Rhumbline Advisers raised its holdings in shares of City Office REIT, Inc. (NYSE:CIO – Free Report) 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 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.
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