DigitalBridge Group Inc. Has $16.79 Million Stock Position in OUTFRONT Media Inc. $OUT

DigitalBridge Group Inc. cut its position in OUTFRONT Media Inc. (NYSE:OUT) by 5.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 916,200 shares of the financial services provider’s stock after selling 53,008 shares during the period. OUTFRONT Media accounts for about 1.3% of DigitalBridge Group Inc.’s investment portfolio, making the stock its 28th biggest position. DigitalBridge Group Inc. owned 0.55% of OUTFRONT Media worth $16,785,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in OUTFRONT Media by 9.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock valued at $80,393,000 after purchasing an additional 448,993 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of OUTFRONT Media by 15.3% during the third quarter. Wellington Management Group LLP now owns 3,973,868 shares of the financial services provider’s stock worth $72,801,000 after purchasing an additional 527,258 shares during the last quarter. Lasalle Investment Management Securities LLC increased its stake in shares of OUTFRONT Media by 24.0% in the second quarter. Lasalle Investment Management Securities LLC now owns 3,925,402 shares of the financial services provider’s stock valued at $64,063,000 after buying an additional 758,952 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in shares of OUTFRONT Media by 10.5% in the second quarter. Qube Research & Technologies Ltd now owns 2,888,621 shares of the financial services provider’s stock valued at $47,142,000 after buying an additional 275,023 shares in the last quarter. Finally, GRS Advisors LLC raised its holdings in shares of OUTFRONT Media by 12.8% in the third quarter. GRS Advisors LLC now owns 2,468,232 shares of the financial services provider’s stock valued at $45,218,000 after buying an additional 279,326 shares during the last quarter.

Insider Activity

In other news, Director Manuel A. Diaz sold 11,271 shares of the business’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $24.49, for a total transaction of $276,026.79. Following the completion of the transaction, the director directly owned 47,515 shares in the company, valued at approximately $1,163,642.35. The trade was a 19.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OUT. Morgan Stanley raised shares of OUTFRONT Media from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $20.00 to $28.00 in a report on Tuesday, December 16th. Wells Fargo & Company boosted their target price on shares of OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. TD Cowen increased their price target on shares of OUTFRONT Media from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Zacks Research lowered shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Barrington Research upped their price objective on OUTFRONT Media from $27.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, OUTFRONT Media has a consensus rating of “Moderate Buy” and an average price target of $27.86.

OUTFRONT Media Stock Performance

Shares of OUTFRONT Media stock opened at $27.24 on Wednesday. The firm has a fifty day moving average of $26.02 and a two-hundred day moving average of $22.43. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 1.35 and a beta of 1.51. OUTFRONT Media Inc. has a 52 week low of $12.95 and a 52 week high of $29.27. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.92 and a current ratio of 0.92.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.16). OUTFRONT Media had a return on equity of 24.86% and a net margin of 8.03%.The company had revenue of $513.30 million during the quarter, compared to the consensus estimate of $511.61 million. As a group, equities research analysts predict that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, March 6th. This represents a $1.20 dividend on an annualized basis and a yield of 4.4%. OUTFRONT Media’s dividend payout ratio (DPR) is 150.00%.

About OUTFRONT Media

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.