Lasalle Investment Management Securities LLC Sells 373,155 Shares of OUTFRONT Media Inc. $OUT

Lasalle Investment Management Securities LLC lessened its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 10.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,133,027 shares of the financial services provider’s stock after selling 373,155 shares during the quarter. OUTFRONT Media comprises about 3.3% of Lasalle Investment Management Securities LLC’s investment portfolio, making the stock its 11th biggest position. Lasalle Investment Management Securities LLC’s holdings in OUTFRONT Media were worth $83,025,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in OUTFRONT Media by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 22,654,899 shares of the financial services provider’s stock valued at $545,983,000 after buying an additional 1,131,954 shares during the last quarter. Cohen & Steers Inc. lifted its position in OUTFRONT Media by 2.2% during the fourth quarter. Cohen & Steers Inc. now owns 22,314,228 shares of the financial services provider’s stock worth $537,779,000 after acquiring an additional 486,192 shares during the last quarter. State Street Corp boosted its holdings in shares of OUTFRONT Media by 2.1% during the fourth quarter. State Street Corp now owns 5,483,013 shares of the financial services provider’s stock worth $132,141,000 after acquiring an additional 111,084 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of OUTFRONT Media by 9.9% during the first quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock worth $80,393,000 after acquiring an additional 448,993 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of OUTFRONT Media by 8.4% in the fourth quarter. Wellington Management Group LLP now owns 4,309,133 shares of the financial services provider’s stock valued at $103,850,000 after purchasing an additional 335,265 shares during the last quarter.

Analyst Ratings Changes

OUT has been the topic of a number of recent research reports. TD Cowen reiterated a “buy” rating and set a $38.00 target price (up from $32.00) on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Morgan Stanley set a $37.00 price target on OUTFRONT Media in a research note on Friday, May 8th. Barrington Research set a $38.00 price objective on OUTFRONT Media in a report on Tuesday, May 12th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $38.00 price objective on shares of OUTFRONT Media in a research report on Wednesday. Finally, Wall Street Zen raised OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 18th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $32.57.

OUTFRONT Media Price Performance

Shares of NYSE OUT opened at $31.88 on Thursday. The business has a fifty day moving average price of $32.24 and a two-hundred day moving average price of $29.01. The stock has a market capitalization of $5.61 billion, a PE ratio of 30.36, a P/E/G ratio of 1.51 and a beta of 1.48. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.82 and a quick ratio of 0.82. OUTFRONT Media Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $34.96.

OUTFRONT Media (NYSE:OUT) last released its earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.06. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The company had revenue of $429.60 million for the quarter, compared to analyst estimates of $431.44 million. During the same period in the prior year, the firm posted $0.14 EPS. OUTFRONT Media’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities analysts predict that OUTFRONT Media Inc. will post 2.12 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 5th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.20 annualized dividend and a yield of 3.8%. OUTFRONT Media’s dividend payout ratio is currently 114.29%.

Insider Transactions at OUTFRONT Media

In other news, EVP Richard H. Sauer sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total value of $160,400.00. Following the completion of the transaction, the executive vice president directly owned 56,947 shares in the company, valued at approximately $1,826,859.76. The trade was a 8.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James Michael Norton bought 4,130 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was purchased at an average price of $30.81 per share, with a total value of $127,245.30. Following the completion of the transaction, the executive vice president directly owned 4,130 shares in the company, valued at approximately $127,245.30. This represents a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 20,000 shares of company stock worth $629,600 over the last quarter. Corporate insiders own 0.45% of the company’s stock.

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.