OUTFRONT Media Inc. (NYSE:OUT) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 2,049,445 shares, a growth of 54.3% from the August 31st total of 1,328,524 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average trading volume of 789,070 shares, the short-interest ratio is currently 2.6 days.

OUT has been the topic of several research reports. ValuEngine raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research note on Monday. Loop Capital reaffirmed a “buy” rating and issued a $28.00 price objective (up previously from $27.00) on shares of OUTFRONT Media in a research note on Thursday, September 28th. Zacks Investment Research raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Monday, July 10th. Barrington Research reaffirmed an “outperform” rating and set a $26.00 target price (down previously from $29.00) on shares of OUTFRONT Media in a report on Monday, August 14th. Finally, BidaskClub cut shares of OUTFRONT Media from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.86.

OUTFRONT Media (NYSE:OUT) opened at 24.23 on Tuesday. The firm has a 50-day moving average price of $22.16 and a 200-day moving average price of $23.51. The stock has a market capitalization of $3.36 billion, a PE ratio of 32.35 and a beta of 1.19. OUTFRONT Media has a 52 week low of $20.82 and a 52 week high of $27.89.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.94%. The ex-dividend date of this dividend was Thursday, September 7th. OUTFRONT Media’s dividend payout ratio is 189.48%.

Several large investors have recently made changes to their positions in OUT. Schnieders Capital Management LLC increased its stake in OUTFRONT Media by 0.8% during the second quarter. Schnieders Capital Management LLC now owns 11,925 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 100 shares during the last quarter. Asset Management One Co. Ltd. raised its position in 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 valued at $100,000 after purchasing an additional 210 shares during the period. Teacher Retirement System of Texas raised its position in OUTFRONT Media by 2.3% during the second quarter. Teacher Retirement System of Texas now owns 11,034 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 244 shares during the period. Thrivent Financial For Lutherans raised its position in OUTFRONT Media by 1.2% during the first quarter. Thrivent Financial For Lutherans now owns 26,082 shares of the financial services provider’s stock valued at $692,000 after purchasing an additional 300 shares during the period. Finally, Piermont Capital Management Inc. raised its position in OUTFRONT Media by 0.3% during the second quarter. Piermont Capital Management Inc. now owns 99,810 shares of the financial services provider’s stock valued at $2,308,000 after purchasing an additional 310 shares during the period.

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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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