Land & Buildings Investment Management LLC Sells 483,628 Shares of OUTFRONT Media Inc. $OUT

Land & Buildings Investment Management LLC lessened its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 33.7% during the third quarter, HoldingsChannel.com reports. The firm owned 951,148 shares of the financial services provider’s stock after selling 483,628 shares during the quarter. OUTFRONT Media makes up about 3.2% of Land & Buildings Investment Management LLC’s holdings, making the stock its 17th biggest holding. Land & Buildings Investment Management LLC’s holdings in OUTFRONT Media were worth $17,425,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in OUT. Private Trust Co. NA acquired a new stake in shares of OUTFRONT Media in the third quarter valued at approximately $33,000. State of Wyoming grew its position in OUTFRONT Media by 155.5% during the second quarter. State of Wyoming now owns 7,973 shares of the financial services provider’s stock worth $130,000 after buying an additional 4,853 shares in the last quarter. Rossby Financial LCC increased its stake in OUTFRONT Media by 14.2% during the 3rd quarter. Rossby Financial LCC now owns 7,942 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 989 shares during the period. Osaic Holdings Inc. increased its stake in OUTFRONT Media by 45.4% during the 2nd quarter. Osaic Holdings Inc. now owns 9,126 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 2,851 shares during the period. Finally, CWM LLC raised its holdings in OUTFRONT Media by 8.3% in the 3rd quarter. CWM LLC now owns 8,229 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 631 shares in the last quarter.

OUTFRONT Media Trading Up 1.8%

OUT opened at $27.19 on Tuesday. The company has a market cap of $4.79 billion, a P/E ratio of 33.98, a PEG ratio of 1.32 and a beta of 1.51. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.63. The company’s 50 day moving average is $25.96 and its 200-day moving average is $22.37. OUTFRONT Media Inc. has a 1-year low of $12.95 and a 1-year high of $29.27.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.16). The firm had revenue of $513.30 million for the quarter, compared to analyst estimates of $511.61 million. OUTFRONT Media had a net margin of 8.03% and a return on equity of 24.86%. Equities research analysts predict that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, March 6th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 150.00%.

Insider Activity at OUTFRONT Media

In other news, Director Manuel A. Diaz sold 11,271 shares of the business’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $24.49, for a total transaction of $276,026.79. Following the sale, the director directly owned 47,515 shares in the company, valued at approximately $1,163,642.35. The trade was a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. TD Cowen upped their target price on OUTFRONT Media from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Wells Fargo & Company raised their price target on OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Barrington Research boosted their price target on OUTFRONT Media from $27.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Zacks Research cut shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Morgan Stanley upgraded shares of OUTFRONT Media from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $20.00 to $28.00 in a research note on Tuesday, December 16th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $27.86.

OUTFRONT Media Company Profile

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.