Arizona State Retirement System Sells 756 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Arizona State Retirement System cut its holdings in OUTFRONT Media Inc. (NYSE:OUT) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,523 shares of the financial services provider’s stock after selling 756 shares during the period. Arizona State Retirement System’s holdings in OUTFRONT Media were worth $580,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in OUTFRONT Media by 16.4% in the third quarter. Vanguard Group Inc. now owns 25,900,724 shares of the financial services provider’s stock worth $393,432,000 after purchasing an additional 3,643,500 shares in the last quarter. BlackRock Inc. lifted its position in OUTFRONT Media by 3.2% during the 1st quarter. BlackRock Inc. now owns 19,931,847 shares of the financial services provider’s stock worth $566,663,000 after acquiring an additional 610,565 shares during the last quarter. FMR LLC lifted its position in OUTFRONT Media by 50.8% during the 3rd quarter. FMR LLC now owns 6,300,057 shares of the financial services provider’s stock worth $63,631,000 after acquiring an additional 2,122,950 shares during the last quarter. JPMorgan Chase & Co. lifted its position in OUTFRONT Media by 0.5% during the 1st quarter. JPMorgan Chase & Co. now owns 5,922,858 shares of the financial services provider’s stock worth $96,128,000 after acquiring an additional 28,388 shares during the last quarter. Finally, State Street Corp lifted its position in OUTFRONT Media by 1.0% during the 2nd quarter. State Street Corp now owns 5,538,125 shares of the financial services provider’s stock worth $87,059,000 after acquiring an additional 55,754 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OUT shares. 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 report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $14.50.

OUTFRONT Media Stock Down 0.3 %

Shares of OUT opened at $14.83 on Friday. The company has a 50-day simple moving average of $15.22 and a 200-day simple moving average of $13.21. The firm has a market capitalization of $2.46 billion, a P/E ratio of -5.55, a P/E/G ratio of 0.97 and a beta of 1.87. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.67 and a current ratio of 0.67. OUTFRONT Media Inc. has a 52 week low of $8.18 and a 52 week high of $17.02.

OUTFRONT Media Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 1st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.09%. The ex-dividend date of this dividend was Thursday, February 29th. OUTFRONT Media’s dividend payout ratio is currently -44.94%.

OUTFRONT Media 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.