Dimensional Fund Advisors LP Reduces Holdings in City Office REIT, Inc. (NYSE:CIO)

Dimensional Fund Advisors LP lowered its position in City Office REIT, Inc. (NYSE:CIO) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 583,413 shares of the real estate investment trust’s stock after selling 14,258 shares during the quarter. Dimensional Fund Advisors LP owned about 1.45% of City Office REIT worth $2,905,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in City Office REIT by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 3,935,501 shares of the real estate investment trust’s stock valued at $20,504,000 after purchasing an additional 29,345 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of City Office REIT by 42.9% in the 2nd quarter. Acadian Asset Management LLC now owns 245,688 shares of the real estate investment trust’s stock valued at $1,222,000 after buying an additional 73,736 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of City Office REIT by 12.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 166,927 shares of the real estate investment trust’s stock worth $831,000 after buying an additional 18,201 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of City Office REIT by 14.8% during the 2nd quarter. Victory Capital Management Inc. now owns 156,700 shares of the real estate investment trust’s stock worth $780,000 after acquiring an additional 20,200 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in City Office REIT by 5.0% during the second quarter. Rhumbline Advisers now owns 68,975 shares of the real estate investment trust’s stock valued at $343,000 after acquiring an additional 3,299 shares during the last quarter. Institutional investors own 67.47% of the company’s stock.

City Office REIT Stock Performance

Shares of CIO opened at $5.64 on Friday. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 1.00. The firm has a market cap of $226.47 million, a PE ratio of -20.14, a P/E/G ratio of 0.96 and a beta of 1.95. City Office REIT, Inc. has a 12 month low of $3.45 and a 12 month high of $6.70. The stock has a fifty day moving average price of $5.76 and a 200-day moving average price of $5.26.

City Office REIT (NYSE:CIO) last announced its quarterly earnings data 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 net margin of 4.02% and a negative return on equity of 1.07%. The company had revenue of $42.34 million during the quarter, compared to analysts’ expectations of $43.27 million. During the same period in the previous year, the business earned $0.35 earnings per share. Equities research analysts predict that City Office REIT, Inc. will post 1.04 earnings per share for the current fiscal year.

City Office REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 7.09%. The ex-dividend date of this dividend is Thursday, October 10th. City Office REIT’s dividend payout ratio (DPR) is currently -142.86%.

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.