Land & Buildings Investment Management LLC Purchases 32,080 Shares of Outfront Media Inc. (REIT) (NYSE:OUT)

Land & Buildings Investment Management LLC grew its position in Outfront Media Inc. (REIT) (NYSE:OUT) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,182,010 shares of the financial services provider’s stock after buying an additional 32,080 shares during the quarter. Outfront Media accounts for approximately 5.5% of Land & Buildings Investment Management LLC’s holdings, making the stock its 7th biggest holding. Land & Buildings Investment Management LLC owned 0.81% of Outfront Media worth $25,803,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Outfront Media by 108.1% in the first quarter. BlackRock Inc. now owns 13,248,278 shares of the financial services provider’s stock valued at $289,212,000 after purchasing an additional 6,881,162 shares during the last quarter. Perry Creek Capital LP increased its position in Outfront Media by 12.8% during the first quarter. Perry Creek Capital LP now owns 4,077,978 shares of the financial services provider’s stock worth $89,022,000 after buying an additional 463,619 shares in the last quarter. Fir Tree Capital Management LP increased its position in Outfront Media by 40.8% during the first quarter. Fir Tree Capital Management LP now owns 3,156,790 shares of the financial services provider’s stock worth $68,913,000 after buying an additional 914,735 shares in the last quarter. Brookfield Asset Management Inc. lifted its position in shares of Outfront Media by 4,566.3% in the fourth quarter. Brookfield Asset Management Inc. now owns 2,645,777 shares of the financial services provider’s stock valued at $51,751,000 after acquiring an additional 2,589,077 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Outfront Media by 3.0% during the first quarter. Geode Capital Management LLC now owns 2,211,607 shares of the financial services provider’s stock valued at $48,279,000 after acquiring an additional 65,112 shares during the last quarter. 95.12% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE OUT traded down $0.43 on Thursday, hitting $23.03. The company had a trading volume of 7,151 shares, compared to its average volume of 2,320,507. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.80 and a quick ratio of 1.80. Outfront Media Inc. has a 12-month low of $12.88 and a 12-month high of $25.07. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 103.50, a P/E/G ratio of 3.16 and a beta of 1.91. The company has a 50 day moving average price of $23.78.

Outfront Media (NYSE:OUT) last issued its quarterly earnings data on Tuesday, May 4th. The financial services provider reported ($0.52) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.46) by ($0.06). The firm had revenue of $259.20 million during the quarter, compared to analyst estimates of $272.23 million. Outfront Media had a negative net margin of 12.14% and a negative return on equity of 13.77%. The firm’s revenue was down 32.7% compared to the same quarter last year. During the same period last year, the business earned $0.04 EPS. Equities research analysts predict that Outfront Media Inc. will post 0.71 EPS for the current year.

OUT has been the topic of a number of recent research reports. Morgan Stanley upped their target price on shares of Outfront Media from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday, June 11th. Citigroup lifted their target price on shares of Outfront Media from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, May 19th. Oppenheimer boosted their price target on Outfront Media from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, March 24th. Barrington Research raised their price objective on Outfront Media from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, May 6th. Finally, upped their price objective on shares of Outfront Media from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, May 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $25.29.

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.

Further Reading: Percentage Gainers

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

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