State of New Jersey Common Pension Fund D Has $2.78 Million Stock Holdings in OUTFRONT Media Inc. (NYSE:OUT)

State of New Jersey Common Pension Fund D lessened its position in OUTFRONT Media Inc. (NYSE:OUT) by 4.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 199,244 shares of the financial services provider’s stock after selling 10,177 shares during the period. State of New Jersey Common Pension Fund D owned about 0.12% of OUTFRONT Media worth $2,781,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. New York State Common Retirement Fund boosted its stake in shares of OUTFRONT Media by 42.0% in the 4th quarter. New York State Common Retirement Fund now owns 166,995 shares of the financial services provider’s stock valued at $2,331,000 after purchasing an additional 49,372 shares in the last quarter. CWM LLC lifted its position in OUTFRONT Media by 163.6% during the 4th quarter. CWM LLC now owns 6,044 shares of the financial services provider’s stock worth $84,000 after buying an additional 3,751 shares in the last quarter. Signaturefd LLC lifted its position in OUTFRONT Media by 343.7% during the 4th quarter. Signaturefd LLC now owns 7,041 shares of the financial services provider’s stock worth $98,000 after buying an additional 5,454 shares in the last quarter. Greenleaf Trust acquired a new position in OUTFRONT Media during the 4th quarter worth about $159,000. Finally, Louisiana State Employees Retirement System acquired a new position in OUTFRONT Media during the 4th quarter worth about $1,015,000.

OUTFRONT Media Stock Performance

OUTFRONT Media stock opened at $16.00 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 4.39. OUTFRONT Media Inc. has a 1 year low of $8.18 and a 1 year high of $17.02. The company has a market cap of $2.65 billion, a PE ratio of -5.99, a PEG ratio of 1.03 and a beta of 1.87. The company’s 50-day moving average is $15.57 and its two-hundred day moving average is $13.60.

OUTFRONT Media Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 1st were given a dividend of $0.30 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.20 dividend on an annualized basis and a yield of 7.50%. OUTFRONT Media’s payout ratio is presently -44.94%.

Wall Street Analysts Forecast Growth

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

OUTFRONT Media Company 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.