KeyCorp assumed coverage on shares of City Office REIT (NYSE:CIO – Free Report) in a report published on Monday morning, FlyOnTheWall reports. The firm issued a sector weight rating on the real estate investment trust’s stock.
A number of other analysts also recently weighed in on CIO. StockNews.com started coverage on City Office REIT in a research note on Thursday, August 17th. They issued a sell rating on the stock. Royal Bank of Canada decreased their target price on City Office REIT from $10.00 to $7.00 in a research report on Tuesday, May 30th.
City Office REIT Stock Down 1.8 %
Institutional Trading of City Office REIT
Institutional investors have recently bought and sold shares of the company. State of Wyoming purchased a new stake in City Office REIT during the fourth quarter worth $26,000. Point72 Middle East FZE acquired a new position in shares of City Office REIT in the fourth quarter worth $28,000. Lazard Asset Management LLC acquired a new position in shares of City Office REIT in the first quarter worth $39,000. Tower Research Capital LLC TRC raised its holdings in shares of City Office REIT by 736.0% in the third quarter. Tower Research Capital LLC TRC now owns 4,247 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 3,739 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of City Office REIT by 2,533.6% in the first quarter. Quarry LP now owns 6,821 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 6,562 shares during the last quarter. 70.55% of the stock is currently owned by hedge funds and other institutional investors.
About City Office REIT
City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating high-quality office properties located predominantly in Sun Belt markets. City Office currently owns or has a controlling interest in 6.0 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S.
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