Asset Management One Co. Ltd. Has $285,000 Stock Holdings in City Office REIT, Inc. (NYSE:CIO)

Asset Management One Co. Ltd. cut its holdings in City Office REIT, Inc. (NYSE:CIO) by 18.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,460 shares of the real estate investment trust’s stock after selling 12,419 shares during the quarter. Asset Management One Co. Ltd. owned about 0.13% of City Office REIT worth $285,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CIO. SG Americas Securities LLC acquired a new stake in City Office REIT in the third quarter valued at approximately $95,000. DekaBank Deutsche Girozentrale lifted its stake in City Office REIT by 13.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 19,497 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 2,323 shares during the last quarter. Victory Capital Management Inc. lifted its stake in City Office REIT by 5.9% in the third quarter. Victory Capital Management Inc. now owns 166,000 shares of the real estate investment trust’s stock valued at $969,000 after acquiring an additional 9,300 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in City Office REIT by 34.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 93,546 shares of the real estate investment trust’s stock valued at $546,000 after acquiring an additional 24,109 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in City Office REIT by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 341,386 shares of the real estate investment trust’s stock valued at $1,994,000 after acquiring an additional 12,808 shares during the last quarter. 67.47% of the stock is currently owned by institutional investors and hedge funds.

City Office REIT Price Performance

NYSE CIO opened at $5.17 on Friday. 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 $207.37 million, a PE ratio of -12.30, a price-to-earnings-growth ratio of 0.85 and a beta of 1.98. The company has a 50 day moving average price of $5.27 and a two-hundred day moving average price of $5.49. City Office REIT, Inc. has a 12-month low of $4.02 and a 12-month high of $6.50.

City Office REIT (NYSE:CIO) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.40. City Office REIT had a negative net margin of 5.56% and a negative return on equity of 1.48%. As a group, equities 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.74%. The ex-dividend date was Friday, January 10th. City Office REIT’s payout ratio is -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.