Legal & General Group Plc boosted its position in OUTFRONT Media Inc. (NYSE:OUT) by 5.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,737 shares of the financial services provider’s stock after buying an additional 6,531 shares during the period. Legal & General Group Plc owned approximately 0.09% of OUTFRONT Media worth $2,931,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in OUTFRONT Media by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 11,150,528 shares of the financial services provider’s stock valued at $296,046,000 after buying an additional 855,888 shares in the last quarter. BlackRock Inc. increased its position in OUTFRONT Media by 6,693.0% in the 1st quarter. BlackRock Inc. now owns 7,335,438 shares of the financial services provider’s stock valued at $194,756,000 after buying an additional 7,227,453 shares in the last quarter. Daiwa Securities Group Inc. increased its position in OUTFRONT Media by 69.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,864,333 shares of the financial services provider’s stock valued at $89,343,000 after buying an additional 1,589,096 shares in the last quarter. Bank of New York Mellon Corp increased its position in OUTFRONT Media by 17.2% in the 1st 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 in the last quarter. Finally, State Street Corp increased its position in OUTFRONT Media by 5.0% in the 1st quarter. State Street Corp now owns 1,886,963 shares of the financial services provider’s stock valued at $50,100,000 after buying an additional 89,294 shares in the last quarter.

A number of brokerages recently commented on OUT. ValuEngine lowered OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Barrington Research reaffirmed an “outperform” rating and issued a $26.00 target price (down from $29.00) on shares of OUTFRONT Media in a research report on Monday, August 14th. BidaskClub lowered OUTFRONT Media from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Monday, July 10th. Finally, Loop Capital raised OUTFRONT Media from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Monday, June 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. OUTFRONT Media presently has an average rating of “Hold” and a consensus price target of $29.71.

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Shares of OUTFRONT Media Inc. (NYSE:OUT) opened at 21.63 on Monday. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 28.88 and a beta of 1.14. OUTFRONT Media Inc. has a one year low of $21.00 and a one year high of $27.89. The firm’s 50-day moving average price is $22.01 and its 200-day moving average price is $23.82.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.36 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.44 dividend on an annualized basis and a yield of 6.66%. OUTFRONT Media’s payout ratio is 189.48%.

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

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