Prudential Financial Inc. Has $472,000 Stock Holdings in City Office REIT, Inc. (NYSE:CIO)

Prudential Financial Inc. increased its position in shares of City Office REIT, Inc. (NYSE:CIO) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,425 shares of the real estate investment trust’s stock after acquiring an additional 5,000 shares during the period. Prudential Financial Inc. owned about 0.21% of City Office REIT worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CIO. Proficio Capital Partners LLC bought a new position in shares of City Office REIT during the 4th quarter valued at $104,000. Intech Investment Management LLC bought a new position in City Office REIT during the fourth quarter valued at about $105,000. Catalyst Funds Management Pty Ltd acquired a new stake in shares of City Office REIT in the fourth quarter worth about $108,000. EMC Capital Management boosted its stake in shares of City Office REIT by 688.0% during the 4th quarter. EMC Capital Management now owns 21,206 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 18,515 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of City Office REIT by 44.0% during the 3rd quarter. Quantinno Capital Management LP now owns 38,722 shares of the real estate investment trust’s stock worth $226,000 after acquiring an additional 11,825 shares in the last quarter. Institutional investors and hedge funds own 67.47% of the company’s stock.

City Office REIT Stock Performance

Shares of CIO opened at $4.60 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.42 and a quick ratio of 2.42. City Office REIT, Inc. has a one year low of $4.29 and a one year high of $6.50. The company’s fifty day moving average price is $5.04 and its 200 day moving average price is $5.31. The company has a market capitalization of $185.65 million, a PE ratio of -7.42, a price-to-earnings-growth ratio of 0.86 and a beta of 1.84.

City Office REIT (NYSE:CIO) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.40. The business had revenue of $41.92 million during the quarter, compared to analyst estimates of $42.79 million. City Office REIT had a negative net margin of 10.33% and a negative return on equity of 2.74%. As a group, analysts expect that City Office REIT, Inc. will post 1 earnings per share for the current year.

City Office REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 8.70%. The ex-dividend date is Thursday, April 10th. City Office REIT’s dividend payout ratio is -64.52%.

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