JPMorgan Chase & Co. Has $2.21 Million Position in City Office REIT, Inc. (NYSE:CIO)

JPMorgan Chase & Co. increased its stake in City Office REIT, Inc. (NYSE:CIO) by 9.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 399,820 shares of the real estate investment trust’s stock after acquiring an additional 35,727 shares during the quarter. JPMorgan Chase & Co. owned 1.00% of City Office REIT worth $2,207,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CIO. Prudential Financial Inc. grew its stake in City Office REIT by 6.2% in the 4th quarter. Prudential Financial Inc. now owns 85,425 shares of the real estate investment trust’s stock valued at $472,000 after purchasing an additional 5,000 shares during the period. Victory Capital Management Inc. increased its holdings in City Office REIT by 4.9% during the 4th quarter. Victory Capital Management Inc. now owns 174,179 shares of the real estate investment trust’s stock worth $961,000 after acquiring an additional 8,179 shares during the period. Geode Capital Management LLC boosted its stake in City Office REIT by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,026,928 shares of the real estate investment trust’s stock valued at $5,998,000 after buying an additional 11,178 shares during the period. Jane Street Group LLC grew its holdings in shares of City Office REIT by 40.0% during the third quarter. Jane Street Group LLC now owns 54,987 shares of the real estate investment trust’s stock worth $321,000 after purchasing an additional 15,704 shares in the last quarter. Finally, EMC Capital Management increased its holdings in shares of City Office REIT by 688.0% in the 4th quarter. EMC Capital Management now owns 21,206 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 18,515 shares during the last quarter. Institutional investors and hedge funds own 67.47% of the company’s stock.

City Office REIT Stock Down 1.7 %

CIO opened at $4.91 on Thursday. The company has a market cap of $197.96 million, a P/E ratio of -7.91, a P/E/G ratio of 0.86 and a beta of 1.84. City Office REIT, Inc. has a 12 month low of $4.19 and a 12 month high of $6.50. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 1.02. The business’s 50-day moving average price is $4.96 and its 200-day moving average price is $5.24.

City Office REIT (NYSE:CIO) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.40. The company had revenue of $41.92 million for the quarter, compared to analysts’ expectations of $42.79 million. City Office REIT had a negative return on equity of 2.74% and a negative net margin of 10.33%. On average, equities analysts expect that City Office REIT, Inc. will post 1 EPS for the current year.

City Office REIT Announces Dividend

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. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.15%. City Office REIT’s payout ratio is currently -64.52%.

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.