JPMorgan Chase & Co. Purchases 16,828 Shares of City Office REIT, Inc. (NYSE:CIO)

JPMorgan Chase & Co. lifted its position in City Office REIT, Inc. (NYSE:CIO) by 4.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 364,093 shares of the real estate investment trust’s stock after buying an additional 16,828 shares during the period. JPMorgan Chase & Co. owned about 0.91% of City Office REIT worth $2,126,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Sei Investments Co. bought a new stake in shares of City Office REIT in the 2nd quarter valued at $72,000. Mackenzie Financial Corp acquired a new position in City Office REIT in the 2nd quarter worth $83,000. SG Americas Securities LLC acquired a new position in City Office REIT in the 3rd quarter worth $95,000. Vanguard Personalized Indexing Management LLC boosted its stake in City Office REIT by 21.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,451 shares of the real estate investment trust’s stock worth $97,000 after purchasing an additional 3,391 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its stake in City Office REIT by 13.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 19,497 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 2,323 shares during the period. Institutional investors own 67.47% of the company’s stock.

City Office REIT Price Performance

Shares of NYSE CIO opened at $5.24 on Wednesday. The firm has a market cap of $210.19 million, a PE ratio of -12.46, a PEG ratio of 0.86 and a beta of 1.98. 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, Inc. has a 1-year low of $4.02 and a 1-year high of $6.50. The company has a fifty day moving average price of $5.40 and a 200 day moving average price of $5.56.

City Office REIT (NYSE:CIO) last announced its earnings results on Thursday, October 31st. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.36). The company had revenue of $42.37 million during the quarter, compared to analyst estimates 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 period in the previous year, the company posted $0.34 earnings per share. Research analysts predict that City Office REIT, Inc. will post 1.05 earnings per share for the current fiscal year.

City Office REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Friday, January 10th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 7.64%. The ex-dividend date is Friday, January 10th. City Office REIT’s payout ratio is presently -95.24%.

About City Office REIT

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.