Arizona State Retirement System Sells 1,406 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Arizona State Retirement System cut its holdings in OUTFRONT Media Inc. (NYSE:OUT) by 3.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 37,150 shares of the financial services provider’s stock after selling 1,406 shares during the quarter. Arizona State Retirement System’s holdings in OUTFRONT Media were worth $531,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. National Bank of Canada FI acquired a new position in shares of OUTFRONT Media in the second quarter valued at approximately $28,000. Riverview Trust Co acquired a new position in OUTFRONT Media in the 1st quarter worth $33,000. GAMMA Investing LLC increased its holdings in OUTFRONT Media by 105.2% during the 1st quarter. GAMMA Investing LLC now owns 3,849 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 1,973 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of OUTFRONT Media in the 4th quarter valued at about $143,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of OUTFRONT Media by 211.5% in the fourth quarter. Quadrant Capital Group LLC now owns 10,658 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 7,236 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. TD Cowen assumed coverage on shares of OUTFRONT Media in a research report on Tuesday, July 16th. They issued a “hold” rating and a $16.00 price objective on the stock. Barrington Research raised their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Finally, StockNews.com upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.00.

OUTFRONT Media Trading Up 2.9 %

NYSE OUT opened at $17.64 on Tuesday. OUTFRONT Media Inc. has a 12 month low of $8.18 and a 12 month high of $17.75. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.71. The stock has a 50 day moving average of $15.91 and a 200-day moving average of $15.38. The company has a market cap of $2.93 billion, a PE ratio of -6.63, a PEG ratio of 1.10 and a beta of 1.94.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.60. The firm had revenue of $477.30 million during the quarter, compared to analysts’ expectations of $482.27 million. OUTFRONT Media had a net margin of 12.32% and a return on equity of 37.83%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 earnings per share. On average, equities research analysts anticipate that OUTFRONT Media Inc. will post 1.53 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date of this dividend is Friday, September 6th. OUTFRONT Media’s dividend payout ratio (DPR) is presently -45.11%.

About OUTFRONT Media

OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.