Dimensional Fund Advisors LP acquired a new position in shares of OUTFRONT Media Inc. (NYSE:OUT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 390,282 shares of the financial services provider’s stock, valued at approximately $9,023,000. Dimensional Fund Advisors LP owned about 0.28% of OUTFRONT Media at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Schnieders Capital Management LLC raised its holdings in OUTFRONT Media by 0.8% during the 2nd quarter. Schnieders Capital Management LLC now owns 11,925 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 100 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in OUTFRONT Media by 2.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 11,034 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 244 shares during the last quarter. Piermont Capital Management Inc. raised its holdings in OUTFRONT Media by 0.3% during the 2nd quarter. Piermont Capital Management Inc. now owns 99,810 shares of the financial services provider’s stock worth $2,308,000 after purchasing an additional 310 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in OUTFRONT Media by 0.7% during the 1st quarter. Public Employees Retirement System of Ohio now owns 62,038 shares of the financial services provider’s stock worth $1,647,000 after purchasing an additional 444 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in OUTFRONT Media by 10.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,106 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 478 shares during the last quarter. 98.83% of the stock is owned by hedge funds and other institutional investors.
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Shares of OUTFRONT Media Inc. (NYSE OUT) opened at $24.20 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market capitalization of $3,400.00, a PE ratio of 12.33, a PEG ratio of 1.88 and a beta of 1.15. OUTFRONT Media Inc. has a 52 week low of $20.82 and a 52 week high of $27.89.
OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.20). The company had revenue of $392.40 million during the quarter, compared to the consensus estimate of $391.18 million. OUTFRONT Media had a net margin of 7.71% and a return on equity of 9.57%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.63 earnings per share. sell-side analysts predict that OUTFRONT Media Inc. will post 2.01 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a $0.36 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.95%. OUTFRONT Media’s dividend payout ratio (DPR) is presently 171.43%.
OUT has been the subject of several recent research reports. BidaskClub cut OUTFRONT Media from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Barrington Research reissued an “outperform” rating and set a $26.00 price objective (down from $29.00) on shares of OUTFRONT Media in a report on Monday, August 14th. ValuEngine cut OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Loop Capital reaffirmed a “buy” rating and issued a $28.00 price target (up from $27.00) on shares of OUTFRONT Media in a research note on Thursday, September 28th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $30.00 price target on shares of OUTFRONT Media in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. OUTFRONT Media has a consensus rating of “Hold” and an average target price of $30.17.
OUTFRONT Media Company Profile
OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.
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