EMC Capital Management Has $117,000 Stake in City Office REIT, Inc. (NYSE:CIO)

EMC Capital Management raised its stake in shares of City Office REIT, Inc. (NYSE:CIO) by 688.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 21,206 shares of the real estate investment trust’s stock after purchasing an additional 18,515 shares during the quarter. EMC Capital Management owned 0.05% of City Office REIT worth $117,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in CIO. Barclays PLC grew its position in City Office REIT by 237.0% during the third quarter. Barclays PLC now owns 61,942 shares of the real estate investment trust’s stock worth $362,000 after buying an additional 43,562 shares in the last quarter. Penserra Capital Management LLC grew its holdings in shares of City Office REIT by 23.0% during the 3rd quarter. Penserra Capital Management LLC now owns 205,073 shares of the real estate investment trust’s stock worth $1,197,000 after purchasing an additional 38,285 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of City Office REIT by 34.7% during 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 purchasing an additional 24,109 shares during the period. JPMorgan Chase & Co. increased its position in shares of City Office REIT by 4.8% during 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 purchasing an additional 16,828 shares during the period. Finally, Mackenzie Financial Corp acquired a new position in shares of City Office REIT in the second quarter valued at $83,000. Institutional investors and hedge funds own 67.47% of the company’s stock.

City Office REIT Stock Up 4.3 %

CIO opened at $5.26 on Friday. The company has a market capitalization of $210.99 million, a P/E ratio of -12.51, a P/E/G ratio of 0.84 and a beta of 1.98. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.42 and a quick ratio of 2.42. The firm’s fifty day moving average price is $5.43 and its two-hundred day moving average price is $5.56. City Office REIT, Inc. has a fifty-two week low of $4.02 and a fifty-two week high of $6.50.

City Office REIT (NYSE:CIO) last issued its earnings results on Thursday, October 31st. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.36). City Office REIT had a negative net margin of 5.56% and a negative return on equity of 1.48%. The business had revenue of $42.37 million for the quarter, compared to analyst estimates of $42.02 million. During the same quarter last year, the firm posted $0.34 earnings per share. On average, analysts anticipate that City Office REIT, Inc. will post 1.05 EPS for the current year.

City Office REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 7.61%. The ex-dividend date of this dividend was Friday, January 10th. City Office REIT’s payout ratio is -95.24%.

City Office REIT Company 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.