SG Americas Securities LLC Invests $95,000 in City Office REIT, Inc. (NYSE:CIO)

SG Americas Securities LLC bought a new stake in shares of City Office REIT, Inc. (NYSE:CIO) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 16,293 shares of the real estate investment trust’s stock, valued at approximately $95,000.

A number of other institutional investors have also recently added to or reduced their stakes in CIO. Acadian Asset Management LLC boosted its position in shares of City Office REIT by 42.9% in the second quarter. Acadian Asset Management LLC now owns 245,688 shares of the real estate investment trust’s stock worth $1,222,000 after buying an additional 73,736 shares during the period. Quadrature Capital Ltd acquired a new position in shares of City Office REIT during the first quarter worth $159,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of City Office REIT in the first quarter valued at $153,000. Vanguard Group Inc. boosted its position in City Office REIT by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 3,935,501 shares of the real estate investment trust’s stock valued at $20,504,000 after buying an additional 29,345 shares during the last quarter. Finally, Callan Capital LLC acquired a new stake in City Office REIT during the 1st quarter valued at approximately $138,000. 67.47% of the stock is owned by hedge funds and other institutional investors.

City Office REIT Stock Performance

Shares of City Office REIT stock opened at $5.54 on Monday. The firm has a market cap of $222.45 million, a PE ratio of -19.79, a price-to-earnings-growth ratio of 0.92 and a beta of 1.95. City Office REIT, Inc. has a 1 year low of $3.45 and a 1 year high of $6.70. The firm’s 50-day simple moving average is $5.83 and its 200-day simple moving average is $5.32. 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 (NYSE:CIO) last released 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 business had revenue of $42.34 million for the quarter, compared to analyst estimates of $43.27 million. City Office REIT had a negative return on equity of 1.07% and a negative net margin of 4.02%. During the same quarter last year, the company earned $0.35 EPS. Equities analysts forecast that City Office REIT, Inc. will post 1.04 earnings per share for the current fiscal year.

City Office REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 7.22%. The ex-dividend date of this dividend was Thursday, October 10th. City Office REIT’s payout ratio is currently -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.