Centersquare Investment Management LLC Sells 297,118 Shares of OUTFRONT Media Inc. (NYSE:OUT)

Centersquare Investment Management LLC cut its holdings in OUTFRONT Media Inc. (NYSE:OUT) by 68.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,324 shares of the financial services provider’s stock after selling 297,118 shares during the quarter. Centersquare Investment Management LLC owned about 0.08% of OUTFRONT Media worth $2,162,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Spire Wealth Management bought a new stake in OUTFRONT Media in the fourth quarter worth $28,000. Riverview Trust Co bought a new stake in shares of OUTFRONT Media during the 1st quarter worth about $33,000. Allworth Financial LP increased its holdings in shares of OUTFRONT Media by 52.7% during the 4th quarter. Allworth Financial LP now owns 2,534 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 874 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of OUTFRONT Media by 105.2% during the 1st quarter. GAMMA Investing LLC now owns 3,849 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 1,973 shares during the last quarter. Finally, CWM LLC raised its stake in shares of OUTFRONT Media by 163.6% in the 4th quarter. CWM LLC now owns 6,044 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 3,751 shares in the last quarter.

OUTFRONT Media Stock Performance

NYSE OUT traded down $0.18 during trading on Friday, hitting $15.51. The company’s stock had a trading volume of 881,660 shares, compared to its average volume of 1,262,869. OUTFRONT Media Inc. has a 52 week low of $8.18 and a 52 week high of $17.02. The firm has a market cap of $2.57 billion, a P/E ratio of -5.83, a price-to-earnings-growth ratio of 1.01 and a beta of 1.92. The firm has a 50 day moving average price of $14.46 and a 200 day moving average price of $14.65. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 5.08.

OUTFRONT Media Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date of this dividend was Friday, June 7th. OUTFRONT Media’s dividend payout ratio (DPR) is currently -45.11%.

Analysts Set New Price Targets

Several equities analysts have commented on OUT shares. TD Cowen initiated coverage on OUTFRONT Media in a report on Tuesday. They set a “hold” rating and a $16.00 price target on the stock. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price objective on shares of OUTFRONT Media in a report on Monday, July 15th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $15.00.

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.