Raymond James Financial Inc. Acquires Shares of 55,240 OUTFRONT Media Inc. (NYSE:OUT)

Raymond James Financial Inc. purchased a new position in OUTFRONT Media Inc. (NYSE:OUT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,240 shares of the financial services provider's stock, valued at approximately $980,000.

Other institutional investors have also added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of OUTFRONT Media by 1.9% during the 4th 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 buying an additional 558 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of OUTFRONT Media by 19.3% during the fourth quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider's stock worth $67,000 after acquiring an additional 613 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in shares of OUTFRONT Media by 4.0% in the 4th quarter. Moody National Bank Trust Division now owns 18,028 shares of the financial services provider's stock worth $320,000 after acquiring an additional 698 shares during the last quarter. Victory Capital Management Inc. boosted 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 in the last quarter. Finally, Journey Strategic Wealth LLC grew its holdings in shares of OUTFRONT Media by 10.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 11,394 shares of the financial services provider's stock valued at $202,000 after purchasing an additional 1,090 shares during the last quarter.

OUTFRONT Media Trading Down 2.8 %

NYSE:OUT traded down $0.43 during mid-day trading on Friday, reaching $14.96. 1,748,087 shares of the company's stock traded hands, compared to its average volume of 1,676,436. The company has a 50 day moving average price of $15.59 and a 200-day moving average price of $17.63. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 10.66, a PEG 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 $11.00 and a 12-month high of $19.98.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The company had revenue of $390.70 million during the quarter, compared to analysts' expectations of $396.17 million. On average, sell-side analysts predict that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.02%. The ex-dividend date is Friday, June 6th. OUTFRONT Media's dividend payout ratio (DPR) is presently 81.63%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Barrington Research reissued an "outperform" rating and issued a $21.00 price target on shares of OUTFRONT Media in a research note on Wednesday, April 23rd. Wells Fargo & Company lowered their target price on OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday. Finally, Morgan Stanley reduced their price target on OUTFRONT Media from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $17.97.

OUTFRONT Media Company 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.