Rhumbline Advisers Has $343,000 Holdings in City Office REIT, Inc. (NYSE:CIO)

Rhumbline Advisers raised its holdings in shares of City Office REIT, Inc. (NYSE:CIO) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,975 shares of the real estate investment trust’s stock after buying an additional 3,299 shares during the quarter. Rhumbline Advisers owned about 0.17% of City Office REIT worth $343,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CIO. Franklin Resources Inc. boosted its stake in City Office REIT by 23.5% in the fourth quarter. Franklin Resources Inc. now owns 315,973 shares of the real estate investment trust’s stock worth $1,931,000 after purchasing an additional 60,197 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of City Office REIT by 44.3% in the first quarter. Acadian Asset Management LLC now owns 171,952 shares of the real estate investment trust’s stock worth $894,000 after acquiring an additional 52,787 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of City Office REIT during the first quarter worth about $159,000. Jacobs Levy Equity Management Inc. bought a new position in City Office REIT in the first quarter valued at approximately $153,000. Finally, Vanguard Group Inc. grew its stake in City Office REIT by 0.8% in the first quarter. Vanguard Group Inc. now owns 3,935,501 shares of the real estate investment trust’s stock valued at $20,504,000 after purchasing an additional 29,345 shares in the last quarter. 67.47% of the stock is currently owned by institutional investors.

City Office REIT Stock Performance

CIO opened at $5.89 on Friday. City Office REIT, Inc. has a 12-month low of $3.45 and a 12-month high of $6.70. The stock has a market cap of $236.51 million, a price-to-earnings ratio of -21.04, a PEG ratio of 0.96 and a beta of 1.96. The business has a 50 day moving average of $5.78 and a 200-day moving average of $5.17. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 1.00.

City Office REIT (NYSE:CIO) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.41). The business had revenue of $42.34 million during the quarter, compared to analyst estimates of $43.27 million. City Office REIT had a negative net margin of 4.02% and a negative return on equity of 1.07%. During the same period in the previous year, the business earned $0.35 earnings per share. On average, equities research analysts expect that City Office REIT, Inc. will post 1.04 earnings per share for the current year.

City Office REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a $0.10 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.40 annualized dividend and a yield of 6.79%. City Office REIT’s dividend payout ratio is presently -142.86%.

About City Office REIT

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.