Schnieders Capital Management LLC boosted its position in OUTFRONT Media Inc. (NYSE:OUT) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,925 shares of the financial services provider’s stock after buying an additional 100 shares during the period. Schnieders Capital Management LLC’s holdings in OUTFRONT Media were worth $276,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in OUT. Asset Management One Co. Ltd. increased its position in shares of OUTFRONT Media by 5.9% in the first quarter. Asset Management One Co. Ltd. now owns 3,785 shares of the financial services provider’s stock worth $100,000 after buying an additional 210 shares in the last quarter. Quantbot Technologies LP increased its position in shares of OUTFRONT Media by 47.5% in the first quarter. Quantbot Technologies LP now owns 6,419 shares of the financial services provider’s stock worth $170,000 after buying an additional 2,068 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of OUTFRONT Media during the first quarter worth $204,000. Koch Industries Inc. purchased a new position in shares of OUTFRONT Media during the first quarter worth $207,000. Finally, Jane Street Group LLC purchased a new position in shares of OUTFRONT Media during the first quarter worth $210,000.
OUTFRONT Media Inc. (NYSE OUT) traded down 0.76% on Friday, reaching $22.10. 959,422 shares of the company traded hands. The stock’s 50 day moving average price is $22.81 and its 200 day moving average price is $24.70. 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 $3.06 billion, a PE ratio of 29.51 and a beta of 1.13.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 6.52%. The ex-dividend date is Thursday, September 7th. OUTFRONT Media’s dividend payout ratio (DPR) is 189.48%.
A number of brokerages recently weighed in on OUT. BidaskClub downgraded shares of OUTFRONT Media from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, April 24th. ValuEngine cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. TheStreet cut shares of OUTFRONT Media from a “b-” rating to a “c” rating in a report on Friday, May 12th. Finally, Loop Capital upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Monday, June 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $30.33.
About OUTFRONT Media
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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