City Office REIT, Inc. (NYSE:CIO) Sees Large Increase in Short Interest

City Office REIT, Inc. (NYSE:CIO) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 361,300 shares, an increase of 31.2% from the October 31st total of 275,400 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 250,300 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of City Office REIT

Institutional investors and hedge funds have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale grew its holdings in shares of City Office REIT by 13.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 19,497 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 2,323 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of City Office REIT by 3.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,764 shares of the real estate investment trust’s stock worth $343,000 after acquiring an additional 2,454 shares during the period. Rhumbline Advisers raised its stake in shares of City Office REIT by 5.0% during the second quarter. Rhumbline Advisers now owns 68,975 shares of the real estate investment trust’s stock valued at $343,000 after acquiring an additional 3,299 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of City Office REIT by 21.1% during 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 acquiring an additional 3,391 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of City Office REIT by 2,225.6% in the second quarter. Blue Trust Inc. now owns 5,279 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 5,052 shares during the period. 67.47% of the stock is currently owned by institutional investors.

City Office REIT Trading Up 1.4 %

CIO traded up $0.08 during trading on Friday, reaching $5.80. The company had a trading volume of 126,241 shares, compared to its average volume of 225,007. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.02. City Office REIT has a 52 week low of $4.02 and a 52 week high of $6.70. The stock has a market cap of $232.89 million, a P/E ratio of -13.81, a PEG ratio of 0.90 and a beta of 1.97. The business has a 50 day simple moving average of $5.50 and a 200-day simple moving average of $5.42.

City Office REIT (NYSE:CIO) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.25 by ($0.36). City Office REIT had a negative net margin of 5.56% and a negative return on equity of 1.48%. The firm had revenue of $42.37 million for the quarter, compared to the consensus estimate of $42.02 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. On average, equities analysts anticipate that City Office REIT will post 1.05 EPS for the current fiscal year.

City Office REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 6.90%. The ex-dividend date of this dividend was Thursday, October 10th. City Office REIT’s dividend payout ratio (DPR) is presently -95.24%.

City Office REIT Company 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.