Loop Capital reaffirmed their buy rating on shares of OUTFRONT Media Inc. (NYSE:OUT) in a research note issued to investors on Thursday, The Fly reports. They currently have a $28.00 price objective on the financial services provider’s stock, up from their previous price objective of $27.00.

OUT has been the subject of several other research reports. BidaskClub downgraded OUTFRONT Media from a sell rating to a strong sell rating in a report on Thursday, August 3rd. ValuEngine downgraded OUTFRONT Media from a buy rating to a hold rating in a report on Friday, September 1st. Barrington Research reissued an outperform rating and issued a $26.00 price target (down previously from $29.00) on shares of OUTFRONT Media in a report on Monday, August 14th. Finally, Zacks Investment Research raised OUTFRONT Media from a sell rating to a hold rating in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $29.86.

OUTFRONT Media (NYSE OUT) opened at 25.18 on Thursday. The firm has a 50-day moving average price of $21.93 and a 200-day moving average price of $23.72. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 33.62 and a beta of 1.14. OUTFRONT Media has a 12 month low of $20.82 and a 12 month high of $27.89.

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The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date of this dividend was Thursday, September 7th. OUTFRONT Media’s dividend payout ratio (DPR) is 189.48%.

Institutional investors have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. lifted its holdings in shares of OUTFRONT Media by 5.9% during the first 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 period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of OUTFRONT Media by 10.3% during the second 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 period. Pacad Investment Ltd. lifted its holdings in shares of OUTFRONT Media by 54.3% during the second quarter. Pacad Investment Ltd. now owns 5,400 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 1,900 shares during the period. Smithfield Trust Co. lifted its holdings in shares of OUTFRONT Media by 435.6% during the second quarter. Smithfield Trust Co. now owns 5,742 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 4,670 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in shares of OUTFRONT Media by 47.5% during the first quarter. Quantbot Technologies LP now owns 6,419 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 2,068 shares during the period.

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.

The Fly

Analyst Recommendations for OUTFRONT Media (NYSE:OUT)

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