Y Intercept Hong Kong Ltd Makes New $560,000 Investment in City Office REIT, Inc. (NYSE:CIO)

Y Intercept Hong Kong Ltd acquired a new position in shares of City Office REIT, Inc. (NYSE:CIO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 101,454 shares of the real estate investment trust’s stock, valued at approximately $560,000. Y Intercept Hong Kong Ltd owned about 0.25% of City Office REIT at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CIO. DekaBank Deutsche Girozentrale boosted its holdings in shares of City Office REIT by 13.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 19,497 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 2,323 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of 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 worth $969,000 after buying an additional 9,300 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of City Office REIT by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,026,928 shares of the real estate investment trust’s stock worth $5,998,000 after buying an additional 11,178 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of City Office REIT by 44.0% in the 3rd quarter. Quantinno Capital Management LP now owns 38,722 shares of the real estate investment trust’s stock worth $226,000 after buying an additional 11,825 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of City Office REIT by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 341,386 shares of the real estate investment trust’s stock worth $1,994,000 after buying an additional 12,808 shares during the last quarter. 67.47% of the stock is owned by hedge funds and other institutional investors.

City Office REIT Price Performance

NYSE CIO opened at $5.27 on Friday. The company has a market cap of $212.81 million, a PE ratio of -8.50, a price-to-earnings-growth ratio of 0.86 and a beta of 1.98. City Office REIT, Inc. has a 52 week low of $4.09 and a 52 week high of $6.50. 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 firm’s 50-day simple moving average is $5.21 and its two-hundred day simple moving average is $5.48.

City Office REIT (NYSE:CIO) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.40. City Office REIT had a negative return on equity of 2.74% and a negative net margin of 10.33%. The firm had revenue of $41.92 million for the quarter, compared to analysts’ expectations of $42.79 million. Research analysts predict that City Office REIT, Inc. will post 1 earnings per share for the current year.

City Office REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Friday, January 10th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 7.59%. The ex-dividend date was Friday, January 10th. City Office REIT’s dividend payout ratio (DPR) is -64.52%.

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.