Sei Investments Co. Takes Position in City Office REIT, Inc. (NYSE:CIO)

Sei Investments Co. bought a new position in shares of City Office REIT, Inc. (NYSE:CIO) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 14,476 shares of the real estate investment trust’s stock, valued at approximately $72,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. EMC Capital Management boosted its stake in City Office REIT by 10.3% during the 1st quarter. EMC Capital Management now owns 21,206 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 1,972 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in City Office REIT by 3.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,764 shares of the real estate investment trust’s stock worth $343,000 after purchasing an additional 2,454 shares during the period. Rhumbline Advisers increased its stake in City Office REIT by 5.0% during the second quarter. Rhumbline Advisers now owns 68,975 shares of the real estate investment trust’s stock worth $343,000 after purchasing an additional 3,299 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in City Office REIT by 21.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,451 shares of the real estate investment trust’s stock worth $97,000 after purchasing an additional 3,391 shares during the period. Finally, Blue Trust Inc. increased its stake in City Office REIT by 2,225.6% during the second quarter. Blue Trust Inc. now owns 5,279 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 5,052 shares during the period. Institutional investors and hedge funds own 67.47% of the company’s stock.

City Office REIT Stock Down 1.2 %

Shares of NYSE:CIO opened at $5.57 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.80 and a quick ratio of 2.80. The firm has a market capitalization of $223.64 million, a PE ratio of -15.47, a price-to-earnings-growth ratio of 0.92 and a beta of 1.95. The firm’s 50-day moving average is $5.76 and its two-hundred day moving average is $5.26. City Office REIT, Inc. has a 1 year low of $3.45 and a 1 year high of $6.70.

City Office REIT (NYSE:CIO) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.41). The firm 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 company posted $0.35 earnings per share. Analysts predict that City Office REIT, Inc. will post 1.04 EPS for the current year.

City Office REIT Dividend Announcement

The company also recently announced 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. This represents a $0.40 annualized dividend and a yield of 7.18%. The ex-dividend date is Thursday, October 10th. City Office REIT’s dividend payout ratio (DPR) is -111.11%.

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.