Greenleaf Trust Buys Shares of 11,414 OUTFRONT Media Inc. (NYSE:OUT)

Greenleaf Trust purchased a new stake in shares of OUTFRONT Media Inc. (NYSE:OUT) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 11,414 shares of the financial services provider’s stock, valued at approximately $159,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC lifted its holdings in OUTFRONT Media by 50.8% in the 3rd quarter. FMR LLC now owns 6,300,057 shares of the financial services provider’s stock valued at $63,631,000 after acquiring an additional 2,122,950 shares during the last quarter. Invesco Ltd. increased its holdings in OUTFRONT Media by 39.5% in the third quarter. Invesco Ltd. now owns 4,543,787 shares of the financial services provider’s stock worth $45,892,000 after buying an additional 1,285,752 shares during the last quarter. Lasalle Investment Management Securities LLC increased its holdings in OUTFRONT Media by 80.9% in the third quarter. Lasalle Investment Management Securities LLC now owns 2,849,449 shares of the financial services provider’s stock worth $28,779,000 after buying an additional 1,273,878 shares during the last quarter. Rush Island Management LP bought a new stake in OUTFRONT Media during the third quarter worth approximately $12,117,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in OUTFRONT Media by 70.2% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,927,110 shares of the financial services provider’s stock worth $19,464,000 after purchasing an additional 794,695 shares during the period.

OUTFRONT Media Trading Down 0.7 %

Shares of OUTFRONT Media stock opened at $15.34 on Friday. OUTFRONT Media Inc. has a 12-month low of $8.18 and a 12-month high of $17.02. The business’s 50 day moving average is $15.45 and its 200-day moving average is $13.43. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 4.39. The stock has a market cap of $2.54 billion, a P/E ratio of -5.75, a P/E/G ratio of 1.01 and a beta of 1.87.

OUTFRONT Media Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 1st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.82%. The ex-dividend date of this dividend was Thursday, February 29th. OUTFRONT Media’s dividend payout ratio is -44.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on OUT shares. TheStreet raised OUTFRONT Media from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. StockNews.com upgraded OUTFRONT Media from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.50.

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.