Cohen & Steers Inc. Has $537.78 Million Holdings in OUTFRONT Media Inc. $OUT

Cohen & Steers Inc. raised its holdings in OUTFRONT Media Inc. (NYSE:OUT) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,314,228 shares of the financial services provider’s stock after acquiring an additional 486,192 shares during the period. Cohen & Steers Inc. owned about 0.13% of OUTFRONT Media worth $537,779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OUT. AQR Capital Management LLC grew its stake in OUTFRONT Media by 9.3% in the first quarter. AQR Capital Management LLC now owns 130,411 shares of the financial services provider’s stock valued at $2,105,000 after acquiring an additional 11,073 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in OUTFRONT Media by 2.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,971 shares of the financial services provider’s stock valued at $1,388,000 after acquiring an additional 1,739 shares during the period. Goldman Sachs Group Inc. grew its stake in OUTFRONT Media by 9.9% in the first quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider’s stock valued at $80,393,000 after acquiring an additional 448,993 shares during the period. Empowered Funds LLC grew its stake in OUTFRONT Media by 12.4% in the first quarter. Empowered Funds LLC now owns 21,399 shares of the financial services provider’s stock valued at $345,000 after acquiring an additional 2,357 shares during the period. Finally, Woodline Partners LP grew its stake in OUTFRONT Media by 45.6% in the first quarter. Woodline Partners LP now owns 36,888 shares of the financial services provider’s stock valued at $595,000 after acquiring an additional 11,559 shares during the period.

OUTFRONT Media Stock Performance

Shares of NYSE OUT opened at $31.34 on Friday. The stock has a 50 day moving average price of $30.88 and a 200 day moving average price of $27.25. OUTFRONT Media Inc. has a 52 week low of $15.45 and a 52 week high of $34.96. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $5.52 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 1.45 and a beta of 1.49.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, beating 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 firm had revenue of $429.60 million during the quarter, compared to analysts’ expectations of $431.44 million. During the same period in the prior year, the firm posted $0.14 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. Analysts predict that OUTFRONT Media Inc. will post 2.12 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have issued reports on OUT. Barrington Research set a $38.00 target price on OUTFRONT Media in a research note on Tuesday, May 12th. Wall Street Zen raised OUTFRONT Media from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Wells Fargo & Company boosted their target price on OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Morgan Stanley set a $37.00 target price on OUTFRONT Media in a research note on Friday, May 8th. Finally, TD Cowen reissued a “buy” rating and issued a $38.00 target price (up from $32.00) on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, OUTFRONT Media currently has an average rating of “Moderate Buy” and a consensus target price of $30.71.

Insider Activity at OUTFRONT Media

In other OUTFRONT Media news, EVP James Michael Norton acquired 4,130 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $30.81 per share, for a total transaction of $127,245.30. Following the completion of the purchase, the executive vice president directly owned 4,130 shares of the company’s stock, valued at approximately $127,245.30. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Matthew Siegel sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $25.79, for a total value of $1,289,500.00. Following the completion of the sale, the executive vice president owned 289,925 shares in the company, valued at $7,477,165.75. This represents a 14.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.47% of the company’s stock.

OUTFRONT Media Company Profile

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.