Uniplan Investment Counsel Inc. Buys Shares of 222,713 OUTFRONT Media Inc. (NYSE:OUT)

Uniplan Investment Counsel Inc. purchased a new position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 222,713 shares of the financial services provider's stock, valued at approximately $3,951,000. Uniplan Investment Counsel Inc. owned approximately 0.14% of OUTFRONT Media as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. FMR LLC grew its position in OUTFRONT Media by 132.5% during the 4th quarter. FMR LLC now owns 15,604,202 shares of the financial services provider's stock worth $276,819,000 after acquiring an additional 8,892,411 shares during the last quarter. Cohen & Steers Inc. boosted its stake in shares of OUTFRONT Media by 87.8% during the fourth quarter. Cohen & Steers Inc. now owns 5,243,211 shares of the financial services provider's stock valued at $93,015,000 after purchasing an additional 2,450,632 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of OUTFRONT Media by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 4,115,268 shares of the financial services provider's stock worth $73,005,000 after purchasing an additional 342,413 shares during the last quarter. Lasalle Investment Management Securities LLC increased its stake in shares of OUTFRONT Media by 2.1% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,146,553 shares of the financial services provider's stock valued at $55,820,000 after buying an additional 64,072 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in OUTFRONT Media by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,054,331 shares of the financial services provider's stock valued at $54,184,000 after buying an additional 15,455 shares during the last quarter.

OUTFRONT Media Stock Down 0.9 %

NYSE:OUT opened at $14.32 on Tuesday. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. OUTFRONT Media Inc. has a one year low of $12.95 and a one year high of $19.98. The firm's 50 day simple moving average is $16.47 and its 200 day simple moving average is $17.96. The company has a market cap of $2.39 billion, a PE ratio of 10.21, a P/E/G ratio of 1.06 and a beta of 1.79.

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

OUTFRONT Media Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.20 annualized dividend and a dividend yield of 8.38%. 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.

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