City Office REIT, Inc. (NYSE:CIO) Stock Position Reduced by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in City Office REIT, Inc. (NYSE:CIO) by 19.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,899 shares of the real estate investment trust’s stock after selling 2,213 shares during the quarter. Nisa Investment Advisors LLC’s holdings in City Office REIT were worth $46,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Quarry LP acquired a new position in City Office REIT in the fourth quarter worth $43,000. Ethic Inc. bought a new position in shares of City Office REIT in the 4th quarter worth about $56,000. ProShare Advisors LLC acquired a new position in shares of City Office REIT in the 4th quarter valued at about $61,000. Summit Global Investments acquired a new position in shares of City Office REIT in the 1st quarter valued at about $57,000. Finally, GAMMA Investing LLC grew its position in shares of City Office REIT by 270.7% during the 1st quarter. GAMMA Investing LLC now owns 11,293 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 8,247 shares during the last quarter. 67.47% of the stock is currently owned by institutional investors.

City Office REIT Stock Performance

Shares of NYSE CIO opened at $5.40 on Friday. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 1.05. The firm’s 50-day moving average price is $5.26 and its two-hundred day moving average price is $5.12. City Office REIT, Inc. has a 52-week low of $4.19 and a 52-week high of $6.50. The stock has a market capitalization of $217.94 million, a P/E ratio of -8.31, a P/E/G ratio of 0.90 and a beta of 1.65.

City Office REIT (NYSE:CIO) last released its quarterly earnings data on Friday, May 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. City Office REIT had a negative return on equity of 2.98% and a negative net margin of 11.11%. The business had revenue of $42.26 million during the quarter, compared to analyst estimates of $42.38 million. As a group, sell-side 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 will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a $0.10 dividend. The ex-dividend date is Thursday, July 10th. This represents a $0.40 annualized dividend and a yield of 7.41%. City Office REIT’s dividend payout ratio is presently -61.54%.

City Office REIT Company 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.