OUTFRONT Media Inc. (NYSE:OUT) Shares Purchased by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC grew its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,146,553 shares of the financial services provider’s stock after purchasing an additional 64,072 shares during the period. OUTFRONT Media makes up about 2.4% of Lasalle Investment Management Securities LLC’s holdings, making the stock its 19th largest holding. Lasalle Investment Management Securities LLC owned about 1.94% of OUTFRONT Media worth $55,820,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of OUT. Loomis Sayles & Co. L P purchased a new stake in OUTFRONT Media during the 4th quarter worth approximately $47,000. Sterling Capital Management LLC increased its position in shares of OUTFRONT Media by 672.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 2,522 shares during the period. GAMMA Investing LLC boosted its holdings in OUTFRONT Media by 19.3% in the fourth quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 613 shares during the period. Smartleaf Asset Management LLC boosted its holdings in OUTFRONT Media by 155.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 2,555 shares during the period. Finally, KBC Group NV grew its stake in OUTFRONT Media by 47.9% during the 4th quarter. KBC Group NV now owns 6,198 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 2,006 shares in the last quarter.

OUTFRONT Media Stock Performance

Shares of OUT opened at $14.47 on Friday. The stock has a 50-day simple moving average of $16.55 and a 200-day simple moving average of $17.99. The stock has a market capitalization of $2.42 billion, a PE ratio of 10.31, a PEG ratio of 1.06 and a beta of 1.79. OUTFRONT Media Inc. has a 1 year low of $12.95 and a 1 year high of $19.98. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The company had revenue of $493.20 million for the quarter, compared to the consensus estimate of $490.42 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. On average, analysts predict that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 8.29%. The ex-dividend date of this dividend was Friday, March 7th. OUTFRONT Media’s dividend payout ratio (DPR) is 81.63%.

About OUTFRONT Media

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.