ValuEngine cut shares of OUTFRONT Media Inc. (NYSE:OUT) from a buy rating to a hold rating in a research note released on Friday morning.

Several other brokerages have also recently issued reports on OUT. TheStreet cut shares of OUTFRONT Media from a b- rating to a c rating in a research note on Friday, May 12th. Loop Capital raised shares of OUTFRONT Media from a hold rating to a buy rating and set a $27.00 price objective on the stock in a research note on Monday, June 5th. Zacks Investment Research raised shares of OUTFRONT Media from a sell rating to a hold rating in a research note on Monday, July 10th. BidaskClub cut shares of OUTFRONT Media from a sell rating to a strong sell rating in a research note on Thursday, August 3rd. Finally, Barrington Research reaffirmed an outperform rating and issued a $26.00 price objective (down previously from $29.00) on shares of OUTFRONT Media in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. OUTFRONT Media currently has an average rating of Hold and an average target price of $29.71.

Shares of OUTFRONT Media (NYSE OUT) opened at 21.91 on Friday. OUTFRONT Media has a 52-week low of $20.72 and a 52-week high of $27.89. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 29.25 and a beta of 1.14. The stock has a 50 day moving average of $22.44 and a 200 day moving average of $24.15.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.44 annualized dividend and a dividend yield of 6.57%. OUTFRONT Media’s dividend payout ratio is currently 189.48%.

Several institutional investors and hedge funds have recently made changes to their positions in OUT. Asset Management One Co. Ltd. grew its stake in shares of OUTFRONT Media by 5.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 3,785 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 210 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of OUTFRONT Media by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,106 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 478 shares in the last quarter. Pacad Investment Ltd. increased its position in shares of OUTFRONT Media by 54.3% in the second quarter. Pacad Investment Ltd. now owns 5,400 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 1,900 shares in the last quarter. Smithfield Trust Co. increased its position in shares of OUTFRONT Media by 435.6% in the second quarter. Smithfield Trust Co. now owns 5,742 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 4,670 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in shares of OUTFRONT Media by 47.5% in the first quarter. Quantbot Technologies LP now owns 6,419 shares of the financial services provider’s stock worth $170,000 after acquiring an additional 2,068 shares in the last quarter.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for OUTFRONT Media (NYSE:OUT)

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