GraniteShares Advisors, they sold their shares of Outfront Media. 171,052 of them. About $3.13 million worth. So it goes.
What Happened
They unloaded it all, you see. Gone. Zero shares held by quarter’s end. A clean break. $3.13 million moved around like so much dust in the wind. It’s all just numbers, really. Numbers dancing for a little while, then fading.
What Else to Know
Here’s what GraniteShares still likes, apparently. Bigger fish, mostly.
- NASDAQ:MSFT: $5.59 million (3.4% of AUM)
- NASDAQ:GOOGL: $4.25 million (2.6% of AUM)
- NASDAQ:META: $3.80 million (2.3% of AUM)
- NYSE:LLY: $3.08 million (1.9% of AUM)
- NYSE:UAN: $2.88 million (1.7% of AUM)
Outfront, as of January 20th, was at $24.61 a share. Up 40% in a year. A good run. The S&P 500? Barely a blip at 14%. It’s funny, isn’t it? How some things just… rise. For a while.
Company Overview
| Metric | Value |
|---|---|
| Revenue (TTM) | $1.81 billion |
| Net income (TTM) | $124.20 million |
| Dividend yield | 4.8% |
| Price (as of January 20) | $24.61 |
Company Snapshot
- Outfront Media puts up billboards, mostly. And ads on buses and trains. A lot of visual noise, if you think about it.
- They’re a REIT, which means they lease space. Simple enough.
- They target people in cities. Commuters. People going places. Or not.
Outfront, they’re in the advertising business. A business built on convincing people they need things. It’s a strange occupation, when you consider everything. A necessary one, perhaps. But strange.
What This Transaction Means for Investors
GraniteShares selling Outfront frees up capital. Makes sense. They’d rather have it in Microsoft, Google, Meta. Bigger, faster-growing things. Outfront became a bit of a side show. A distraction.
The third quarter wasn’t bad, actually. Revenue up 3.5%. Adjusted OIBDA up 17%. Transit advertising doing well, especially in New York. “Exceptional performance,” they called it. Though what constitutes “exceptional” is always open to interpretation.
The 40% rise already priced in, most likely. A fund that wants liquidity and scale? They’ll take the bigger, safer bets. It’s not a judgment on Outfront, really. Just a shift in priorities. So it goes.
This doesn’t mean Outfront is going to collapse. It just means they’re no longer the shiny new object. Focus on whether that transit growth continues. Whether the cash flow holds up. Those are the things that matter. In the long run, anyway. Everything else is just… noise.
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2026-01-23 18:02