Intech Investment Management LLC Purchases New Stake in City Office REIT, Inc. (NYSE:CIO)

Intech Investment Management LLC acquired a new position in shares of City Office REIT, Inc. (NYSE:CIO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,039 shares of the real estate investment trust’s stock, valued at approximately $105,000.

Several other large investors also recently added to or reduced their stakes in CIO. Proficio Capital Partners LLC purchased a new position in shares of City Office REIT during the 4th quarter worth $104,000. Catalyst Funds Management Pty Ltd purchased a new position in City Office REIT during the fourth quarter worth about $108,000. EMC Capital Management raised its stake in City Office REIT by 688.0% during the fourth quarter. EMC Capital Management now owns 21,206 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 18,515 shares during the period. Quantinno Capital Management LP boosted its holdings in City Office REIT by 44.0% in the 3rd quarter. Quantinno Capital Management LP now owns 38,722 shares of the real estate investment trust’s stock valued at $226,000 after purchasing an additional 11,825 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of City Office REIT by 40.0% in the 3rd quarter. Jane Street Group LLC now owns 54,987 shares of the real estate investment trust’s stock valued at $321,000 after buying an additional 15,704 shares during the period. 67.47% of the stock is currently owned by hedge funds and other institutional investors.

City Office REIT Stock Up 0.2 %

CIO stock opened at $5.18 on Friday. City Office REIT, Inc. has a one year low of $4.29 and a one year high of $6.50. The firm has a market cap of $209.05 million, a PE ratio of -8.35, a PEG ratio of 0.86 and a beta of 2.00. The firm’s 50 day moving average price is $5.10 and its 200-day moving average price is $5.40. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.42 and a current ratio of 2.42.

City Office REIT (NYSE:CIO) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.40. The company had revenue of $41.92 million for the quarter, compared to the consensus estimate 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 research analysts anticipate that City Office REIT, Inc. will post 1 EPS for the current year.

City Office REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.72%. The ex-dividend date of this dividend is Thursday, April 10th. City Office REIT’s dividend payout ratio (DPR) is -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.