City Office REIT, Inc. (NYSE:CIO) Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. trimmed its holdings in City Office REIT, Inc. (NYSE:CIO) by 8.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 40,000 shares of the real estate investment trust’s stock after selling 3,500 shares during the period. Wedbush Securities Inc. owned approximately 0.10% of City Office REIT worth $199,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CIO. Acadian Asset Management LLC grew its position in City Office REIT by 42.9% in the second quarter. Acadian Asset Management LLC now owns 245,688 shares of the real estate investment trust’s stock worth $1,222,000 after acquiring an additional 73,736 shares during the period. Franklin Resources Inc. grew its position in 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 acquiring an additional 60,197 shares during the period. Quadrature Capital Ltd purchased a new position in City Office REIT in the first quarter worth approximately $159,000. Jacobs Levy Equity Management Inc. purchased a new position in City Office REIT in the first quarter worth approximately $153,000. Finally, Vanguard Group Inc. grew its position in City Office REIT by 0.8% in the first quarter. Vanguard Group Inc. now owns 3,935,501 shares of the real estate investment trust’s stock worth $20,504,000 after acquiring an additional 29,345 shares during the period. 67.47% of the stock is currently owned by hedge funds and other institutional investors.

City Office REIT Trading Up 3.2 %

Shares of City Office REIT stock opened at $6.19 on Monday. The firm has a market capitalization of $248.53 million, a price-to-earnings ratio of -22.11, a PEG ratio of 0.94 and a beta of 1.96. City Office REIT, Inc. has a fifty-two week low of $3.45 and a fifty-two week high of $6.70. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.80 and a current ratio of 2.80. The stock has a 50 day moving average of $5.64 and a 200 day moving average of $5.07.

City Office REIT (NYSE:CIO) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.27 by ($0.41). City Office REIT had a negative return on equity of 1.07% and a negative net margin of 4.02%. The firm had revenue of $42.34 million for the quarter, compared to analysts’ expectations of $43.27 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. As a group, research analysts predict that City Office REIT, Inc. will post 1.04 earnings per share for the current year.

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.