Teachers Insurance & Annuity Association of America raised its position in shares of Outfront Media Inc (NYSE:OUT) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,483 shares of the financial services provider’s stock after acquiring an additional 14,102 shares during the period. Teachers Insurance & Annuity Association of America owned approximately 0.11% of Outfront Media worth $3,538,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in OUT. Fuller & Thaler Asset Management Inc. boosted its holdings in Outfront Media by 57.9% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 6,000 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 2,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Outfront Media by 45.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,430 shares of the financial services provider’s stock valued at $172,000 after acquiring an additional 2,324 shares during the period. Cadence Capital Management LLC bought a new stake in Outfront Media during the third quarter valued at about $205,000. Chicago Equity Partners LLC bought a new stake in shares of Outfront Media in the fourth quarter valued at about $235,000. Finally, Ninepoint Partners LP bought a new stake in shares of Outfront Media in the third quarter valued at about $254,000. Institutional investors own 99.46% of the company’s stock.
Several equities research analysts recently weighed in on OUT shares. ValuEngine cut shares of Outfront Media from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Wells Fargo & Co reduced their target price on shares of Outfront Media from $30.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. Finally, Zacks Investment Research upgraded shares of Outfront Media from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $26.50.
Outfront Media (NYSE:OUT) last released its earnings results on Tuesday, February 27th. The financial services provider reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.31). Outfront Media had a net margin of 8.27% and a return on equity of 10.31%. The company had revenue of $401.30 million during the quarter, compared to the consensus estimate of $404.74 million. research analysts forecast that Outfront Media Inc will post 2.06 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 7.48%. The ex-dividend date is Thursday, March 8th. Outfront Media’s payout ratio is presently 160.00%.
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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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