First Trust Advisors LP grew its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 36.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 253,129 shares of the financial services provider’s stock after purchasing an additional 67,492 shares during the period. First Trust Advisors LP owned about 0.18% of OUTFRONT Media worth $6,374,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in OUTFRONT Media by 10.3% during the 2nd 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 in the last quarter. Pacad Investment Ltd. increased its holdings in OUTFRONT Media by 54.3% during the 2nd 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 in the last quarter. Smithfield Trust Co. increased its holdings in OUTFRONT Media by 435.6% during the 2nd 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 in the last quarter. M&T Bank Corp increased its holdings in OUTFRONT Media by 7.6% during the 2nd quarter. M&T Bank Corp now owns 10,597 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 748 shares in the last quarter. Finally, TLP Group LLC bought a new stake in OUTFRONT Media during the 2nd quarter worth approximately $247,000. 98.83% of the stock is owned by hedge funds and other institutional investors.
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OUTFRONT Media Inc. (OUT) opened at $24.16 on Wednesday. The stock has a market capitalization of $3,374.41, a P/E ratio of 12.42, a PEG ratio of 1.89 and a beta of 1.15. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.73. OUTFRONT Media Inc. has a twelve month low of $20.82 and a twelve month high of $27.89.
OUTFRONT Media (NYSE:OUT) last released its earnings results on Monday, November 6th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.20). The business had revenue of $392.40 million during the quarter, compared to the consensus estimate of $391.18 million. OUTFRONT Media had a net margin of 7.71% and a return on equity of 9.57%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 earnings per share. analysts anticipate that OUTFRONT Media Inc. will post 2.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 5.96%. The ex-dividend date of this dividend is Thursday, December 7th. OUTFRONT Media’s dividend payout ratio is presently 171.43%.
OUT has been the subject of a number of recent research reports. Zacks Investment Research raised OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Barrington Research reissued an “outperform” rating and set a $26.00 price objective (down from $29.00) on shares of OUTFRONT Media in a report on Monday, August 14th. ValuEngine raised OUTFRONT Media from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Wells Fargo & Company reissued an “outperform” rating and set a $30.00 price objective on shares of OUTFRONT Media in a report on Tuesday, October 3rd. Finally, Loop Capital reissued a “buy” rating and set a $28.00 price objective (up from $27.00) on shares of OUTFRONT Media in a report on Thursday, September 28th. One 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 company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.17.
OUTFRONT Media 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.
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