City Office REIT, Inc. (NYSE:CIO) Position Increased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in shares of City Office REIT, Inc. (NYSE:CIO) by 5.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 166,000 shares of the real estate investment trust’s stock after buying an additional 9,300 shares during the period. Victory Capital Management Inc.’s holdings in City Office REIT were worth $969,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in City Office REIT by 2,225.6% during the second quarter. Blue Trust Inc. now owns 5,279 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 5,052 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in City Office REIT in the 2nd quarter worth approximately $35,000. Sei Investments Co. acquired a new position in City Office REIT in the 2nd quarter worth approximately $72,000. SG Americas Securities LLC acquired a new position in City Office REIT in the 3rd quarter worth approximately $95,000. Finally, Mackenzie Financial Corp acquired a new position in City Office REIT in the 2nd quarter worth approximately $83,000. 67.47% of the stock is currently owned by institutional investors.

City Office REIT Trading Up 1.6 %

City Office REIT stock opened at $5.72 on Thursday. The company has a 50 day moving average price of $5.52 and a 200 day moving average price of $5.41. City Office REIT, Inc. has a 52 week low of $4.02 and a 52 week high of $6.70. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.42 and a current ratio of 2.42. The firm has a market capitalization of $229.66 million, a price-to-earnings ratio of -13.40, a P/E/G ratio of 0.84 and a beta of 1.97.

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

City Office REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date of this dividend was Thursday, October 10th. City Office REIT’s dividend payout ratio 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.