OUTFRONT Media Inc. (OUT) Shares Sold by State Street Corp
State Street Corp reduced its stake in OUTFRONT Media Inc. (NYSE:OUT) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,882,778 shares of the financial services provider’s stock after selling 4,185 shares during the period. State Street Corp owned 1.36% of OUTFRONT Media worth $43,536,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 valued at $118,000 after purchasing an additional 478 shares in the last quarter. Pacad Investment Ltd. boosted its stake 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 valued at $125,000 after purchasing an additional 1,900 shares in the last quarter. Smithfield Trust Co. boosted its stake 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 valued at $133,000 after purchasing an additional 4,670 shares in the last quarter. Jane Street Group LLC bought a new position in shares of OUTFRONT Media during the first quarter valued at approximately $210,000. Finally, M&T Bank Corp boosted its stake in shares of OUTFRONT Media by 7.6% during the second quarter. M&T Bank Corp now owns 10,597 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 748 shares in the last quarter.
TRADEMARK VIOLATION WARNING: This article was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/outfront-media-inc-out-shares-sold-by-state-street-corp/1682275.html.
A number of research firms have recently issued reports on OUT. ValuEngine upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Loop Capital reiterated a “buy” rating and set a $28.00 price objective (up from $27.00) on shares of OUTFRONT Media in a research note on Thursday, September 28th. Barrington Research reiterated an “outperform” rating and set a $26.00 price objective (down from $29.00) on shares of OUTFRONT Media in a research note on Monday, August 14th. Wells Fargo & Company reiterated an “outperform” rating and set a $30.00 price objective on shares of OUTFRONT Media in a research note on Tuesday, October 3rd. Finally, BidaskClub downgraded shares of OUTFRONT Media from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. OUTFRONT Media has a consensus rating of “Hold” and a consensus target price of $30.17.
Shares of OUTFRONT Media Inc. (NYSE:OUT) opened at $23.30 on Monday. The firm has a market cap of $3,229.94, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 2.03 and a beta of 1.15. OUTFRONT Media Inc. has a one year low of $20.82 and a one year high of $27.89. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.75.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a $0.36 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.44 annualized dividend and a yield of 6.18%. OUTFRONT Media’s dividend payout ratio (DPR) is 189.48%.
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.
Want to see what other hedge funds are holding OUT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OUTFRONT Media Inc. (NYSE:OUT).
Receive News & Ratings for OUTFRONT Media Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OUTFRONT Media Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.