ProShare Advisors LLC Makes New Investment in City Office REIT, Inc. (NYSE:CIO)

ProShare Advisors LLC bought a new position in City Office REIT, Inc. (NYSE:CIO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,978 shares of the real estate investment trust’s stock, valued at approximately $61,000.

A number of other institutional investors have also added to or reduced their stakes in CIO. Millennium Management LLC bought a new position in shares of City Office REIT during the 4th quarter valued at about $1,283,000. Jane Street Group LLC increased its position in shares of City Office REIT by 284.6% during the 4th quarter. Jane Street Group LLC now owns 211,484 shares of the real estate investment trust’s stock valued at $1,167,000 after purchasing an additional 156,497 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of City Office REIT during the 4th quarter valued at about $560,000. Man Group plc bought a new position in shares of City Office REIT during the 4th quarter valued at about $425,000. Finally, D. E. Shaw & Co. Inc. increased its position in shares of City Office REIT by 21.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 421,626 shares of the real estate investment trust’s stock valued at $2,327,000 after purchasing an additional 73,722 shares during the last quarter. 67.47% of the stock is currently owned by institutional investors.

City Office REIT Price Performance

Shares of City Office REIT stock opened at $4.95 on Wednesday. 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 firm has a market capitalization of $199.77 million, a PE ratio of -7.98, a price-to-earnings-growth ratio of 0.86 and a beta of 1.65. The business’s 50-day moving average price is $4.87 and its 200-day moving average price is $5.13. City Office REIT, Inc. has a 12 month low of $4.19 and a 12 month high of $6.50.

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

City Office REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $0.40 annualized dividend and a yield of 8.08%. City Office REIT’s payout ratio is -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.