City Office REIT, Inc. (NYSE:CIO) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in shares of City Office REIT, Inc. (NYSE:CIO) by 14.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,700 shares of the real estate investment trust’s stock after acquiring an additional 20,200 shares during the period. Victory Capital Management Inc. owned about 0.39% of City Office REIT worth $780,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of 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 valued at $28,000 after acquiring an additional 5,052 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in City Office REIT in the first quarter worth about $63,000. Vanguard Personalized Indexing Management LLC acquired a new position in City Office REIT in the fourth quarter worth about $97,000. Virtu Financial LLC acquired a new position in City Office REIT in the first quarter worth about $98,000. Finally, EMC Capital Management grew its stake in City Office REIT by 10.3% in the first quarter. EMC Capital Management now owns 21,206 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 1,972 shares in the last quarter. 67.47% of the stock is currently owned by institutional investors and hedge funds.

City Office REIT Stock Down 3.5 %

NYSE:CIO opened at $6.00 on Friday. The company has a market capitalization of $240.92 million, a price-to-earnings ratio of -21.43, a price-to-earnings-growth ratio of 0.94 and a beta of 1.96. City Office REIT, Inc. has a one year low of $3.45 and a one year high of $6.70. The stock has a 50-day simple moving average of $5.75 and a 200 day simple moving average of $5.13. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.80 and a current ratio of 2.80.

City Office REIT (NYSE:CIO) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $43.27 million. During the same quarter last year, the business posted $0.35 earnings per share. Sell-side analysts predict that City Office REIT, Inc. will post 1.04 EPS for the current fiscal year.

City Office REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a $0.10 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.40 dividend on an annualized basis and a yield of 6.67%. City Office REIT’s dividend payout ratio is currently -142.86%.

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.