OUTFRONT Media Inc. (OUT) Holdings Cut by Macquarie Group Ltd.

Macquarie Group Ltd. cut its position in OUTFRONT Media Inc. (NYSE:OUT) by 56.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 772,029 shares of the financial services provider’s stock after selling 1,004,440 shares during the period. Macquarie Group Ltd. owned approximately 0.56% of OUTFRONT Media worth $17,849,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of OUT. BlackRock Inc. raised its holdings in OUTFRONT Media by 6,693.0% in the first quarter. BlackRock Inc. now owns 7,335,438 shares of the financial services provider’s stock worth $194,756,000 after buying an additional 7,227,453 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in OUTFRONT Media by 69.8% in the second quarter. Daiwa Securities Group Inc. now owns 3,864,333 shares of the financial services provider’s stock worth $89,343,000 after buying an additional 1,589,096 shares during the last quarter. Deprince Race & Zollo Inc. raised its holdings in OUTFRONT Media by 53.7% in the second quarter. Deprince Race & Zollo Inc. now owns 2,980,580 shares of the financial services provider’s stock worth $68,911,000 after buying an additional 1,040,813 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in OUTFRONT Media by 7.3% in the second quarter. JPMorgan Chase & Co. now owns 14,230,026 shares of the financial services provider’s stock worth $328,999,000 after buying an additional 973,398 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in OUTFRONT Media by 8.3% in the first quarter. Vanguard Group Inc. now owns 11,150,528 shares of the financial services provider’s stock worth $296,046,000 after buying an additional 855,888 shares during the last quarter.

OUTFRONT Media Inc. (OUT) opened at 24.76 on Friday. OUTFRONT Media Inc. has a 12-month low of $20.82 and a 12-month high of $27.89. The stock’s 50 day moving average is $22.71 and its 200 day moving average is $23.43. The stock has a market capitalization of $3.43 billion, a PE ratio of 33.06 and a beta of 1.19.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date was Thursday, September 7th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 189.48%.

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OUT has been the subject of several recent analyst reports. ValuEngine raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Loop Capital reaffirmed a “buy” rating and issued a $28.00 target price (up from $27.00) on shares of OUTFRONT Media in a report on Thursday, September 28th. Zacks Investment Research raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Monday, July 10th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $30.00 target price on shares of OUTFRONT Media in a report on Tuesday, October 3rd. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $26.00 target price (down from $29.00) on shares of OUTFRONT Media in a report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $30.17.

OUTFRONT Media 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.

Institutional Ownership by Quarter for OUTFRONT Media (NYSE:OUT)

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