City Office REIT, Inc. (NYSE:CIO) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in City Office REIT, Inc. (NYSE:CIO) by 3.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 563,743 shares of the real estate investment trust’s stock after selling 20,092 shares during the quarter. Dimensional Fund Advisors LP’s holdings in City Office REIT were worth $3,112,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CIO. Barclays PLC increased its position 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 valued at $362,000 after purchasing an additional 43,562 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in City Office REIT by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 364,093 shares of the real estate investment trust’s stock worth $2,126,000 after purchasing an additional 16,828 shares during the period. EMC Capital Management boosted 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 worth $117,000 after purchasing an additional 18,515 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in City Office REIT during the 4th quarter worth $560,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of City Office REIT in the 4th quarter worth $104,000. 67.47% of the stock is owned by hedge funds and other institutional investors.

City Office REIT Stock Down 0.2%

CIO stock opened at $4.93 on Wednesday. City Office REIT, Inc. has a one year low of $4.19 and a one year high of $6.50. The stock has a market capitalization of $198.96 million, a PE ratio of -7.95, a price-to-earnings-growth ratio of 0.86 and a beta of 1.65. 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 company has a fifty day moving average of $4.93 and a 200-day moving average of $5.17.

City Office REIT (NYSE:CIO) last announced its quarterly earnings results on Friday, May 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $42.26 million during the quarter, compared to the consensus estimate of $42.38 million. City Office REIT had a negative net margin of 10.33% and a negative return on equity of 2.74%. As a group, analysts expect 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 was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 8.11%. The ex-dividend date was Thursday, April 10th. City Office REIT’s dividend payout ratio (DPR) is presently -61.54%.

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.