California Public Employees Retirement System raised its stake in shares of Outfront Media Inc (NYSE:OUT) by 6.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 517,993 shares of the financial services provider’s stock after acquiring an additional 30,293 shares during the period. California Public Employees Retirement System owned approximately 0.37% of Outfront Media worth $13,043,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Piermont Capital Management Inc. lifted its stake in Outfront Media by 0.3% during the 2nd quarter. Piermont Capital Management Inc. now owns 99,810 shares of the financial services provider’s stock valued at $2,308,000 after acquiring an additional 310 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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. M&T Bank Corp increased its position in shares of Outfront Media by 7.6% during the 2nd quarter. M&T Bank Corp now owns 10,597 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 748 shares during the last quarter. OxFORD Asset Management LLP increased its position in shares of Outfront Media by 3.2% during the 2nd quarter. OxFORD Asset Management LLP now owns 34,268 shares of the financial services provider’s stock valued at $792,000 after purchasing an additional 1,059 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Outfront Media by 2.8% during the 2nd quarter. Royal Bank of Canada now owns 44,194 shares of the financial services provider’s stock valued at $1,022,000 after purchasing an additional 1,203 shares during the last quarter.

OUT has been the subject of several research reports. Zacks Investment Research raised shares of Outfront Media from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. ValuEngine raised shares of Outfront Media from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Wells Fargo & Co reaffirmed an “outperform” rating and set a $30.00 price target on shares of Outfront Media in a research report on Tuesday, October 3rd. Finally, Loop Capital reaffirmed a “buy” rating and set a $28.00 price target (up previously from $27.00) on shares of Outfront Media in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $30.17.

Shares of Outfront Media Inc (NYSE:OUT) opened at $23.15 on Tuesday. The company has a market cap of $3,209.43, a PE ratio of 27.56, a PEG ratio of 1.82 and a beta of 1.13. Outfront Media Inc has a 52-week low of $20.82 and a 52-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 released its earnings results on Monday, November 6th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.20). The firm had revenue of $392.40 million during the quarter, compared to analysts’ expectations of $391.18 million. Outfront Media had a return on equity of 9.57% and a net margin of 7.71%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 earnings per share. sell-side analysts expect that Outfront Media Inc will post 1.98 earnings per share for the current fiscal 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 $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 6.22%. The ex-dividend date of this dividend is Thursday, December 7th. Outfront Media’s dividend payout ratio is 171.43%.

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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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