Lasalle Investment Management Securities LLC Has $84.50 Million Stake in OUTFRONT Media Inc. $OUT

Lasalle Investment Management Securities LLC decreased its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,506,182 shares of the financial services provider’s stock after selling 193,097 shares during the quarter. OUTFRONT Media makes up approximately 3.4% of Lasalle Investment Management Securities LLC’s portfolio, making the stock its 13th biggest position. Lasalle Investment Management Securities LLC’s holdings in OUTFRONT Media were worth $84,499,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of OUTFRONT Media by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 22,654,899 shares of the financial services provider’s stock valued at $545,983,000 after acquiring an additional 1,131,954 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of OUTFRONT Media by 9.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock valued at $80,393,000 after acquiring an additional 448,993 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of OUTFRONT Media by 15.3% during the 3rd quarter. Wellington Management Group LLP now owns 3,973,868 shares of the financial services provider’s stock valued at $72,801,000 after acquiring an additional 527,258 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of OUTFRONT Media by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 3,738,362 shares of the financial services provider’s stock valued at $90,106,000 after acquiring an additional 127,117 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of OUTFRONT Media by 10.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 2,888,621 shares of the financial services provider’s stock valued at $47,142,000 after acquiring an additional 275,023 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on OUT shares. Wells Fargo & Company raised their price objective on OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Barrington Research set a $38.00 price objective on OUTFRONT Media in a report on Tuesday, May 12th. Wall Street Zen raised OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a report on Saturday. Morgan Stanley set a $37.00 target price on OUTFRONT Media in a report on Friday, May 8th. Finally, Zacks Research downgraded OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $30.71.

OUTFRONT Media Stock Down 0.1%

Shares of OUT opened at $32.22 on Monday. The company has a market capitalization of $5.67 billion, a PE ratio of 30.69, a PEG ratio of 1.53 and a beta of 1.49. OUTFRONT Media Inc. has a 12 month low of $15.45 and a 12 month high of $34.96. The stock’s 50-day moving average price is $29.99 and its two-hundred day moving average price is $26.64. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.90.

OUTFRONT Media (NYSE:OUT) last announced its earnings results on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.28 by $0.06. The firm had revenue of $429.60 million for the quarter, compared to the consensus estimate of $431.44 million. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS. On average, analysts anticipate that OUTFRONT Media Inc. will post 2.11 EPS for the current year.

OUTFRONT Media Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, June 5th. OUTFRONT Media’s payout ratio is currently 114.29%.

Insider Transactions at OUTFRONT Media

In other news, Director Manuel A. Diaz sold 11,271 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $26.93, for a total value of $303,528.03. Following the transaction, the director directly owned 36,244 shares of the company’s stock, valued at $976,050.92. The trade was a 23.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Matthew Siegel sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $25.79, for a total value of $1,289,500.00. Following the completion of the transaction, the executive vice president directly owned 289,925 shares in the company, valued at $7,477,165.75. This represents a 14.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.47% of the stock is owned by insiders.

OUTFRONT Media 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.