Foyston Gordon & Payne Inc lessened its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 34.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 111,899 shares of the financial services provider’s stock after selling 58,001 shares during the period. Foyston Gordon & Payne Inc owned 0.08% of OUTFRONT Media worth $2,818,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of OUTFRONT Media by 10.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,690,108 shares of the financial services provider’s stock valued at $385,664,000 after acquiring an additional 1,460,082 shares during the period. Vanguard Group Inc. raised its holdings in OUTFRONT Media by 4.8% during the second quarter. Vanguard Group Inc. now owns 11,686,258 shares of the financial services provider’s stock worth $270,185,000 after buying an additional 535,730 shares during the last quarter. BlackRock Inc. raised its holdings in OUTFRONT Media by 7.6% during the second quarter. BlackRock Inc. now owns 7,891,111 shares of the financial services provider’s stock worth $182,443,000 after buying an additional 555,673 shares during the last quarter. Janus Henderson Group PLC acquired a new position in OUTFRONT Media during the second quarter worth $100,424,000. Finally, Deprince Race & Zollo Inc. raised its holdings in OUTFRONT Media by 1.4% during the third quarter. Deprince Race & Zollo Inc. now owns 3,022,935 shares of the financial services provider’s stock worth $76,118,000 after buying an additional 42,355 shares during the last quarter.
OUTFRONT Media Inc. (OUT) traded up $0.18 during midday trading on Monday, hitting $23.45. 1,085,100 shares of the stock traded hands, compared to its average volume of 859,870. OUTFRONT Media Inc. has a 12-month low of $20.82 and a 12-month high of $27.89. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $3,251.02, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 1.85 and a beta of 1.13.
OUTFRONT Media (NYSE:OUT) last posted its earnings results on Monday, November 6th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.20). OUTFRONT Media had a return on equity of 9.57% and a net margin of 7.71%. The firm had revenue of $392.40 million during the quarter, compared to the consensus estimate of $391.18 million. During the same quarter in the previous year, the company earned $0.63 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. equities analysts forecast that OUTFRONT Media Inc. will post 1.98 EPS for the current fiscal year.
The company also recently announced 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 of this dividend is Thursday, December 7th. This represents a $1.44 annualized dividend and a dividend yield of 6.14%. OUTFRONT Media’s payout ratio is 171.43%.
Several research analysts have weighed in on the stock. Loop Capital restated a “buy” rating and set a $28.00 price objective (up previously from $27.00) on shares of OUTFRONT Media in a report on Thursday, September 28th. ValuEngine downgraded shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of OUTFRONT Media from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Wells Fargo & Company restated an “outperform” rating and set a $30.00 price objective on shares of OUTFRONT Media in a report on Tuesday, October 3rd. Finally, Barrington Research restated an “outperform” rating and set a $26.00 price objective (down previously from $29.00) on shares of OUTFRONT Media in a report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $30.17.
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OUTFRONT Media 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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