California Public Employees Retirement System Cuts Stake in OUTFRONT Media Inc. (OUT)

California Public Employees Retirement System reduced its position in OUTFRONT Media Inc. (NYSE:OUT) by 3.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 464,000 shares of the financial services provider’s stock after selling 14,800 shares during the period. California Public Employees Retirement System’s holdings in OUTFRONT Media were worth $12,319,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. New York State Teachers Retirement System boosted its position in shares of OUTFRONT Media by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 12,100 shares of the financial services provider’s stock worth $301,000 after buying an additional 100 shares during the last quarter. BLB&B Advisors LLC boosted its position in shares of OUTFRONT Media by 0.6% in the first quarter. BLB&B Advisors LLC now owns 29,107 shares of the financial services provider’s stock worth $773,000 after buying an additional 175 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of OUTFRONT Media by 5.9% in the first quarter. Asset Management One Co. Ltd. now owns 3,785 shares of the financial services provider’s stock worth $100,000 after buying an additional 210 shares during the last quarter. Credit Agricole S A boosted its position in shares of OUTFRONT Media by 0.3% in the fourth quarter. Credit Agricole S A now owns 168,447 shares of the financial services provider’s stock worth $4,189,000 after buying an additional 447 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of OUTFRONT Media by 1.6% in the first quarter. US Bancorp DE now owns 40,467 shares of the financial services provider’s stock worth $1,074,000 after buying an additional 621 shares during the last quarter.

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

OUTFRONT Media Inc. (NYSE OUT) traded down 0.96% during trading on Thursday, hitting $22.69. The company had a trading volume of 54,259 shares. The company’s 50 day moving average price is $23.16 and its 200-day moving average price is $25.39. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 32.74 and a beta of 1.15. OUTFRONT Media Inc. has a 1-year low of $20.72 and a 1-year high of $27.89.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 9th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 6.29%. The ex-dividend date is Wednesday, June 7th. OUTFRONT Media’s dividend payout ratio is presently 205.72%.

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A number of brokerages recently commented on OUT. Zacks Investment Research upgraded OUTFRONT Media from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, April 25th. Loop Capital raised OUTFRONT Media from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Monday, June 5th. TheStreet lowered OUTFRONT Media from a “b-” rating to a “c” rating in a research note on Friday, May 12th. Wedbush raised their price objective on OUTFRONT Media from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, February 23rd. Finally, ValuEngine lowered OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. OUTFRONT Media currently has a consensus rating of “Hold” and an average price target of $30.14.

About OUTFRONT Media

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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