Allianz Asset Management GmbH Acquires 37,140 Shares of OUTFRONT Media Inc. (OUT)

Allianz Asset Management GmbH raised its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 23.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,783 shares of the financial services provider’s stock after buying an additional 37,140 shares during the period. Allianz Asset Management GmbH owned about 0.14% of OUTFRONT Media worth $4,930,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in OUT. Teacher Retirement System of Texas lifted its position in shares of OUTFRONT Media by 2.3% during the second quarter. Teacher Retirement System of Texas now owns 11,034 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 244 shares in the last quarter. Piermont Capital Management Inc. lifted its position in shares of OUTFRONT Media by 0.3% during the second quarter. Piermont Capital Management Inc. now owns 99,810 shares of the financial services provider’s stock worth $2,308,000 after purchasing an additional 310 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of OUTFRONT Media by 10.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,106 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 478 shares in the last quarter. M&T Bank Corp lifted its position in shares of OUTFRONT Media by 7.6% during the second quarter. M&T Bank Corp now owns 10,597 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 748 shares in the last quarter. Finally, OxFORD Asset Management LLP lifted its position in shares of OUTFRONT Media by 3.2% during the second quarter. OxFORD Asset Management LLP now owns 34,268 shares of the financial services provider’s stock worth $792,000 after purchasing an additional 1,059 shares in the last quarter.

A number of research firms have recently commented on OUT. Zacks Investment Research raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Wells Fargo & Company reissued an “outperform” rating and set a $30.00 target price on shares of OUTFRONT Media in a research report on Tuesday, October 3rd. ValuEngine raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Loop Capital reissued a “buy” rating and set a $28.00 target price (up from $27.00) on shares of OUTFRONT Media in a research report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $30.17.

Shares of OUTFRONT Media Inc. (OUT) opened at $23.21 on Thursday. The stock has a market cap of $3,183.09, a price-to-earnings ratio of 11.71, a P/E/G ratio of 1.81 and a beta of 1.13. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.73. OUTFRONT Media Inc. has a twelve month low of $20.82 and a twelve month high of $27.89.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.20). The company had revenue of $392.40 million during the quarter, compared to analyst estimates of $391.18 million. OUTFRONT Media had a net margin of 7.71% and a return on equity of 9.57%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 earnings per share. equities analysts predict that OUTFRONT Media Inc. will post 1.98 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a $0.36 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.44 annualized dividend and a yield of 6.20%. OUTFRONT Media’s dividend payout ratio is presently 171.43%.

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OUTFRONT Media Profile

OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.

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

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