2,000 Shares in OUTFRONT Media Inc. (NYSE:OUT) Bought by National Bank of Canada FI

National Bank of Canada FI acquired a new stake in OUTFRONT Media Inc. (NYSE:OUT) during the second quarter, HoldingsChannel reports. The firm acquired 2,000 shares of the financial services provider’s stock, valued at approximately $28,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Rhumbline Advisers increased its position in OUTFRONT Media by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 496,221 shares of the financial services provider’s stock valued at $7,096,000 after acquiring an additional 4,193 shares during the period. Bailard Inc. purchased a new position in shares of OUTFRONT Media in the 2nd quarter valued at approximately $180,000. Louisiana State Employees Retirement System increased its holdings in shares of OUTFRONT Media by 2.1% in the second quarter. Louisiana State Employees Retirement System now owns 73,400 shares of the financial services provider’s stock valued at $1,050,000 after purchasing an additional 1,500 shares during the period. ZWJ Investment Counsel Inc. raised its stake in shares of OUTFRONT Media by 5.5% during the second quarter. ZWJ Investment Counsel Inc. now owns 1,408,093 shares of the financial services provider’s stock worth $20,136,000 after purchasing an additional 73,645 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of OUTFRONT Media by 3.9% during the second quarter. Nisa Investment Advisors LLC now owns 124,054 shares of the financial services provider’s stock worth $1,774,000 after purchasing an additional 4,643 shares during the period.

Analyst Ratings Changes

Several equities analysts have issued reports on OUT shares. Barrington Research boosted their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. boosted their price target 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. StockNews.com upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. Finally, TD Cowen assumed coverage on OUTFRONT Media in a research report on Tuesday, July 16th. They set a “hold” rating and a $16.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, OUTFRONT Media presently has an average rating of “Hold” and an average price target of $16.00.

OUTFRONT Media Stock Performance

NYSE:OUT opened at $17.14 on Monday. The firm’s fifty day simple moving average is $15.84 and its 200-day simple moving average is $15.35. 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 stock has a market cap of $2.84 billion, a PE ratio of -6.44, a price-to-earnings-growth ratio of 1.10 and a beta of 1.94. OUTFRONT Media Inc. has a fifty-two week low of $8.18 and a fifty-two week high of $17.27.

OUTFRONT Media (NYSE:OUT) last issued its earnings results on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.60. OUTFRONT Media had a net margin of 12.32% and a return on equity of 37.83%. The company had revenue of $477.30 million for the quarter, compared to analyst estimates of $482.27 million. During the same period in the prior year, the business posted $0.47 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. Analysts expect that OUTFRONT Media Inc. will post 1.53 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The company 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 annualized dividend and a yield of 7.00%. The ex-dividend date of this dividend is Friday, September 6th. OUTFRONT Media’s dividend payout ratio (DPR) is -45.11%.

About OUTFRONT Media

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.