Charles Schwab Investment Management Inc. Has $1.84 Million Stock Position in City Office REIT, Inc. (NYSE:CIO)

Charles Schwab Investment Management Inc. decreased its holdings in City Office REIT, Inc. (NYSE:CIO) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 333,609 shares of the real estate investment trust’s stock after selling 7,777 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.83% of City Office REIT worth $1,842,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd bought a new stake in City Office REIT during the 4th quarter worth approximately $560,000. Barclays PLC lifted its holdings in shares of City Office REIT by 237.0% in the 3rd quarter. Barclays PLC now owns 61,942 shares of the real estate investment trust’s stock worth $362,000 after purchasing an additional 43,562 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of 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 buying an additional 24,109 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in City Office REIT during the 4th quarter worth approximately $104,000. Finally, EMC Capital Management lifted its stake in City Office REIT by 688.0% during the 4th quarter. EMC Capital Management now owns 21,206 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 18,515 shares in the last quarter. Institutional investors own 67.47% of the company’s stock.

City Office REIT Trading Up 0.9 %

NYSE:CIO opened at $5.22 on Friday. City Office REIT, Inc. has a 52 week low of $4.29 and a 52 week high of $6.50. The firm has a 50-day moving average price of $5.10 and a two-hundred day moving average price of $5.40. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.42 and a current ratio of 2.42. The firm has a market cap of $210.63 million, a price-to-earnings ratio of -8.42, a price-to-earnings-growth ratio of 0.86 and a beta of 2.00.

City Office REIT (NYSE:CIO) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.40. The company had revenue of $41.92 million during the quarter, compared to analyst estimates of $42.79 million. City Office REIT had a negative return on equity of 2.74% and a negative net margin of 10.33%. On average, equities analysts expect that City Office REIT, Inc. will post 1 earnings per share for the current fiscal year.

City Office REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 10th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.66%. The ex-dividend date of this dividend is Thursday, April 10th. City Office REIT’s dividend payout ratio (DPR) is currently -64.52%.

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.