,000 after acquiring an additional 558 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of OUTFRONT Media by 19.3% during the 4th quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider's stock worth $67,000 after purchasing an additional 613 shares during the period. Moody National Bank Trust Division increased its holdings in shares of OUTFRONT Media by 4.0% during the 4th quarter. Moody National Bank Trust Division now owns 18,028 shares of the financial services provider's stock valued at $320,000 after purchasing an additional 698 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of OUTFRONT Media by 2.8% in the 4th quarter. Victory Capital Management Inc. now owns 26,340 shares of the financial services provider's stock valued at $467,000 after purchasing an additional 706 shares during the period. Finally, Summit Investment Advisors Inc. boosted its holdings in OUTFRONT Media by 5.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 15,484 shares of the financial services provider's stock worth $275,000 after buying an additional 812 shares in the last quarter.

OUTFRONT Media Trading Up 2.1 %

OUT stock opened at $15.72 on Monday. OUTFRONT Media Inc. has a 12-month low of $12.95 and a 12-month high of $19.98. The business's 50-day moving average is $15.82 and its 200 day moving average is $17.72. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 1.06 and a beta of 1.84.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. The firm had revenue of $493.20 million during the quarter, compared to analysts' expectations of $490.42 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. On average, sell-side analysts anticipate that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 7.63%. The ex-dividend date was Friday, March 7th. OUTFRONT Media's dividend payout ratio is currently 81.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OUT shares. Morgan Stanley decreased their price objective on shares of OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday. Barrington Research reaffirmed an "outperform" rating and issued a $21.00 price target on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, OUTFRONT Media presently has a consensus rating of "Hold" and a consensus price target of $19.08.

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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