Cubist Systematic Strategies LLC Has $386,000 Stock Holdings in City Office REIT, Inc. (NYSE:CIO)

Cubist Systematic Strategies LLC cut its position in shares of City Office REIT, Inc. (NYSE:CIO) by 43.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,570 shares of the real estate investment trust’s stock after selling 59,861 shares during the quarter. Cubist Systematic Strategies LLC owned 0.19% of City Office REIT worth $386,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of City Office REIT by 0.8% in the first quarter. Vanguard Group Inc. now owns 3,935,501 shares of the real estate investment trust’s stock worth $20,504,000 after buying an additional 29,345 shares during the period. Renaissance Technologies LLC grew its stake in City Office REIT by 1.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,268,416 shares of the real estate investment trust’s stock valued at $6,317,000 after acquiring an additional 21,600 shares in the last quarter. Acadian Asset Management LLC increased its holdings 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 period. Bank of New York Mellon Corp lifted its position in shares of City Office REIT by 12.2% in the second quarter. Bank of New York Mellon Corp now owns 166,927 shares of the real estate investment trust’s stock worth $831,000 after purchasing an additional 18,201 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of City Office REIT by 14.8% during the second quarter. Victory Capital Management Inc. now owns 156,700 shares of the real estate investment trust’s stock worth $780,000 after purchasing an additional 20,200 shares during the period. Institutional investors and hedge funds own 67.47% of the company’s stock.

City Office REIT Stock Performance

Shares of CIO opened at $5.57 on Monday. City Office REIT, Inc. has a 52 week low of $3.45 and a 52 week high of $6.70. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.80 and a current ratio of 2.80. The company has a market capitalization of $223.66 million, a PE ratio of -19.89, a PEG ratio of 0.92 and a beta of 1.95. The company’s 50 day moving average price is $5.76 and its 200 day moving average price is $5.26.

City Office REIT (NYSE:CIO) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.41). The company had revenue of $42.34 million during the quarter, compared to analyst estimates of $43.27 million. City Office REIT had a negative return on equity of 1.07% and a negative net margin of 4.02%. During the same period last year, the company posted $0.35 earnings per share. Research analysts expect that City Office REIT, Inc. will post 1.04 EPS for the current fiscal year.

City Office REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 7.18%. The ex-dividend date is Thursday, October 10th. City Office REIT’s payout ratio is presently -142.86%.

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.