Paloma Partners Management Co grew its stake in Outfront Media Inc (NYSE:OUT) by 3,941.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 444,575 shares of the financial services provider’s stock after buying an additional 433,575 shares during the quarter. Paloma Partners Management Co owned 0.32% of Outfront Media worth $10,314,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. lifted its stake 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 worth $151,000 after purchasing an additional 2,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 worth $172,000 after purchasing an additional 2,324 shares during the last quarter. Cadence Capital Management LLC purchased a new stake in Outfront Media during the third quarter worth approximately $205,000. Ninepoint Partners LP purchased a new stake in Outfront Media during the third quarter worth approximately $254,000. Finally, Chicago Equity Partners LLC purchased a new stake in Outfront Media during the fourth quarter worth approximately $235,000. Institutional investors and hedge funds own 99.46% of the company’s stock.
Several equities research analysts recently weighed in on OUT shares. Zacks Investment Research upgraded 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. ValuEngine lowered Outfront Media from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Wells Fargo & Co cut their price target on Outfront Media from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Outfront Media has an average rating of “Hold” and a consensus price target of $26.50.
Outfront Media (NYSE:OUT) last released its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.31). The firm had revenue of $401.30 million for the quarter, compared to analyst estimates of $404.74 million. Outfront Media had a return on equity of 10.31% and a net margin of 8.27%. equities analysts expect 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. Stockholders of record on Friday, March 9th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 7.48%. The ex-dividend date of this dividend is Thursday, March 8th. Outfront Media’s payout ratio is currently 160.00%.
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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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