Bank of New York Mellon Corp Has $831,000 Stock Holdings in City Office REIT, Inc. (NYSE:CIO)

Bank of New York Mellon Corp boosted its position in shares of City Office REIT, Inc. (NYSE:CIO) by 12.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 166,927 shares of the real estate investment trust’s stock after purchasing an additional 18,201 shares during the quarter. Bank of New York Mellon Corp owned 0.42% of City Office REIT worth $831,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CIO. Jump Financial LLC acquired a new position in shares of City Office REIT in the 4th quarter valued at $119,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of City Office REIT in the fourth quarter worth about $97,000. Franklin Resources Inc. raised its position in shares of City Office REIT by 23.5% during 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 during the period. BNP Paribas Financial Markets lifted its holdings in shares of City Office REIT by 69.9% during the 1st quarter. BNP Paribas Financial Markets now owns 41,000 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 16,874 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in shares of City Office REIT in the 1st quarter valued at approximately $63,000. Institutional investors own 67.47% of the company’s stock.

City Office REIT Stock Performance

Shares of CIO stock opened at $6.00 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.80 and a current ratio of 2.80. City Office REIT, Inc. has a 52 week low of $3.45 and a 52 week high of $6.70. The company’s 50 day moving average price is $5.75 and its two-hundred day moving average price is $5.13. The company has a market capitalization of $240.92 million, a P/E ratio of -21.43, a price-to-earnings-growth ratio of 0.94 and a beta of 1.96.

City Office REIT (NYSE:CIO) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.27 by ($0.41). The company had revenue of $42.34 million during the quarter, compared to the consensus estimate 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 prior year, the firm posted $0.35 earnings per share. On average, analysts expect that City Office REIT, Inc. will post 1.04 earnings per share for the current fiscal year.

City Office REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, October 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.67%. City Office REIT’s payout ratio is presently -142.86%.

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.