Price T Rowe Associates Inc. MD Buys 2,806 Shares of City Office REIT, Inc. (NYSE:CIO)

Price T Rowe Associates Inc. MD boosted its holdings in City Office REIT, Inc. (NYSE:CIO) by 21.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,975 shares of the real estate investment trust’s stock after acquiring an additional 2,806 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in City Office REIT were worth $89,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CIO. Russell Investments Group Ltd. increased its stake in shares of City Office REIT by 146.9% during the 4th quarter. Russell Investments Group Ltd. now owns 12,048 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 7,168 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new position in shares of City Office REIT during the fourth quarter valued at about $89,000. Hsbc Holdings PLC boosted its stake in City Office REIT by 68.6% during the fourth quarter. Hsbc Holdings PLC now owns 17,054 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 6,937 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of City Office REIT in the fourth quarter worth approximately $104,000. Finally, Intech Investment Management LLC bought a new position in shares of City Office REIT in the fourth quarter worth approximately $105,000. Hedge funds and other institutional investors own 67.47% of the company’s stock.

City Office REIT Stock Down 0.2%

CIO opened at $4.95 on Monday. City Office REIT, Inc. has a twelve month low of $4.19 and a twelve month high of $6.50. The stock has a market capitalization of $199.77 million, a price-to-earnings ratio of -7.98, a PEG ratio of 0.86 and a beta of 1.65. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.02. The firm has a 50 day moving average price of $4.93 and a 200-day moving average price of $5.16.

City Office REIT (NYSE:CIO) last announced its quarterly earnings data on Friday, May 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The firm had revenue of $42.26 million during the quarter, compared to analysts’ expectations of $42.38 million. City Office REIT had a negative net margin of 10.33% and a negative return on equity of 2.74%. Equities research analysts forecast that City Office REIT, Inc. will post 1 earnings per share for the current year.

City Office REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.08%. City Office REIT’s dividend payout ratio (DPR) is presently -61.54%.

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.