State of New Jersey Common Pension Fund D Has $2.78 Million Position in OUTFRONT Media Inc. (NYSE:OUT)

State of New Jersey Common Pension Fund D decreased its position in shares of OUTFRONT Media Inc. (NYSE:OUT) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 199,244 shares of the financial services provider’s stock after selling 10,177 shares during the period. State of New Jersey Common Pension Fund D’s holdings in OUTFRONT Media were worth $2,781,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in OUT. SG Americas Securities LLC acquired a new stake in shares of OUTFRONT Media in the 3rd quarter valued at $892,000. Raymond James & Associates boosted its stake in OUTFRONT Media by 94.6% in the third quarter. Raymond James & Associates now owns 30,024 shares of the financial services provider’s stock valued at $303,000 after buying an additional 14,593 shares in the last quarter. Bank of New York Mellon Corp grew its position in OUTFRONT Media by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 1,759,657 shares of the financial services provider’s stock valued at $17,773,000 after acquiring an additional 7,893 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in OUTFRONT Media by 15.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,628 shares of the financial services provider’s stock worth $309,000 after acquiring an additional 4,154 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new position in shares of OUTFRONT Media in the third quarter worth about $175,000.

Analysts Set New Price Targets

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

OUTFRONT Media Stock Up 1.7 %

Shares of NYSE OUT opened at $16.00 on Tuesday. OUTFRONT Media Inc. has a 1 year low of $8.18 and a 1 year high of $17.02. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $2.65 billion, a PE ratio of -5.99, a price-to-earnings-growth ratio of 1.03 and a beta of 1.87. The company has a 50 day simple moving average of $15.57 and a 200 day simple moving average of $13.60.

OUTFRONT Media Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 1st were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.50%. OUTFRONT Media’s dividend payout ratio (DPR) is presently -44.94%.

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.