42,617 Shares in OUTFRONT Media Inc. $OUT Bought by Pensionfund PDN

Pensionfund PDN purchased a new stake in OUTFRONT Media Inc. (NYSE:OUT) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 42,617 shares of the financial services provider’s stock, valued at approximately $1,027,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in OUTFRONT Media during the third quarter worth about $29,000. Private Trust Co. NA acquired a new position in shares of OUTFRONT Media in the 3rd quarter valued at approximately $33,000. IFP Advisors Inc raised its position in shares of OUTFRONT Media by 16.5% in the 3rd quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock valued at $78,000 after buying an additional 582 shares in the last quarter. State of Wyoming lifted its holdings in shares of OUTFRONT Media by 155.5% during the 2nd quarter. State of Wyoming now owns 7,973 shares of the financial services provider’s stock worth $130,000 after acquiring an additional 4,853 shares during the period. Finally, Rossby Financial LCC lifted its holdings in shares of 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.

Insider Transactions at OUTFRONT Media

In other OUTFRONT Media news, Director Manuel A. Diaz sold 11,271 shares of OUTFRONT Media stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $26.93, for a total transaction of $303,528.03. Following the transaction, the director directly owned 36,244 shares of the company’s stock, valued at approximately $976,050.92. The trade was a 23.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is currently owned by corporate insiders.

OUTFRONT Media Stock Performance

OUTFRONT Media stock opened at $27.41 on Tuesday. The business has a 50 day moving average of $26.22 and a 200-day moving average of $22.67. The company has a market capitalization of $4.82 billion, a P/E ratio of 34.26, a P/E/G ratio of 1.29 and a beta of 1.51. OUTFRONT Media Inc. has a 1 year low of $12.95 and a 1 year high of $29.27. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.92 and a quick ratio of 0.92.

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

OUTFRONT Media Announces Dividend

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

Wall Street Analyst Weigh In

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

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.