49,607 Shares in Outfront Media Inc. (NYSE:OUT) Acquired by Verition Fund Management LLC

Verition Fund Management LLC purchased a new position in Outfront Media Inc. (NYSE:OUTGet Rating) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 49,607 shares of the financial services provider’s stock, valued at approximately $1,410,000.

Other hedge funds also recently modified their holdings of the company. Lazard Asset Management LLC bought a new stake in shares of Outfront Media in the 1st quarter worth approximately $28,000. Quantbot Technologies LP bought a new stake in shares of Outfront Media in the 1st quarter worth approximately $41,000. SG Americas Securities LLC bought a new stake in shares of Outfront Media in the 1st quarter worth approximately $136,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Outfront Media in the 1st quarter worth approximately $206,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Outfront Media by 91.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,336 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 3,500 shares during the period.

Wall Street Analysts Forecast Growth

OUT has been the topic of a number of analyst reports. Morgan Stanley lowered their target price on shares of Outfront Media from $33.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, June 10th. Barrington Research lowered their target price on shares of Outfront Media from $33.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, August 12th. Finally, Citigroup lowered their target price on shares of Outfront Media from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, July 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.75.

Outfront Media Stock Down 0.3 %

OUT opened at $18.05 on Tuesday. The company has a fifty day moving average price of $18.38 and a 200-day moving average price of $21.34. The firm has a market capitalization of $2.96 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 0.98 and a beta of 1.66. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.87 and a quick ratio of 0.87. Outfront Media Inc. has a one year low of $16.07 and a one year high of $29.36.

Outfront Media Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.65%. Outfront Media’s dividend payout ratio (DPR) is currently 144.58%.

About Outfront Media

(Get Rating)

Outfront Media Inc 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 Media Inc will fundamentally change the ways advertisers engage audiences on-the-go.

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Institutional Ownership by Quarter for Outfront Media (NYSE:OUT)

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