Jane Street Group LLC Has $321,000 Holdings in City Office REIT, Inc. (NYSE:CIO)

Jane Street Group LLC grew its stake in City Office REIT, Inc. (NYSE:CIO) by 40.0% in the third quarter, HoldingsChannel reports. The fund owned 54,987 shares of the real estate investment trust’s stock after acquiring an additional 15,704 shares during the period. Jane Street Group LLC’s holdings in City Office REIT were worth $321,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in City Office REIT in the second quarter valued at about $35,000. Sei Investments Co. acquired a new stake in shares of City Office REIT in the 2nd quarter valued at about $72,000. Mackenzie Financial Corp acquired a new position in City Office REIT during the 2nd quarter worth approximately $83,000. SG Americas Securities LLC bought a new stake in City Office REIT during the 3rd quarter worth about $95,000. Finally, Vanguard Personalized Indexing Management LLC grew its stake in City Office REIT by 21.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,451 shares of the real estate investment trust’s stock valued at $97,000 after purchasing an additional 3,391 shares in the last quarter. 67.47% of the stock is currently owned by institutional investors.

City Office REIT Stock Performance

Shares of CIO stock opened at $5.38 on Friday. The company has a fifty day moving average price of $5.41 and a two-hundred day moving average price of $5.54. The stock has a market cap of $216.03 million, a P/E ratio of -12.81, a P/E/G ratio of 0.91 and a beta of 1.98. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.42 and a quick ratio of 2.42. City Office REIT, Inc. has a one year low of $4.02 and a one year high of $6.50.

City Office REIT (NYSE:CIO) last announced its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.36). The business had revenue of $42.37 million for the quarter, compared to analyst estimates 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 prior year, the business earned $0.34 EPS. As a group, equities analysts predict that City Office REIT, Inc. will post 1.05 EPS for the current year.

City Office REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.40 annualized dividend and a dividend yield of 7.43%. City Office REIT’s payout ratio is -95.24%.

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.