Wells Fargo & Company MN Increases Stock Position in City Office REIT, Inc. (NYSE:CIO)

Wells Fargo & Company MN increased its holdings in shares of City Office REIT, Inc. (NYSE:CIO) by 27.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,994 shares of the real estate investment trust’s stock after buying an additional 5,205 shares during the period. Wells Fargo & Company MN’s holdings in City Office REIT were worth $132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CIO. Barclays PLC raised its holdings in 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 acquiring an additional 43,562 shares during the last quarter. JPMorgan Chase & Co. grew its position in City Office REIT by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 364,093 shares of the real estate investment trust’s stock valued at $2,126,000 after acquiring an additional 16,828 shares in the last quarter. EMC Capital Management increased 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 buying an additional 18,515 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of City Office REIT in the fourth quarter valued at $560,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of City Office REIT in the 4th quarter valued at about $104,000. 67.47% of the stock is currently owned by hedge funds and other institutional investors.

City Office REIT Trading Up 2.3 %

NYSE:CIO opened at $4.91 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.42 and a current ratio of 2.42. City Office REIT, Inc. has a 1 year low of $4.19 and a 1 year high of $6.50. The stock has a market cap of $198.16 million, a P/E ratio of -7.92, a P/E/G ratio of 0.86 and a beta of 1.65. The stock has a 50-day simple moving average of $4.94 and a 200-day simple moving average of $5.17.

City Office REIT (NYSE:CIO) last released its quarterly earnings data on Friday, May 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.03. City Office REIT had a negative net margin of 10.33% and a negative return on equity of 2.74%. The company had revenue of $42.26 million during the quarter, compared to the consensus estimate of $42.38 million. As a group, analysts anticipate that City Office REIT, Inc. will post 1 earnings per share for the current fiscal year.

City Office REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 8.15%. The ex-dividend date of this dividend was Thursday, April 10th. City Office REIT’s dividend payout ratio (DPR) is -61.54%.

City Office REIT 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.