Arizona State Retirement System Has $531,000 Stock Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Arizona State Retirement System reduced its stake in OUTFRONT Media Inc. (NYSE:OUT) by 3.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 37,150 shares of the financial services provider’s stock after selling 1,406 shares during the period. Arizona State Retirement System’s holdings in OUTFRONT Media were worth $531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of OUT. Wellington Management Group LLP grew its stake in OUTFRONT Media by 6.0% in the 4th quarter. Wellington Management Group LLP now owns 3,027,771 shares of the financial services provider’s stock valued at $42,268,000 after buying an additional 170,744 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of OUTFRONT Media by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,866,788 shares of the financial services provider’s stock valued at $40,020,000 after purchasing an additional 91,139 shares during the last quarter. Lasalle Investment Management Securities LLC increased its stake in shares of OUTFRONT Media by 17.3% during the first quarter. Lasalle Investment Management Securities LLC now owns 2,842,935 shares of the financial services provider’s stock worth $47,733,000 after purchasing an additional 419,706 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in OUTFRONT Media by 10.9% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,137,548 shares of the financial services provider’s stock worth $30,567,000 after purchasing an additional 210,208 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in OUTFRONT Media by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,067,826 shares of the financial services provider’s stock valued at $28,869,000 after purchasing an additional 44,534 shares during the period.

OUTFRONT Media Stock Up 2.9 %

OUT stock opened at $17.64 on Tuesday. OUTFRONT Media Inc. has a 52 week low of $8.18 and a 52 week high of $17.75. The business has a 50-day simple moving average of $15.91 and a 200 day simple moving average of $15.38. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 3.71. The company has a market cap of $2.93 billion, a PE ratio of -6.63, a price-to-earnings-growth ratio of 1.10 and a beta of 1.94.

OUTFRONT Media (NYSE:OUT) last issued its earnings results on Tuesday, August 6th. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.41 by $0.60. The company had revenue of $477.30 million during the quarter, compared to analysts’ expectations of $482.27 million. OUTFRONT Media had a net margin of 12.32% and a return on equity of 37.83%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 EPS. Sell-side analysts anticipate that OUTFRONT Media Inc. will post 1.53 EPS for the current fiscal year.

OUTFRONT Media Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.80%. The ex-dividend date is Friday, September 6th. OUTFRONT Media’s dividend payout ratio is presently -45.11%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OUT. Barrington Research increased their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. lifted their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. TD Cowen initiated coverage on shares of OUTFRONT Media in a report on Tuesday, July 16th. They issued a “hold” rating and a $16.00 price objective for the company. Finally, StockNews.com raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, OUTFRONT Media has an average rating of “Hold” and an average target price of $16.00.

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.