Mondrian Investment Partners LTD raised its stake in OUTFRONT Media Inc. (NYSE:OUT) by 17.3% during the second quarter, Holdings Channel reports. The institutional investor owned 171,899 shares of the financial services provider’s stock after buying an additional 25,345 shares during the period. Mondrian Investment Partners LTD’s holdings in OUTFRONT Media were worth $3,974,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of OUT. JPMorgan Chase & Co. increased its stake in OUTFRONT Media by 5.3% in the first quarter. JPMorgan Chase & Co. now owns 13,256,628 shares of the financial services provider’s stock valued at $351,964,000 after buying an additional 669,391 shares in the last quarter. Vanguard Group Inc. increased its stake in OUTFRONT Media by 8.3% in the first quarter. Vanguard Group Inc. now owns 11,150,528 shares of the financial services provider’s stock valued at $296,046,000 after buying an additional 855,888 shares in the last quarter. BlackRock Inc. increased its stake in OUTFRONT Media by 6,693.0% in the first quarter. BlackRock Inc. now owns 7,335,438 shares of the financial services provider’s stock valued at $194,756,000 after buying an additional 7,227,453 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in OUTFRONT Media by 69.8% in the second quarter. Daiwa Securities Group Inc. now owns 3,864,333 shares of the financial services provider’s stock valued at $89,343,000 after buying an additional 1,589,096 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in OUTFRONT Media by 17.2% in the first quarter. Bank of New York Mellon Corp now owns 3,021,065 shares of the financial services provider’s stock valued at $80,209,000 after buying an additional 443,584 shares in the last quarter.

Shares of OUTFRONT Media Inc. (OUT) opened at 22.27 on Friday. OUTFRONT Media Inc. has a one year low of $20.72 and a one year high of $27.89. The company has a market capitalization of $3.09 billion, a P/E ratio of 29.73 and a beta of 1.13. The stock has a 50 day moving average price of $22.83 and a 200-day moving average price of $24.74.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.44 annualized dividend and a yield of 6.47%. OUTFRONT Media’s dividend payout ratio (DPR) is 189.48%.

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A number of brokerages have recently weighed in on OUT. TheStreet downgraded OUTFRONT Media from a “b-” rating to a “c” rating in a report on Friday, May 12th. Zacks Investment Research upgraded OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Monday, July 10th. ValuEngine downgraded OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. BidaskClub downgraded OUTFRONT Media from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Finally, Loop Capital upgraded OUTFRONT Media from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Monday, June 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $30.33.

OUTFRONT Media Company 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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Institutional Ownership by Quarter for OUTFRONT Media (NYSE:OUT)

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