Penserra Capital Management LLC Buys 38,285 Shares of City Office REIT, Inc. (NYSE:CIO)

Penserra Capital Management LLC increased its stake in City Office REIT, Inc. (NYSE:CIO) by 23.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 205,073 shares of the real estate investment trust’s stock after purchasing an additional 38,285 shares during the quarter. Penserra Capital Management LLC owned approximately 0.51% of City Office REIT worth $1,197,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of City Office REIT by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 341,386 shares of the real estate investment trust’s stock valued at $1,994,000 after buying an additional 12,808 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in City Office REIT by 34.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 93,546 shares of the real estate investment trust’s stock worth $546,000 after acquiring an additional 24,109 shares during the last quarter. Victory Capital Management Inc. raised its stake in City Office REIT by 5.9% in the 3rd quarter. Victory Capital Management Inc. now owns 166,000 shares of the real estate investment trust’s stock valued at $969,000 after acquiring an additional 9,300 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in City Office REIT by 13.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 19,497 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 2,323 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in City Office REIT during the third quarter valued at about $95,000. Hedge funds and other institutional investors own 67.47% of the company’s stock.

City Office REIT Price Performance

CIO opened at $5.63 on Wednesday. The firm has a 50-day moving average price of $5.53 and a 200-day moving average price of $5.40. City Office REIT, Inc. has a twelve month low of $4.02 and a twelve month high of $6.70. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $226.07 million, a price-to-earnings ratio of -13.40, a PEG ratio of 0.82 and a beta of 1.97.

City Office REIT (NYSE:CIO) last released its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.36). The business had revenue of $42.37 million during the quarter, compared to analysts’ expectations of $42.02 million. City Office REIT had a negative net margin of 5.56% and a negative return on equity of 1.48%. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Equities analysts expect that City Office REIT, Inc. will post 1.05 EPS for the current year.

City Office REIT Announces Dividend

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 dividend of $0.10 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.40 dividend on an annualized basis and a yield of 7.10%. City Office REIT’s dividend payout ratio (DPR) is -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.