City Office REIT, Inc. (NYSE:CIO) Stock Position Increased by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in shares of City Office REIT, Inc. (NYSE:CIO) by 15.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,689 shares of the real estate investment trust’s stock after buying an additional 2,821 shares during the period. SG Americas Securities LLC’s holdings in City Office REIT were worth $133,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in City Office REIT by 1.0% in the third quarter. Vanguard Group Inc. now owns 3,913,640 shares of the real estate investment trust’s stock worth $16,633,000 after buying an additional 40,432 shares during the last quarter. BlackRock Inc. grew its holdings in shares of City Office REIT by 1.3% in the 2nd quarter. BlackRock Inc. now owns 3,267,053 shares of the real estate investment trust’s stock worth $18,197,000 after acquiring an additional 42,369 shares during the last quarter. Newtyn Management LLC raised its position in shares of City Office REIT by 3.9% during the third quarter. Newtyn Management LLC now owns 3,180,000 shares of the real estate investment trust’s stock worth $13,515,000 after purchasing an additional 120,279 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of City Office REIT by 0.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,191,577 shares of the real estate investment trust’s stock valued at $38,703,000 after purchasing an additional 5,916 shares during the last quarter. Finally, Nomura Holdings Inc. boosted its position in shares of City Office REIT by 2.8% in the 3rd quarter. Nomura Holdings Inc. now owns 1,695,635 shares of the real estate investment trust’s stock valued at $7,206,000 after purchasing an additional 46,800 shares during the period. 67.47% of the stock is owned by institutional investors and hedge funds.

City Office REIT Stock Up 0.2 %

Shares of NYSE:CIO opened at $4.38 on Thursday. The firm has a 50 day simple moving average of $4.60 and a 200 day simple moving average of $4.86. City Office REIT, Inc. has a 52 week low of $3.45 and a 52 week high of $6.70. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.33 and a current ratio of 3.33. The company has a market cap of $175.86 million, a PE ratio of -17.52, a price-to-earnings-growth ratio of 0.68 and a beta of 1.84.

City Office REIT (NYSE:CIO) last released its earnings results on Thursday, February 22nd. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). The business had revenue of $44.32 million during the quarter, compared to analysts’ expectations of $44.47 million. City Office REIT had a negative net margin of 1.50% and a negative return on equity of 0.40%. During the same quarter in the previous year, the company earned $0.38 EPS. As a group, research analysts expect that City Office REIT, Inc. will post 1.09 earnings per share for the current year.

City Office REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $0.40 dividend on an annualized basis and a yield of 9.13%. City Office REIT’s payout ratio is presently -160.00%.

Insider Buying and Selling at City Office REIT

In related news, Director Michael Mazan purchased 39,000 shares of City Office REIT stock in a transaction dated Tuesday, March 19th. The stock was acquired at an average cost of $4.22 per share, with a total value of $164,580.00. Following the completion of the transaction, the director now directly owns 39,000 shares of the company’s stock, valued at $164,580. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded City Office REIT from a “sell” rating to a “hold” rating in a report on Thursday, April 11th.

City Office REIT Profile

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 5.7 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S.