Honeywell International Inc. Raises Position in OUTFRONT Media Inc. (OUT)

Honeywell International Inc. increased its position in OUTFRONT Media Inc. (NYSE:OUT) by 27.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,689 shares of the financial services provider’s stock after buying an additional 10,359 shares during the quarter. Honeywell International Inc.’s holdings in OUTFRONT Media were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of OUTFRONT Media by 10.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,106 shares of the financial services provider’s stock worth $118,000 after buying an additional 478 shares during the period. Pacad Investment Ltd. raised its position in shares of OUTFRONT Media by 54.3% in the 2nd quarter. Pacad Investment Ltd. now owns 5,400 shares of the financial services provider’s stock worth $125,000 after buying an additional 1,900 shares during the period. Smithfield Trust Co. raised its position in shares of OUTFRONT Media by 435.6% in the 2nd quarter. Smithfield Trust Co. now owns 5,742 shares of the financial services provider’s stock worth $133,000 after buying an additional 4,670 shares during the period. SG Americas Securities LLC purchased a new position in shares of OUTFRONT Media in the 1st quarter worth $204,000. Finally, Jane Street Group LLC purchased a new position in shares of OUTFRONT Media in the 1st quarter worth $210,000.

Several research analysts recently weighed in on OUT shares. Zacks Investment Research raised OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Monday, July 10th. Barrington Research reaffirmed an “outperform” rating and issued a $26.00 target price (down from $29.00) on shares of OUTFRONT Media in a research report on Monday, August 14th. ValuEngine raised OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $30.00 target price on shares of OUTFRONT Media in a research report on Tuesday, October 3rd. Finally, Loop Capital reaffirmed a “buy” rating and issued a $28.00 target price (up from $27.00) on shares of OUTFRONT Media in a research report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.17.

Shares of OUTFRONT Media Inc. (NYSE OUT) opened at 23.45 on Wednesday. The firm has a market capitalization of $3.25 billion, a P/E ratio of 31.31 and a beta of 1.19. OUTFRONT Media Inc. has a one year low of $20.82 and a one year high of $27.89. The company has a 50-day moving average price of $23.41 and a 200 day moving average price of $23.19.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 6.14%. The ex-dividend date is Thursday, December 7th. OUTFRONT Media’s payout ratio is presently 189.48%.

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About OUTFRONT Media

OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.

Institutional Ownership by Quarter for OUTFRONT Media (NYSE:OUT)

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