Short Interest in City Office REIT, Inc. (NYSE:CIO) Declines By 10.0%

City Office REIT, Inc. (NYSE:CIO) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 275,400 shares, a decline of 10.0% from the October 15th total of 306,000 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 181,200 shares, the short-interest ratio is presently 1.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CIO. Blue Trust Inc. lifted its position in City Office REIT by 2,225.6% in the 2nd quarter. Blue Trust Inc. now owns 5,279 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 5,052 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of City Office REIT in the second quarter valued at approximately $35,000. Sei Investments Co. purchased a new position in shares of City Office REIT during the second quarter valued at approximately $72,000. Mackenzie Financial Corp bought a new stake in City Office REIT during the second quarter worth $83,000. Finally, SG Americas Securities LLC purchased a new stake in City Office REIT in the 3rd quarter valued at $95,000. Institutional investors and hedge funds own 67.47% of the company’s stock.

City Office REIT Stock Up 1.7 %

NYSE:CIO traded up $0.08 during trading hours on Tuesday, reaching $4.91. The company had a trading volume of 195,331 shares, compared to its average volume of 210,925. City Office REIT has a twelve month low of $4.02 and a twelve month high of $6.70. 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 market cap of $197.14 million, a price-to-earnings ratio of -11.59, a P/E/G ratio of 0.70 and a beta of 1.97. The business’s 50-day simple moving average is $5.65 and its two-hundred day simple moving average is $5.39.

City Office REIT (NYSE:CIO) last issued its earnings results on Thursday, October 31st. The real estate investment trust reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.36). The firm had revenue of $42.37 million during the quarter, compared to the consensus estimate of $42.02 million. City Office REIT had a negative net margin of 5.56% and a negative return on equity of 1.48%. During the same period in the previous year, the firm earned $0.34 earnings per share. On average, equities analysts expect that City Office REIT will post 1.16 earnings per share for the current year.

City Office REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.15%. The ex-dividend date was Thursday, October 10th. City Office REIT’s dividend payout ratio is currently -95.24%.

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.