Dimensional Fund Advisors LP lowered its position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,906,897 shares of the financial services provider's stock after selling 52,835 shares during the quarter. Dimensional Fund Advisors LP owned about 1.18% of OUTFRONT Media worth $33,828,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. Loomis Sayles & Co. L P acquired a new position in shares of OUTFRONT Media in the 4th quarter valued at about $47,000. Sterling Capital Management LLC lifted its stake in OUTFRONT Media by 672.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock valued at $51,000 after buying an additional 2,522 shares during the period. GAMMA Investing LLC boosted its holdings 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 buying an additional 613 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of OUTFRONT Media by 155.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider's stock worth $73,000 after buying an additional 2,555 shares during the period. Finally, KBC Group NV increased its stake in shares of OUTFRONT Media by 47.9% in the 4th 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 in the last quarter.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on OUT. Barrington Research restated an "outperform" rating and issued a $21.00 price target on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Morgan Stanley reduced their price objective on 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. Finally, Wells Fargo & Company decreased their price objective on OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a report on Friday. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $17.97.
Get Our Latest Analysis on OUT
OUTFRONT Media Stock Down 2.8 %
Shares of OUT stock traded down $0.43 during trading hours on Friday, reaching $14.96. The company had a trading volume of 1,748,087 shares, compared to its average volume of 1,675,549. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 1.06 and a beta of 1.84. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. OUTFRONT Media Inc. has a 12 month low of $12.95 and a 12 month high of $19.98. The business has a fifty day simple moving average of $15.53 and a 200-day simple moving average of $17.59.
OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $390.70 million for the quarter, compared to the consensus estimate of $396.17 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. On average, research analysts expect that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.
OUTFRONT Media Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, June 6th will be paid a $0.30 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.20 annualized dividend and a yield of 8.02%. OUTFRONT Media's dividend payout ratio (DPR) is 81.63%.
OUTFRONT Media Profile
(
Free Report)
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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