JPMorgan Chase & Co. boosted its position in OUTFRONT Media Inc. (NYSE:OUT) by 7.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,230,026 shares of the financial services provider’s stock after buying an additional 973,398 shares during the period. JPMorgan Chase & Co. owned approximately 10.27% of OUTFRONT Media worth $328,999,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Schnieders Capital Management LLC grew its position in OUTFRONT Media by 0.8% in the 2nd quarter. Schnieders Capital Management LLC now owns 11,925 shares of the financial services provider’s stock valued at $276,000 after buying an additional 100 shares during the last quarter. Asset Management One Co. Ltd. grew its position in OUTFRONT Media by 5.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 3,785 shares of the financial services provider’s stock valued at $100,000 after buying an additional 210 shares during the last quarter. Teacher Retirement System of Texas grew its position in OUTFRONT Media by 2.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,034 shares of the financial services provider’s stock valued at $255,000 after buying an additional 244 shares during the last quarter. Thrivent Financial For Lutherans grew its position in OUTFRONT Media by 1.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 26,082 shares of the financial services provider’s stock valued at $692,000 after buying an additional 300 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in OUTFRONT Media by 0.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 62,038 shares of the financial services provider’s stock valued at $1,647,000 after buying an additional 444 shares during the last quarter.

OUT has been the topic of a number of analyst reports. TheStreet lowered shares of OUTFRONT Media from a “b-” rating to a “c” rating in a research report on Friday, May 12th. Zacks Investment Research upgraded shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Monday, July 10th. Barrington Research reiterated an “outperform” rating and issued a $26.00 price objective (down from $29.00) on shares of OUTFRONT Media in a research report on Monday, August 14th. ValuEngine lowered shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Finally, BidaskClub downgraded OUTFRONT Media from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.71.

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Shares of OUTFRONT Media Inc. (NYSE:OUT) opened at 21.91 on Monday. The firm has a market cap of $3.04 billion, a P/E ratio of 29.25 and a beta of 1.14. The firm has a 50-day moving average price of $22.44 and a 200-day moving average price of $24.15. OUTFRONT Media Inc. has a 12-month low of $20.72 and a 12-month high of $27.89.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 6.57%. The ex-dividend date of this dividend is Thursday, September 7th. OUTFRONT Media’s dividend payout ratio is 189.48%.

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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