Victory Capital Management Inc. Has $961,000 Stock Position in City Office REIT, Inc. (NYSE:CIO)

Victory Capital Management Inc. increased its stake in City Office REIT, Inc. (NYSE:CIO) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 174,179 shares of the real estate investment trust’s stock after acquiring an additional 8,179 shares during the quarter. Victory Capital Management Inc. owned about 0.43% of City Office REIT worth $961,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new position in shares of City Office REIT in the fourth quarter worth approximately $104,000. Y Intercept Hong Kong Ltd acquired a new position in shares of City Office REIT in the fourth quarter worth approximately $560,000. EMC Capital Management lifted its stake in shares of City Office REIT by 688.0% in the fourth quarter. EMC Capital Management now owns 21,206 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 18,515 shares during the period. JPMorgan Chase & Co. lifted its stake in City Office REIT by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 364,093 shares of the real estate investment trust’s stock valued at $2,126,000 after buying an additional 16,828 shares during the period. Finally, Barclays PLC lifted its stake in City Office REIT by 237.0% in the third quarter. Barclays PLC now owns 61,942 shares of the real estate investment trust’s stock valued at $362,000 after buying an additional 43,562 shares during the period. 67.47% of the stock is owned by institutional investors and hedge funds.

City Office REIT Price Performance

Shares of CIO opened at $5.09 on Friday. City Office REIT, Inc. has a 52-week low of $4.29 and a 52-week high of $6.50. 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 business’s 50 day moving average price is $5.10 and its two-hundred day moving average price is $5.42. The firm has a market cap of $205.22 million, a PE ratio of -8.20, a price-to-earnings-growth ratio of 0.86 and a beta of 2.00.

City Office REIT (NYSE:CIO) last issued its quarterly 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. City Office REIT had a negative return on equity of 2.74% and a negative net margin of 10.33%. The firm had revenue of $41.92 million for the quarter, compared to analyst estimates of $42.79 million. On average, equities analysts anticipate that City Office REIT, Inc. will post 1 EPS for the current year.

City Office REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 7.87%. The ex-dividend date is Thursday, April 10th. City Office REIT’s dividend payout ratio (DPR) is presently -64.52%.

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.