City Office REIT, Inc. (NYSE:CIO – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 294,600 shares, a decline of 7.0% from the August 31st total of 316,800 shares. Based on an average trading volume of 168,900 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.8% of the shares of the stock are short sold.
City Office REIT Price Performance
NYSE:CIO traded down $0.01 during trading hours on Tuesday, reaching $5.83. The stock had a trading volume of 129,964 shares, compared to its average volume of 205,665. 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 has a 52 week low of $3.45 and a 52 week high of $6.70. The company has a 50 day moving average price of $5.79 and a two-hundred day moving average price of $5.20. The stock has a market capitalization of $234.10 million, a PE ratio of -20.89, a PEG ratio of 0.96 and a beta of 1.96.
City Office REIT (NYSE:CIO – Get Free Report) 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). City Office REIT had a negative return on equity of 1.07% and a negative net margin of 4.02%. The firm had revenue of $42.34 million during the quarter, compared to the consensus estimate of $43.27 million. During the same period in the previous year, the firm earned $0.35 EPS. As a group, sell-side analysts anticipate that City Office REIT will post 1.04 earnings per share for the current fiscal year.
City Office REIT Announces Dividend
Hedge Funds Weigh In On City Office REIT
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp purchased a new position in shares of City Office REIT in the 2nd quarter worth approximately $83,000. Sei Investments Co. purchased a new position in City Office REIT during the 2nd quarter valued at $72,000. Vanguard Personalized Indexing Management LLC boosted its holdings in City Office REIT by 21.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,451 shares of the real estate investment trust’s stock valued at $97,000 after acquiring an additional 3,391 shares during the period. Renaissance Technologies LLC boosted its holdings in City Office REIT by 1.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,268,416 shares of the real estate investment trust’s stock valued at $6,317,000 after acquiring an additional 21,600 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in City Office REIT during the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 67.47% of the company’s stock.
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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