Bank of New York Mellon Corp cut its position in OUTFRONT Media Inc. (NYSE:OUT) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,971,301 shares of the financial services provider’s stock after selling 49,764 shares during the period. Bank of New York Mellon Corp owned about 2.14% of OUTFRONT Media worth $68,696,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in OUT. IMS Capital Management increased its position in OUTFRONT Media by 63.2% in the first quarter. IMS Capital Management now owns 23,750 shares of the financial services provider’s stock worth $631,000 after buying an additional 9,200 shares during the last quarter. Sei Investments Co. increased its position in OUTFRONT Media by 4.5% in the first quarter. Sei Investments Co. now owns 727,666 shares of the financial services provider’s stock worth $19,320,000 after buying an additional 31,481 shares during the last quarter. Karp Capital Management Corp acquired a new position in OUTFRONT Media during the first quarter worth about $454,000. UBS Asset Management Americas Inc. increased its position in OUTFRONT Media by 20.8% in the first quarter. UBS Asset Management Americas Inc. now owns 128,394 shares of the financial services provider’s stock worth $3,409,000 after buying an additional 22,103 shares during the last quarter. Finally, Swiss National Bank increased its position in OUTFRONT Media by 0.7% in the first quarter. Swiss National Bank now owns 228,354 shares of the financial services provider’s stock worth $6,063,000 after buying an additional 1,600 shares during the last quarter.

OUTFRONT Media Inc. (NYSE OUT) opened at 22.05 on Thursday. The firm’s 50-day moving average is $22.52 and its 200 day moving average is $24.34. OUTFRONT Media Inc. has a one year low of $20.72 and a one year high of $27.89. The stock has a market cap of $3.06 billion, a P/E ratio of 29.44 and a beta of 1.13.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date of this dividend is Thursday, September 7th. OUTFRONT Media’s dividend payout ratio is presently 189.48%.

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A number of equities analysts recently issued reports on the stock. Barrington Research reissued an “outperform” rating and issued a $26.00 price objective (down previously from $29.00) on shares of OUTFRONT Media in a report on Monday, August 14th. BidaskClub downgraded shares of OUTFRONT Media from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Zacks Investment Research raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Monday, July 10th. ValuEngine downgraded shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Finally, 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 report on Monday, June 5th. One 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 company. The stock has an average rating of “Hold” and an average target price of $29.71.

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.

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

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