Asset Management One Co. Ltd. Has $285,000 Holdings in City Office REIT, Inc. (NYSE:CIO)

Asset Management One Co. Ltd. reduced its stake in shares of City Office REIT, Inc. (NYSE:CIO) by 18.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,460 shares of the real estate investment trust’s stock after selling 12,419 shares during the quarter. Asset Management One Co. Ltd.’s holdings in City Office REIT were worth $285,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CIO. SG Americas Securities LLC acquired a new position in City Office REIT during the 3rd quarter valued at $95,000. DekaBank Deutsche Girozentrale increased its holdings in City Office REIT by 13.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 19,497 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 2,323 shares during the period. EMC Capital Management increased its holdings in City Office REIT by 688.0% in the 4th quarter. EMC Capital Management now owns 21,206 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 18,515 shares during the period. Quantinno Capital Management LP increased its holdings in City Office REIT by 44.0% in the 3rd quarter. Quantinno Capital Management LP now owns 38,722 shares of the real estate investment trust’s stock valued at $226,000 after buying an additional 11,825 shares during the period. Finally, Jane Street Group LLC increased its holdings in City Office REIT by 40.0% in the 3rd quarter. Jane Street Group LLC now owns 54,987 shares of the real estate investment trust’s stock valued at $321,000 after buying an additional 15,704 shares during the period. 67.47% of the stock is currently owned by institutional investors and hedge funds.

City Office REIT Trading Up 1.5 %

Shares of City Office REIT stock opened at $5.17 on Friday. The firm has a market capitalization of $207.37 million, a PE ratio of -12.30, a price-to-earnings-growth ratio of 0.85 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 company’s fifty day moving average price is $5.27 and its two-hundred day moving average price is $5.49. City Office REIT, Inc. has a 52-week low of $4.02 and a 52-week high of $6.50.

City Office REIT (NYSE:CIO) last announced 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 net margin of 5.56% and a negative return on equity of 1.48%. On average, analysts expect that City Office REIT, Inc. will post 1.05 EPS for the current year.

City Office REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 7.74%. The ex-dividend date 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.