Capital Guardian Trust Co. Has $12,758,000 Stake in OUTFRONT Media Inc. (OUT)
Capital Guardian Trust Co. maintained its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 551,816 shares of the financial services provider’s stock at the close of the 2nd quarter. Capital Guardian Trust Co. owned approximately 0.40% of OUTFRONT Media worth $12,758,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. HighTower Advisors LLC raised its position in OUTFRONT Media by 1.6% in the 2nd quarter. HighTower Advisors LLC now owns 726,449 shares of the financial services provider’s stock valued at $16,800,000 after buying an additional 11,641 shares during the last quarter. OxFORD Asset Management LLP lifted its stake in OUTFRONT Media by 3.2% during the 2nd quarter. OxFORD Asset Management LLP now owns 34,268 shares of the financial services provider’s stock valued at $792,000 after acquiring an additional 1,059 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in OUTFRONT Media during the 2nd quarter valued at $9,023,000. TLP Group LLC bought a new position in OUTFRONT Media during the 2nd quarter valued at $247,000. Finally, Sapience Investments LLC lifted its stake in OUTFRONT Media by 5.3% during the 2nd quarter. Sapience Investments LLC now owns 651,660 shares of the financial services provider’s stock valued at $15,066,000 after acquiring an additional 32,510 shares in the last quarter.
OUTFRONT Media Inc. (NYSE:OUT) traded down 3.73% on Monday, reaching $24.24. The company’s stock had a trading volume of 280,186 shares. The company’s 50 day moving average price is $21.93 and its 200-day moving average price is $23.72. The stock has a market cap of $3.36 billion, a PE ratio of 32.36 and a beta of 1.19. OUTFRONT Media Inc. has a 12-month low of $20.82 and a 12-month high of $27.89.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.72%. The ex-dividend date was Thursday, September 7th. OUTFRONT Media’s dividend payout ratio (DPR) is currently 189.48%.
Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research note on Monday, July 10th. ValuEngine downgraded shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Loop Capital reissued a “buy” rating and set a $28.00 price target (up from $27.00) on shares of OUTFRONT Media in a research report on Thursday. BidaskClub lowered shares of OUTFRONT Media from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Finally, Barrington Research restated an “outperform” rating and set a $26.00 price target (down from $29.00) on shares of OUTFRONT Media in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.86.
TRADEMARK VIOLATION WARNING: This story was reported by Watch List News and is owned by of Watch List News. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://www.watchlistnews.com/capital-guardian-trust-co-has-12758000-stake-in-outfront-media-inc-out/1603383.html.
About OUTFRONT Media
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.
Want to see what other hedge funds are holding OUT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OUTFRONT Media Inc. (NYSE:OUT).
Receive News & Ratings for OUTFRONT Media Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OUTFRONT Media Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.