Raymond James Financial Inc. Invests $980,000 in OUTFRONT Media Inc. (NYSE:OUT)

Raymond James Financial Inc. acquired a new stake in shares of OUTFRONT Media Inc. (NYSE:OUT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 55,240 shares of the financial services provider’s stock, valued at approximately $980,000.

Several other large investors have also recently added to or reduced their stakes in OUT. Loomis Sayles & Co. L P purchased a new position in shares of OUTFRONT Media during the 4th quarter valued at $47,000. GAMMA Investing LLC grew its stake in OUTFRONT Media by 19.3% in the fourth quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 613 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in OUTFRONT Media by 155.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 2,555 shares in the last quarter. KBC Group NV raised its stake in shares of OUTFRONT Media by 47.9% during the 4th quarter. KBC Group NV now owns 6,198 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 2,006 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of OUTFRONT Media during the 4th quarter worth about $192,000.

Wall Street Analyst Weigh In

OUT has been the topic of a number of research reports. Barrington Research restated an “outperform” rating and issued a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday, April 23rd. Morgan Stanley cut their price target on shares of OUTFRONT Media from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $19.08.

OUTFRONT Media Stock Down 0.4 %

Shares of OUTFRONT Media stock opened at $15.66 on Tuesday. OUTFRONT Media Inc. has a 12-month low of $12.95 and a 12-month high of $19.98. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. The stock has a 50 day moving average price of $15.77 and a two-hundred day moving average price of $17.69. The stock has a market capitalization of $2.62 billion, a P/E ratio of 11.16, a PEG ratio of 1.06 and a beta of 1.84.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.06. The business had revenue of $493.20 million during the quarter, compared to the consensus estimate of $490.42 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. Equities analysts expect that OUTFRONT Media Inc. will post 1.59 earnings per share for the current year.

OUTFRONT Media Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.67%. OUTFRONT Media’s payout ratio is presently 81.63%.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.