Strs Ohio Has $8.16 Million Stake in OUTFRONT Media Inc. (NYSE:OUT)

Strs Ohio lowered its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 2.0% during the fourth quarter, HoldingsChannel reports. The firm owned 584,458 shares of the financial services provider’s stock after selling 11,800 shares during the quarter. Strs Ohio’s holdings in OUTFRONT Media were worth $8,159,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Louisiana State Employees Retirement System acquired a new stake in OUTFRONT Media during the 4th quarter worth approximately $1,015,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of OUTFRONT Media by 4.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,440 shares of the financial services provider’s stock worth $928,000 after acquiring an additional 2,682 shares in the last quarter. Allworth Financial LP raised its holdings in shares of OUTFRONT Media by 52.7% during the fourth quarter. Allworth Financial LP now owns 2,534 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 874 shares during the period. DAVENPORT & Co LLC bought a new stake in OUTFRONT Media in the 4th quarter valued at $9,774,000. Finally, Fifth Third Bancorp boosted its stake in OUTFRONT Media by 67.8% in the 4th quarter. Fifth Third Bancorp now owns 7,261 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 2,935 shares during the period.

OUTFRONT Media Trading Down 1.9 %

Shares of NYSE:OUT opened at $14.85 on Thursday. The company has a 50-day simple moving average of $15.18 and a 200 day simple moving average of $13.20. The company has a market capitalization of $2.46 billion, a P/E ratio of -5.56, a price-to-earnings-growth ratio of 0.99 and a beta of 1.87. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.67 and a current ratio of 0.67. OUTFRONT Media Inc. has a 52-week low of $8.18 and a 52-week high of $17.02.

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 1st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.08%. The ex-dividend date of this dividend was Thursday, February 29th. OUTFRONT Media’s payout ratio is presently -44.94%.

Analyst Ratings Changes

OUT has been the topic of a number of research reports. StockNews.com upgraded OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. TheStreet raised shares of OUTFRONT Media from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.50.

About OUTFRONT Media

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.