Raymond James Financial Inc. Invests $980,000 in OUTFRONT Media Inc. (NYSE:OUT)

Raymond James Financial Inc. purchased a new position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 55,240 shares of the financial services provider's stock, valued at approximately $980,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OUT. Loomis Sayles & Co. L P purchased a new position in OUTFRONT Media in the fourth quarter valued at about $47,000. GAMMA Investing LLC lifted its holdings in 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 during the last quarter. Smartleaf Asset Management LLC lifted its holdings in 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 last quarter. KBC Group NV lifted its holdings in OUTFRONT Media by 47.9% during the 4th quarter. KBC Group NV now owns 6,198 shares of the financial services provider's stock worth $110,000 after buying an additional 2,006 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in OUTFRONT Media during the 4th quarter worth approximately $192,000.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Morgan Stanley dropped 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. Wells Fargo & Company dropped their price target on OUTFRONT Media from $22.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Barrington Research reiterated an "outperform" rating and set a $21.00 price target on shares of OUTFRONT Media in a research report on Wednesday, April 23rd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.97.

OUTFRONT Media Stock Performance

Shares of OUTFRONT Media stock traded down $0.43 during trading on Friday, reaching $14.96. The company's stock had a trading volume of 1,748,087 shares, compared to its average volume of 1,675,549. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. The business's fifty day moving average price is $15.53 and its 200-day moving average price is $17.58. The firm 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. OUTFRONT Media Inc. has a one year low of $12.95 and a one year high of $19.98.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its earnings results on Thursday, May 8th. The financial services provider reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The firm had revenue of $390.70 million for the quarter, compared to analyst estimates of $396.17 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. As a group, equities research analysts predict that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, June 6th will be paid a $0.30 dividend. 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 currently 81.63%.

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.