OUTFRONT Media Inc. (NYSE:OUT) shares saw an uptick in trading volume on Monday . 6,930,722 shares were traded during trading, an increase of 912% from the previous session’s volume of 685,159 shares.The stock last traded at $24.27 and had previously closed at $21.04.

Several brokerages have recently issued reports on OUT. 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. Zacks Investment Research upgraded OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Monday, July 10th. ValuEngine lowered OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. BidaskClub lowered OUTFRONT Media from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Finally, Barrington Research reiterated an “outperform” rating and set a $26.00 price target (down from $29.00) on shares of OUTFRONT Media in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.71.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.44 dividend on an annualized basis and a yield of 6.84%. OUTFRONT Media’s dividend payout ratio is 189.48%.

A number of hedge funds have recently bought and sold shares of OUT. First Trust Advisors LP grew its stake in OUTFRONT Media by 20.7% in the first quarter. First Trust Advisors LP now owns 210,174 shares of the financial services provider’s stock valued at $5,580,000 after purchasing an additional 36,094 shares in the last quarter. US Bancorp DE grew its stake in OUTFRONT Media by 1.6% in the first quarter. US Bancorp DE now owns 40,467 shares of the financial services provider’s stock valued at $1,074,000 after purchasing an additional 621 shares in the last quarter. Swiss National Bank grew its stake in OUTFRONT Media by 0.7% in the first quarter. Swiss National Bank now owns 228,354 shares of the financial services provider’s stock valued at $6,063,000 after purchasing an additional 1,600 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in OUTFRONT Media by 20.8% in the first quarter. UBS Asset Management Americas Inc. now owns 128,394 shares of the financial services provider’s stock valued at $3,409,000 after purchasing an additional 22,103 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in OUTFRONT Media in the first quarter valued at approximately $454,000.

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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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