Walthausen & Co. LLC reduced its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 256,424 shares of the financial services provider’s stock after selling 10,630 shares during the quarter. Walthausen & Co. LLC owned approximately 0.18% of OUTFRONT Media worth $5,929,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. increased its position in OUTFRONT Media by 7.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,230,026 shares of the financial services provider’s stock valued at $328,999,000 after purchasing an additional 973,398 shares during the period. Vanguard Group Inc. boosted its holdings in shares of OUTFRONT Media by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 11,686,258 shares of the financial services provider’s stock valued at $270,185,000 after buying an additional 535,730 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of OUTFRONT Media by 7.6% during the 2nd quarter. BlackRock Inc. now owns 7,891,111 shares of the financial services provider’s stock valued at $182,443,000 after buying an additional 555,673 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of OUTFRONT Media during the 2nd quarter valued at $100,424,000. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of OUTFRONT Media by 69.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,864,333 shares of the financial services provider’s stock valued at $89,343,000 after buying an additional 1,589,096 shares in the last quarter.
A number of analysts have recently commented on OUT shares. Zacks Investment Research upgraded shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Monday, July 10th. BidaskClub cut shares of OUTFRONT Media from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. ValuEngine cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Barrington Research restated an “outperform” rating and set a $26.00 target price (down previously from $29.00) on shares of OUTFRONT Media in a report on Monday, August 14th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $30.00 target price on shares of OUTFRONT Media in a report on Tuesday, October 3rd. One 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’s stock. OUTFRONT Media presently has an average rating of “Hold” and an average target price of $30.17.
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The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date of this dividend was Thursday, September 7th. OUTFRONT Media’s dividend payout ratio (DPR) is 189.48%.
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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