City Office REIT, Inc. (NYSE:CIO) Holdings Lowered by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its stake in City Office REIT, Inc. (NYSE:CIO) by 19.9% in the 1st quarter, HoldingsChannel reports. The fund owned 8,899 shares of the real estate investment trust’s stock after selling 2,213 shares during the period. Nisa Investment Advisors LLC’s holdings in City Office REIT were worth $46,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CIO. Penserra Capital Management LLC boosted its stake in City Office REIT by 21.0% during the 1st quarter. Penserra Capital Management LLC now owns 215,877 shares of the real estate investment trust’s stock valued at $1,120,000 after purchasing an additional 37,524 shares in the last quarter. Sonora Investment Management Group LLC acquired a new stake in shares of City Office REIT in the first quarter valued at $655,000. Summit Global Investments acquired a new stake in shares of City Office REIT in the first quarter valued at $57,000. GAMMA Investing LLC boosted its stake in City Office REIT by 270.7% during the first quarter. GAMMA Investing LLC now owns 11,293 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 8,247 shares in the last quarter. Finally, DigitalBridge Group Inc. acquired a new position in City Office REIT during the fourth quarter worth about $364,000. Institutional investors and hedge funds own 67.47% of the company’s stock.

City Office REIT Price Performance

Shares of City Office REIT stock opened at $5.40 on Friday. City Office REIT, Inc. has a 52 week low of $4.19 and a 52 week high of $6.50. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 1.05. The stock has a market cap of $217.94 million, a PE ratio of -8.31, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65. The company’s 50-day moving average price is $5.26 and its two-hundred day moving average price is $5.12.

City Office REIT (NYSE:CIO) last released its earnings results on Friday, May 2nd. The real estate investment trust reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03. The business had revenue of $42.26 million during the quarter, compared to analyst estimates of $42.38 million. City Office REIT had a negative net margin of 11.11% and a negative return on equity of 2.98%. As a group, sell-side analysts anticipate that City Office REIT, Inc. will post 1 EPS for the current fiscal year.

City Office REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.41%. City Office REIT’s dividend payout ratio (DPR) is presently -61.54%.

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.