15,472 Shares in OUTFRONT Media Inc. (NYSE:OUT) Purchased by Diversify Advisory Services LLC

Diversify Advisory Services LLC purchased a new position in shares of OUTFRONT Media Inc. (NYSE:OUT) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,472 shares of the financial services provider’s stock, valued at approximately $288,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lasalle Investment Management Securities LLC boosted its position in OUTFRONT Media by 17.3% during the first quarter. Lasalle Investment Management Securities LLC now owns 2,842,935 shares of the financial services provider’s stock worth $47,733,000 after acquiring an additional 419,706 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in OUTFRONT Media by 48.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 711,491 shares of the financial services provider’s stock valued at $10,174,000 after purchasing an additional 232,300 shares during the last quarter. Duality Advisers LP acquired a new position in OUTFRONT Media in the 1st quarter valued at about $944,000. BNP Paribas Financial Markets boosted its holdings in OUTFRONT Media by 51.9% in the 1st quarter. BNP Paribas Financial Markets now owns 375,690 shares of the financial services provider’s stock valued at $6,308,000 after purchasing an additional 128,343 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in OUTFRONT Media by 266.2% in the 2nd quarter. SG Americas Securities LLC now owns 48,711 shares of the financial services provider’s stock valued at $697,000 after purchasing an additional 35,409 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have weighed in on OUT. Wolfe Research lowered shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. TD Cowen began coverage on shares of OUTFRONT Media in a report on Tuesday, July 16th. They issued a “hold” rating and a $16.00 target price on the stock. Barrington Research boosted their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. Wells Fargo & Company began coverage on shares of OUTFRONT Media in a report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, OUTFRONT Media currently has an average rating of “Hold” and a consensus price target of $18.50.

OUTFRONT Media Stock Performance

Shares of OUT stock opened at $17.76 on Friday. OUTFRONT Media Inc. has a one year low of $9.50 and a one year high of $19.33. The firm’s 50 day moving average price is $17.78 and its 200-day moving average price is $15.90. The firm has a market cap of $2.95 billion, a P/E ratio of -6.68, a P/E/G ratio of 1.20 and a beta of 1.94. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.67 and a current ratio of 0.67.

OUTFRONT Media (NYSE:OUT) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.60. OUTFRONT Media had a net margin of 12.32% and a return on equity of 37.83%. The firm had revenue of $477.30 million for the quarter, compared to the consensus estimate of $482.27 million. During the same period in the prior year, the firm earned $0.47 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, equities research analysts predict that OUTFRONT Media Inc. will post 1.53 EPS for the current year.

OUTFRONT Media Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.76%. The ex-dividend date was Friday, September 6th. OUTFRONT Media’s payout ratio is currently -45.11%.

OUTFRONT Media Company Profile

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.