Lasalle Investment Management Securities LLC Grows Stake in OUTFRONT Media Inc. (NYSE:OUT)

Lasalle Investment Management Securities LLC grew its holdings in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,146,553 shares of the financial services provider's stock after purchasing an additional 64,072 shares during the period. OUTFRONT Media comprises about 2.4% of Lasalle Investment Management Securities LLC's investment portfolio, making the stock its 19th biggest holding. Lasalle Investment Management Securities LLC owned 1.94% of OUTFRONT Media worth $55,820,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Loomis Sayles & Co. L P purchased a new stake in OUTFRONT Media during the 4th quarter valued at $47,000. Sterling Capital Management LLC grew its holdings in shares of OUTFRONT Media by 672.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider's stock worth $51,000 after acquiring an additional 2,522 shares during the period. GAMMA Investing LLC increased its position in OUTFRONT Media by 19.3% during the fourth quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider's stock valued at $67,000 after acquiring an additional 613 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in OUTFRONT Media by 155.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider's stock valued at $73,000 after acquiring an additional 2,555 shares during the period. Finally, KBC Group NV boosted its position in OUTFRONT Media by 47.9% in the fourth quarter. KBC Group NV now owns 6,198 shares of the financial services provider's stock worth $110,000 after purchasing an additional 2,006 shares during the last quarter.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an "outperform" rating and set a $21.00 price target on shares of OUTFRONT Media in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, OUTFRONT Media presently has an average rating of "Hold" and a consensus price target of $19.37.

OUTFRONT Media Stock Performance

NYSE:OUT traded up $0.36 during mid-day trading on Thursday, hitting $15.01. 1,172,182 shares of the company traded hands, compared to its average volume of 1,709,169. The stock's fifty day moving average price is $16.29 and its 200-day moving average price is $17.91. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. OUTFRONT Media Inc. has a one year low of $12.95 and a one year high of $19.98. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 1.06 and a beta of 1.79.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.06. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The company had revenue of $493.20 million during the quarter, compared to the consensus estimate of $490.42 million. Research analysts anticipate that OUTFRONT Media Inc. will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.20 annualized dividend and a dividend yield of 7.99%. OUTFRONT Media's payout ratio is 81.63%.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.