Wasatch Advisors Inc. lessened its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 54.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 81,746 shares of the financial services provider’s stock after selling 96,397 shares during the quarter. Wasatch Advisors Inc. owned 0.06% of OUTFRONT Media worth $1,890,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. grew its stake in OUTFRONT Media by 5.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 3,785 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 210 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in OUTFRONT Media by 10.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,106 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 478 shares during the last quarter. Pacad Investment Ltd. grew its stake in OUTFRONT Media by 54.3% during the 2nd quarter. Pacad Investment Ltd. now owns 5,400 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 1,900 shares during the last quarter. Smithfield Trust Co. grew its stake in OUTFRONT Media by 435.6% during the 2nd quarter. Smithfield Trust Co. now owns 5,742 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 4,670 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in OUTFRONT Media during the 1st quarter valued at about $204,000.

OUT has been the subject of several analyst reports. Zacks Investment Research cut OUTFRONT Media from a “hold” rating to a “sell” rating in a report on Monday. Wells Fargo & Company reissued an “outperform” rating and issued a $30.00 price objective on shares of OUTFRONT Media in a report on Tuesday, October 3rd. ValuEngine raised OUTFRONT Media from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Loop Capital reissued a “buy” rating and issued a $28.00 price objective (up previously from $27.00) on shares of OUTFRONT Media in a report on Thursday, September 28th. Finally, Barrington Research reissued an “outperform” rating and issued a $26.00 price objective (down previously from $29.00) on shares of OUTFRONT Media in a report on Monday, August 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. OUTFRONT Media currently has an average rating of “Hold” and an average price target of $30.17.

OUTFRONT Media Inc. (NYSE:OUT) opened at 24.20 on Thursday. The firm has a market cap of $3.35 billion, a PE ratio of 32.31 and a beta of 1.19. The stock has a 50 day moving average price of $22.97 and a 200 day moving average price of $23.35. OUTFRONT Media Inc. has a one year low of $20.82 and a one year high of $27.89.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date of this dividend was Thursday, September 7th. OUTFRONT Media’s dividend payout ratio is presently 189.48%.

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

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