Lasalle Investment Management Securities LLC Raises Holdings in OUTFRONT Media Inc. (NYSE:OUT)

Lasalle Investment Management Securities LLC lifted its position in OUTFRONT Media Inc. (NYSE:OUT) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,146,553 shares of the financial services provider’s stock after purchasing an additional 64,072 shares during the quarter. OUTFRONT Media makes up 2.4% of Lasalle Investment Management Securities LLC’s investment portfolio, making the stock its 19th biggest holding. Lasalle Investment Management Securities LLC’s holdings in OUTFRONT Media were worth $55,820,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P acquired a new stake in shares of OUTFRONT Media in the fourth quarter valued at approximately $47,000. Sterling Capital Management LLC raised its position in OUTFRONT Media by 672.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,897 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 2,522 shares during the last quarter. GAMMA Investing LLC boosted its stake in OUTFRONT Media by 19.3% during the 4th quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 613 shares during the period. Smartleaf Asset Management LLC grew its position in OUTFRONT Media by 155.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,198 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 2,555 shares during the last quarter. Finally, KBC Group NV increased its stake 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 valued at $110,000 after purchasing an additional 2,006 shares during the period.

OUTFRONT Media Price Performance

Shares of OUT opened at $14.47 on Friday. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. OUTFRONT Media Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $19.98. The firm has a 50-day simple moving average of $16.55 and a 200-day simple moving average of $17.99. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 1.06 and a beta of 1.79.

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

OUTFRONT Media Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a $0.30 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.20 annualized dividend and a yield of 8.29%. OUTFRONT Media’s dividend payout ratio is currently 81.63%.

OUTFRONT Media 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.