City Office REIT (NYSE:CIO) Stock Crosses Below 200 Day Moving Average of $5.03

Shares of City Office REIT, Inc. (NYSE:CIO) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.03 and traded as low as $4.90. City Office REIT shares last traded at $4.90, with a volume of 61,242 shares trading hands.

Analyst Ratings Changes

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

City Office REIT Stock Performance

The company has a market capitalization of $196.74 million, a price-to-earnings ratio of -17.50, a P/E/G ratio of 0.79 and a beta of 1.94. The stock has a 50 day simple moving average of $4.89 and a 200 day simple moving average of $5.03. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 1.02.

City Office REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 10th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $0.40 dividend on an annualized basis and a yield of 8.16%. City Office REIT’s dividend payout ratio is currently -142.85%.

Institutional Investors Weigh In On City Office REIT

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in City Office REIT by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 3,935,501 shares of the real estate investment trust’s stock worth $20,504,000 after buying an additional 29,345 shares in the last quarter. AQR Capital Management LLC boosted its position in 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 worth $4,501,000 after acquiring an additional 447,484 shares during the period. Franklin Resources Inc. grew its stake in shares of City Office REIT by 23.5% in the fourth quarter. Franklin Resources Inc. now owns 315,973 shares of the real estate investment trust’s stock worth $1,931,000 after purchasing an additional 60,197 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of City Office REIT by 44.3% during the first quarter. Acadian Asset Management LLC now owns 171,952 shares of the real estate investment trust’s stock valued at $894,000 after purchasing an additional 52,787 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of City Office REIT by 7.3% during the fourth quarter. Victory Capital Management Inc. now owns 141,000 shares of the real estate investment trust’s stock valued at $862,000 after purchasing an additional 9,600 shares in the last quarter. 67.47% of the stock is owned by institutional investors and hedge funds.

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.