Nisa Investment Advisors LLC Has $1.66 Million Position in OUTFRONT Media Inc. (NYSE:OUT)

Nisa Investment Advisors LLC trimmed its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 16.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,604 shares of the financial services provider’s stock after selling 22,938 shares during the period. Nisa Investment Advisors LLC’s holdings in OUTFRONT Media were worth $1,656,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC bought a new stake in OUTFRONT Media during the first quarter valued at about $28,000. Quantbot Technologies LP acquired a new position in shares of OUTFRONT Media during the first quarter valued at about $41,000. Belpointe Asset Management LLC raised its position in shares of OUTFRONT Media by 116.7% during the first quarter. Belpointe Asset Management LLC now owns 1,560 shares of the financial services provider’s stock valued at $25,000 after buying an additional 840 shares during the last quarter. State of Wyoming acquired a new position in shares of OUTFRONT Media during the second quarter valued at about $26,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in OUTFRONT Media in the fourth quarter worth about $33,000.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on OUT. TheStreet raised shares of OUTFRONT Media from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. StockNews.com raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, OUTFRONT Media currently has a consensus rating of “Hold” and a consensus price target of $14.50.

OUTFRONT Media Stock Performance

Shares of OUTFRONT Media stock opened at $15.63 on Monday. The stock’s fifty day simple moving average is $15.04 and its 200 day simple moving average is $13.12. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 4.39. The company has a market capitalization of $2.59 billion, a PE ratio of -5.85, a PEG ratio of 1.02 and a beta of 1.87. OUTFRONT Media Inc. has a 12 month low of $8.18 and a 12 month high of $17.02.

OUTFRONT Media Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 1st were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.20 annualized dividend and a yield of 7.68%. OUTFRONT Media’s dividend payout ratio is presently -44.94%.

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.