Forsta AP Fonden purchased a new stake in shares of OUTFRONT Media Inc. (NYSE:OUT) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 50,600 shares of the financial services provider’s stock, valued at approximately $1,170,000.

A number of other institutional investors have also made changes to their positions in OUT. Pinnacle Associates Ltd. boosted its position in shares of OUTFRONT Media by 3.0% in the first quarter. Pinnacle Associates Ltd. now owns 80,291 shares of the financial services provider’s stock valued at $2,132,000 after buying an additional 2,303 shares during the period. Bank of Montreal Can boosted its position in shares of OUTFRONT Media by 4,678.2% in the first quarter. Bank of Montreal Can now owns 46,110 shares of the financial services provider’s stock valued at $1,225,000 after buying an additional 45,145 shares during the period. Bank of New York Mellon Corp boosted its position in shares of OUTFRONT Media by 17.2% in the first quarter. Bank of New York Mellon Corp now owns 3,021,065 shares of the financial services provider’s stock valued at $80,209,000 after buying an additional 443,584 shares during the period. Bank of America Corp DE boosted its position in shares of OUTFRONT Media by 4.0% in the first quarter. Bank of America Corp DE now owns 428,042 shares of the financial services provider’s stock valued at $11,365,000 after buying an additional 16,479 shares during the period. Finally, Gardner Russo & Gardner LLC boosted its position in shares of OUTFRONT Media by 9.1% in the first quarter. Gardner Russo & Gardner LLC now owns 285,225 shares of the financial services provider’s stock valued at $7,573,000 after buying an additional 23,678 shares during the period.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date is Thursday, September 7th. OUTFRONT Media’s payout ratio is currently 189.48%.

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Several equities analysts have issued reports on OUT shares. Zacks Investment Research upgraded shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Monday, July 10th. ValuEngine cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. TheStreet cut shares of OUTFRONT Media from a “b-” rating to a “c” rating in a research report on Friday, May 12th. BidaskClub cut shares of OUTFRONT Media from a “sell” rating to a “strong sell” rating in a research report on Thursday. 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 research report on Monday, June 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock presently 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.

Institutional Ownership by Quarter for OUTFRONT Media (NYSE:OUT)

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