Uniplan Investment Counsel Inc. Cuts Holdings in OUTFRONT Media Inc. (OUT)
Uniplan Investment Counsel Inc. lowered its stake in OUTFRONT Media Inc. (NYSE:OUT) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,857,573 shares of the financial services provider’s stock after selling 69,427 shares during the quarter. OUTFRONT Media comprises approximately 2.0% of Uniplan Investment Counsel Inc.’s investment portfolio, making the stock its 15th biggest holding. Uniplan Investment Counsel Inc. owned 1.34% of OUTFRONT Media worth $46,773,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Teacher Retirement System of Texas lifted its position in shares of OUTFRONT Media by 2.3% in the second quarter. Teacher Retirement System of Texas now owns 11,034 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 244 shares in the last quarter. Piermont Capital Management Inc. lifted its position in shares of OUTFRONT Media by 0.3% in the second quarter. Piermont Capital Management Inc. now owns 99,810 shares of the financial services provider’s stock worth $2,308,000 after purchasing an additional 310 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of OUTFRONT Media by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,106 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 478 shares in the last quarter. M&T Bank Corp lifted its position in shares of OUTFRONT Media by 7.6% in the second quarter. M&T Bank Corp now owns 10,597 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 748 shares in the last quarter. Finally, OxFORD Asset Management LLP lifted its position in shares of OUTFRONT Media by 3.2% in the second quarter. OxFORD Asset Management LLP now owns 34,268 shares of the financial services provider’s stock worth $792,000 after purchasing an additional 1,059 shares in the last quarter.
A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Wells Fargo & Company reissued an “outperform” rating and issued a $30.00 price objective on shares of OUTFRONT Media in a research report on Tuesday, October 3rd. ValuEngine raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research 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 research 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 research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. OUTFRONT Media presently has a consensus rating of “Hold” and a consensus target price of $30.17.
Shares of OUTFRONT Media Inc. (NYSE:OUT) traded down $0.16 on Wednesday, reaching $22.93. 1,146,500 shares of the company were exchanged, compared to its average volume of 855,784. The firm has a market capitalization of $3,170.00, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 1.82 and a beta of 1.13. OUTFRONT Media Inc. has a fifty-two week low of $20.82 and a fifty-two week high of $27.89. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.23 and a current ratio of 1.23.
OUTFRONT Media (NYSE:OUT) last issued its earnings results on Monday, November 6th. The financial services provider reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.20). The firm had revenue of $392.40 million for the quarter, compared to analyst estimates of $391.18 million. OUTFRONT Media had a return on equity of 9.57% and a net margin of 7.71%. OUTFRONT Media’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 earnings per share. analysts predict that OUTFRONT Media Inc. will post 1.98 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.44 dividend on an annualized basis and a yield of 6.28%. OUTFRONT Media’s payout ratio is 171.43%.
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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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