IMS Capital Management increased its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 49.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,410 shares of the financial services provider’s stock after buying an additional 11,660 shares during the period. IMS Capital Management’s holdings in OUTFRONT Media were worth $819,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Schnieders Capital Management LLC increased its position in shares of OUTFRONT Media by 0.8% in the second quarter. Schnieders Capital Management LLC now owns 11,925 shares of the financial services provider’s stock worth $276,000 after buying an additional 100 shares during the period. Asset Management One Co. Ltd. increased its position in shares of OUTFRONT Media by 5.9% in the first quarter. Asset Management One Co. Ltd. now owns 3,785 shares of the financial services provider’s stock worth $100,000 after buying an additional 210 shares during the period. Teacher Retirement System of Texas increased its position in shares of OUTFRONT Media by 2.3% in the second quarter. Teacher Retirement System of Texas now owns 11,034 shares of the financial services provider’s stock worth $255,000 after buying an additional 244 shares during the period. Thrivent Financial For Lutherans increased its position in shares of OUTFRONT Media by 1.2% in the first quarter. Thrivent Financial For Lutherans now owns 26,082 shares of the financial services provider’s stock worth $692,000 after buying an additional 300 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in shares of OUTFRONT Media by 0.7% in the first quarter. Public Employees Retirement System of Ohio now owns 62,038 shares of the financial services provider’s stock worth $1,647,000 after buying an additional 444 shares during the period.

OUTFRONT Media Inc. (OUT) opened at 22.05 on Wednesday. OUTFRONT Media Inc. has a 12 month low of $20.72 and a 12 month high of $27.89. The company’s 50-day moving average is $22.74 and its 200-day moving average is $24.59. The company has a market cap of $3.06 billion, a P/E ratio of 29.44 and a beta of 1.13.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 6.53%. The ex-dividend date is Thursday, September 7th. OUTFRONT Media’s dividend payout ratio is currently 189.48%.

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A number of brokerages recently weighed in on OUT. 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 research report on Monday. BidaskClub downgraded shares of OUTFRONT Media from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday, April 25th. Loop Capital upgraded 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 report on Monday, June 5th. Finally, TheStreet downgraded shares of OUTFRONT Media from a “b-” rating to a “c” rating in a research report on Friday, May 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $29.71.

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.

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Institutional Ownership by Quarter for OUTFRONT Media (NYSE:OUT)

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