City Office REIT, Inc. (NYSE:CIO) Position Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in shares of City Office REIT, Inc. (NYSE:CIO) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,000 shares of the real estate investment trust’s stock after acquiring an additional 9,300 shares during the quarter. Victory Capital Management Inc. owned approximately 0.41% of City Office REIT worth $969,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. raised its stake in 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 worth $28,000 after acquiring an additional 5,052 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of City Office REIT in the second quarter valued at approximately $35,000. Sei Investments Co. acquired a new stake in shares of City Office REIT in the second quarter valued at approximately $72,000. Mackenzie Financial Corp acquired a new stake in shares of City Office REIT in the second quarter valued at approximately $83,000. Finally, SG Americas Securities LLC acquired a new stake in shares of City Office REIT in the third quarter valued at approximately $95,000. Institutional investors and hedge funds own 67.47% of the company’s stock.

City Office REIT Price Performance

Shares of NYSE:CIO opened at $5.72 on Thursday. The firm’s 50 day moving average is $5.52 and its two-hundred day moving average is $5.41. City Office REIT, Inc. has a 52 week low of $4.02 and a 52 week high of $6.70. The firm has a market capitalization of $229.66 million, a P/E ratio of -13.40, a PEG ratio of 0.84 and a beta of 1.97. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 1.02.

City Office REIT (NYSE:CIO) last announced its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.25 by ($0.36). City Office REIT had a negative net margin of 5.56% and a negative return on equity of 1.48%. The firm had revenue of $42.37 million during the quarter, compared to analyst estimates of $42.02 million. During the same quarter in the previous year, the business posted $0.34 EPS. Analysts anticipate that City Office REIT, Inc. will post 1.05 earnings per share for the current year.

City Office REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.99%. City Office REIT’s dividend payout ratio is presently -95.24%.

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.