Uniplan Investment Counsel Inc. Acquires Shares of 222,713 OUTFRONT Media Inc. (NYSE:OUT)

Uniplan Investment Counsel Inc. bought a new stake in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 222,713 shares of the financial services provider's stock, valued at approximately $3,951,000. Uniplan Investment Counsel Inc. owned approximately 0.14% of OUTFRONT Media as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Loomis Sayles & Co. L P purchased a new position in OUTFRONT Media during the fourth quarter valued at $47,000. Sterling Capital Management LLC lifted its position in OUTFRONT Media by 672.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 2,522 shares in the last quarter. GAMMA Investing LLC lifted its position in OUTFRONT Media by 19.3% during the fourth quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider's stock valued at $67,000 after purchasing an additional 613 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in OUTFRONT Media by 155.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider's stock valued at $73,000 after purchasing an additional 2,555 shares in the last quarter. Finally, KBC Group NV lifted its position in OUTFRONT Media by 47.9% during the fourth quarter. KBC Group NV now owns 6,198 shares of the financial services provider's stock valued at $110,000 after purchasing an additional 2,006 shares in the last quarter.

OUTFRONT Media Price Performance

Shares of OUTFRONT Media stock traded up $0.03 during trading hours on Friday, hitting $15.02. The company's stock had a trading volume of 1,149,191 shares, compared to its average volume of 1,707,331. The business has a 50 day moving average price of $16.12 and a two-hundred day moving average price of $17.85. OUTFRONT Media Inc. has a 12-month low of $12.95 and a 12-month high of $19.98. The company has a market cap of $2.51 billion, a PE ratio of 10.70, 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 earnings results on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.06. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The firm had revenue of $493.20 million for the quarter, compared to analysts' expectations of $490.42 million. Analysts expect that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.20 annualized dividend and a dividend yield of 7.99%. OUTFRONT Media's dividend payout ratio (DPR) is 81.63%.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, OUTFRONT Media has a consensus rating of "Hold" and a consensus price target of $19.37.

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.