GRS Advisors LLC Has $45.22 Million Holdings in OUTFRONT Media Inc. $OUT

GRS Advisors LLC increased its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 12.8% during the third quarter, Holdings Channel reports. The fund owned 2,468,232 shares of the financial services provider’s stock after purchasing an additional 279,326 shares during the period. OUTFRONT Media makes up about 4.2% of GRS Advisors LLC’s portfolio, making the stock its 11th biggest position. GRS Advisors LLC’s holdings in OUTFRONT Media were worth $45,218,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versor Investments LP bought a new position in OUTFRONT Media in the 3rd quarter valued at $1,259,000. Pacific Heights Asset Management LLC grew its holdings in shares of OUTFRONT Media by 40.0% during the third quarter. Pacific Heights Asset Management LLC now owns 700,000 shares of the financial services provider’s stock worth $12,824,000 after purchasing an additional 200,000 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of OUTFRONT Media by 41.9% during the third quarter. Nordea Investment Management AB now owns 474,055 shares of the financial services provider’s stock worth $8,670,000 after purchasing an additional 140,060 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of OUTFRONT Media by 26.3% during the second quarter. Russell Investments Group Ltd. now owns 585,338 shares of the financial services provider’s stock worth $9,553,000 after purchasing an additional 121,987 shares during the last quarter. Finally, Barnett & Company Inc. acquired a new stake in shares of OUTFRONT Media in the third quarter valued at $1,519,000.

OUTFRONT Media Trading Down 0.9%

Shares of NYSE OUT opened at $26.68 on Friday. OUTFRONT Media Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $29.27. The firm has a market capitalization of $4.70 billion, a P/E ratio of 33.35, a P/E/G ratio of 1.33 and a beta of 1.51. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.92 and a quick ratio of 0.92. The company’s 50 day simple moving average is $25.90 and its 200 day simple moving average is $22.26.

OUTFRONT Media (NYSE:OUT) last released its earnings results on Wednesday, February 25th. The financial services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.16). The business had revenue of $513.30 million for the quarter, compared to analyst estimates of $511.61 million. OUTFRONT Media had a return on equity of 24.86% and a net margin of 8.03%. On average, analysts predict that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, March 6th. OUTFRONT Media’s dividend payout ratio (DPR) is currently 150.00%.

Insider Activity at OUTFRONT Media

In related news, Director Manuel A. Diaz sold 11,271 shares of OUTFRONT Media stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $24.49, for a total transaction of $276,026.79. Following the completion of the sale, the director directly owned 47,515 shares of the company’s stock, valued at $1,163,642.35. The trade was a 19.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on OUT shares. Barrington Research lifted their price target on OUTFRONT Media from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Morgan Stanley raised shares of OUTFRONT Media from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $20.00 to $28.00 in a report on Tuesday, December 16th. Wall Street Zen raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Zacks Research lowered shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Wells Fargo & Company increased their price target on shares of OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $27.86.

About OUTFRONT Media

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.