Charles Schwab Investment Management Inc. Grows Position in City Office REIT, Inc. (NYSE:CIO)

Charles Schwab Investment Management Inc. boosted its position in shares of City Office REIT, Inc. (NYSE:CIO) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 341,386 shares of the real estate investment trust’s stock after buying an additional 12,808 shares during the period. Charles Schwab Investment Management Inc. owned 0.85% of City Office REIT worth $1,994,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CIO. Renaissance Technologies LLC grew its holdings in shares of City Office REIT by 1.7% during the second quarter. Renaissance Technologies LLC now owns 1,268,416 shares of the real estate investment trust’s stock worth $6,317,000 after buying an additional 21,600 shares during the last quarter. Acadian Asset Management LLC grew its stake 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 purchasing an additional 73,736 shares during the last quarter. Bank of New York Mellon Corp grew its stake 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 valued at $831,000 after purchasing an additional 18,201 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of City Office REIT by 5.9% during the third quarter. Victory Capital Management Inc. now owns 166,000 shares of the real estate investment trust’s stock worth $969,000 after purchasing an additional 9,300 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of City Office REIT by 34.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 93,546 shares of the real estate investment trust’s stock worth $546,000 after purchasing an additional 24,109 shares during the period. Hedge funds and other institutional investors own 67.47% of the company’s stock.

City Office REIT Trading Down 2.9 %

NYSE CIO opened at $5.68 on Tuesday. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $228.07 million, a P/E ratio of -13.52, a P/E/G ratio of 0.91 and a beta of 1.99. City Office REIT, Inc. has a 52-week low of $4.02 and a 52-week high of $6.63. The firm has a 50-day moving average price of $5.48 and a 200 day moving average price of $5.48.

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

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.