State Street Corp boosted its stake in OUTFRONT Media Inc. (NYSE:OUT) by 5.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,886,963 shares of the financial services provider’s stock after buying an additional 89,294 shares during the period. State Street Corp owned about 1.36% of OUTFRONT Media worth $50,100,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. boosted its stake 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 valued at $100,000 after buying an additional 210 shares in the last quarter. Quantbot Technologies LP boosted its stake 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 valued at $170,000 after buying an additional 2,068 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of OUTFRONT Media during the first quarter valued at about $204,000. Koch Industries Inc. bought a new stake in shares of OUTFRONT Media during the first quarter valued at about $207,000. Finally, Allianz Asset Management AG bought a new stake in shares of OUTFRONT Media during the fourth quarter valued at about $234,000.

OUTFRONT Media Inc. (NYSE OUT) traded down 0.32% during midday trading on Friday, reaching $21.99. 600,519 shares of the company traded hands. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 29.36 and a beta of 1.13. The firm’s 50 day moving average price is $22.64 and its 200 day moving average price is $24.52. OUTFRONT Media Inc. has a 12 month low of $20.72 and a 12 month high of $27.89.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.55%. The ex-dividend date of this dividend is Thursday, September 7th. OUTFRONT Media’s payout ratio is 189.48%.

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Several brokerages have recently issued reports on OUT. Loop Capital raised 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 note on Monday, June 5th. BidaskClub cut shares of OUTFRONT Media from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. ValuEngine cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $26.00 price target (down from $29.00) on shares of OUTFRONT Media in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. OUTFRONT Media has an average rating of “Hold” and a consensus price target of $29.71.

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.

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

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