Sumitomo Mitsui Trust Group Inc. Decreases Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Sumitomo Mitsui Trust Group Inc. trimmed its stake in OUTFRONT Media Inc. (NYSE:OUT - Free Report) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,059,093 shares of the financial services provider's stock after selling 78,455 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 1.24% of OUTFRONT Media worth $37,846,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of OUT. Land & Buildings Investment Management LLC acquired a new stake in OUTFRONT Media in the second quarter worth $22,724,000. Lasalle Investment Management Securities LLC grew its holdings in OUTFRONT Media by 17.3% in the first quarter. Lasalle Investment Management Securities LLC now owns 2,842,935 shares of the financial services provider's stock worth $47,733,000 after purchasing an additional 419,706 shares during the period. DigitalBridge Group Inc. grew its holdings in OUTFRONT Media by 11.7% in the second quarter. DigitalBridge Group Inc. now owns 3,126,062 shares of the financial services provider's stock worth $44,703,000 after purchasing an additional 327,125 shares during the period. First Eagle Investment Management LLC grew its holdings in OUTFRONT Media by 48.5% in the second quarter. First Eagle Investment Management LLC now owns 711,491 shares of the financial services provider's stock worth $10,174,000 after purchasing an additional 232,300 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in OUTFRONT Media by 10.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,137,548 shares of the financial services provider's stock worth $30,567,000 after purchasing an additional 210,208 shares during the period.

OUTFRONT Media Stock Down 2.6 %

Shares of OUT traded down $0.48 during trading hours on Friday, reaching $17.90. 1,590,375 shares of the stock traded hands, compared to its average volume of 2,008,691. The company has a current ratio of 0.65, a quick ratio of 0.67 and a debt-to-equity ratio of 4.00. The stock has a fifty day simple moving average of $18.12 and a 200 day simple moving average of $16.14. OUTFRONT Media Inc. has a 52 week low of $11.98 and a 52 week high of $19.33. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 1.17 and a beta of 1.94.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.20). OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The firm had revenue of $451.90 million for the quarter, compared to the consensus estimate of $456.38 million. During the same period in the previous year, the business earned $0.46 earnings per share. The firm's revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts forecast that OUTFRONT Media Inc. will post 1.53 EPS for the current year.

OUTFRONT Media Cuts Dividend

The company also recently declared a special dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 15th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media's payout ratio is currently 87.59%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OUT. StockNews.com lowered shares of OUTFRONT Media from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. JPMorgan Chase & Co. raised their price objective on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Wednesday, July 31st. Wells Fargo & Company began coverage on shares of OUTFRONT Media in a research note on Thursday, September 19th. They issued an "overweight" rating and a $22.00 price objective on the stock. Wolfe Research lowered shares of OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a research note on Thursday, October 24th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $19.25.

OUTFRONT Media 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.