OUTFRONT Media Inc. (OUT) Shares Bought by Swiss National Bank

Swiss National Bank increased its stake in shares of OUTFRONT Media Inc. (NYSE:OUT) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,954 shares of the financial services provider’s stock after acquiring an additional 3,600 shares during the quarter. Swiss National Bank owned about 0.17% of OUTFRONT Media worth $5,363,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. raised its stake in OUTFRONT Media by 5.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 3,785 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 210 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in OUTFRONT Media by 10.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,106 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 478 shares in the last quarter. Pacad Investment Ltd. raised its stake in OUTFRONT Media by 54.3% during the 2nd quarter. Pacad Investment Ltd. now owns 5,400 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 1,900 shares in the last quarter. Smithfield Trust Co. raised its stake in OUTFRONT Media by 435.6% during the 2nd quarter. Smithfield Trust Co. now owns 5,742 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 4,670 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in OUTFRONT Media by 47.5% during the 1st quarter. Quantbot Technologies LP now owns 6,419 shares of the financial services provider’s stock worth $170,000 after acquiring an additional 2,068 shares in the last quarter.

Several brokerages recently commented on OUT. ValuEngine lowered shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Barrington Research reiterated an “outperform” rating and set a $26.00 price target (down from $29.00) on shares of OUTFRONT Media in a research note on Monday, August 14th. BidaskClub lowered shares of OUTFRONT Media from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research note on Monday, July 10th. Finally, Loop Capital upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Monday, June 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. OUTFRONT Media currently has a consensus rating of “Hold” and an average price target of $29.71.

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Shares of OUTFRONT Media Inc. (OUT) opened at 21.32 on Wednesday. OUTFRONT Media Inc. has a 52 week low of $21.00 and a 52 week high of $27.89. The company’s 50-day moving average is $21.93 and its 200 day moving average is $23.72. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 28.46 and a beta of 1.14.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.36 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.44 dividend on an annualized basis and a yield of 6.75%. OUTFRONT Media’s dividend payout ratio (DPR) is 189.48%.

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.

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

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