LSV Asset Management Has $11.12 Million Position in City Office REIT, Inc. (NYSE:CIO)

LSV Asset Management lessened its position in City Office REIT, Inc. (NYSE:CIO) by 1.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,820,041 shares of the real estate investment trust’s stock after selling 34,200 shares during the quarter. LSV Asset Management’s holdings in City Office REIT were worth $11,120,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in City Office REIT in the third quarter valued at approximately $80,000. Diligent Investors LLC acquired a new position in shares of City Office REIT in the third quarter valued at about $98,000. Penserra Capital Management LLC grew its position in shares of City Office REIT by 14.4% during the 3rd quarter. Penserra Capital Management LLC now owns 101,255 shares of the real estate investment trust’s stock worth $430,000 after purchasing an additional 12,773 shares in the last quarter. Victory Capital Management Inc. grew its position in City Office REIT by 11.4% during the third quarter. Victory Capital Management Inc. now owns 131,400 shares of the real estate investment trust’s stock worth $558,000 after buying an additional 13,400 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of City Office REIT by 73.2% during the 3rd quarter. AQR Capital Management LLC now owns 1,059,006 shares of the real estate investment trust’s stock valued at $4,501,000 after acquiring an additional 447,484 shares during the period. Institutional investors and hedge funds own 67.47% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of City Office REIT from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th.

City Office REIT Trading Down 0.5 %

Shares of CIO stock opened at $4.85 on Wednesday. City Office REIT, Inc. has a fifty-two week low of $3.45 and a fifty-two week high of $6.70. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.33 and a current ratio of 3.33. The stock’s fifty day moving average price is $4.61 and its two-hundred day moving average price is $4.94. The company has a market cap of $194.53 million, a PE ratio of -17.30, a P/E/G ratio of 0.74 and a beta of 1.84.

City Office REIT (NYSE:CIO) last announced its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.42). The company had revenue of $44.32 million for the quarter, compared to the consensus estimate of $44.47 million. City Office REIT had a negative net margin of 2.24% and a negative return on equity of 0.59%. During the same period last year, the firm posted $0.38 earnings per share. Equities analysts predict that City Office REIT, Inc. will post 1.09 EPS for the current fiscal year.

City Office REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $0.40 annualized dividend and a yield of 8.26%. City Office REIT’s dividend payout ratio is presently -142.85%.

Insider Activity

In other City Office REIT news, Director Michael Mazan acquired 39,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was acquired at an average price of $4.22 per share, for a total transaction of $164,580.00. Following the acquisition, the director now directly owns 39,000 shares in the company, valued at $164,580. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.90% of the company’s stock.

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.