19,500 Shares in City Office REIT, Inc. (NYSE:CIO) Purchased by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd acquired a new position in shares of City Office REIT, Inc. (NYSE:CIO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,500 shares of the real estate investment trust’s stock, valued at approximately $108,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its holdings in City Office REIT by 4.9% during the 4th quarter. Victory Capital Management Inc. now owns 174,179 shares of the real estate investment trust’s stock worth $961,000 after purchasing an additional 8,179 shares in the last quarter. Geode Capital Management LLC raised 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 valued at $5,998,000 after acquiring an additional 11,178 shares in the last quarter. Quantinno Capital Management LP raised 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 valued at $226,000 after acquiring an additional 11,825 shares in the last quarter. Charles Schwab Investment Management Inc. raised 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 valued at $1,994,000 after acquiring an additional 12,808 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of City Office REIT by 40.0% in the 3rd quarter. Jane Street Group LLC now owns 54,987 shares of the real estate investment trust’s stock valued at $321,000 after acquiring an additional 15,704 shares in the last quarter. Hedge funds and other institutional investors own 67.47% of the company’s stock.

City Office REIT Stock Performance

NYSE:CIO opened at $5.06 on Monday. The business’s 50-day moving average price is $5.13 and its two-hundred day moving average price is $5.44. City Office REIT, Inc. has a twelve month low of $4.09 and a twelve month high of $6.50. The stock has a market cap of $204.29 million, a P/E ratio of -8.16, a PEG ratio of 0.86 and a beta of 2.00. 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 (NYSE:CIO) last released 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. The firm had revenue of $41.92 million for the quarter, compared to analysts’ expectations of $42.79 million. City Office REIT had a negative return on equity of 2.74% and a negative net margin of 10.33%. As a group, equities analysts predict that City Office REIT, Inc. will post 1 EPS for the current fiscal year.

City Office REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 10th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 7.90%. City Office REIT’s payout ratio 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.