Victory Capital Management Inc. Has $961,000 Stake in City Office REIT, Inc. (NYSE:CIO)

Victory Capital Management Inc. lifted its position in shares of City Office REIT, Inc. (NYSE:CIO) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,179 shares of the real estate investment trust’s stock after purchasing an additional 8,179 shares during the quarter. Victory Capital Management Inc.’s holdings in City Office REIT were worth $961,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CIO. Geode Capital Management LLC grew its holdings in City Office REIT by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,026,928 shares of the real estate investment trust’s stock worth $5,998,000 after buying an additional 11,178 shares in the last quarter. Quantinno Capital Management LP grew its holdings in City Office REIT by 44.0% during the third quarter. Quantinno Capital Management LP now owns 38,722 shares of the real estate investment trust’s stock worth $226,000 after buying an additional 11,825 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in City Office REIT by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 341,386 shares of the real estate investment trust’s stock worth $1,994,000 after buying an additional 12,808 shares in the last quarter. Jane Street Group LLC grew its holdings in City Office REIT by 40.0% during the third quarter. Jane Street Group LLC now owns 54,987 shares of the real estate investment trust’s stock worth $321,000 after buying an additional 15,704 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in 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 worth $2,126,000 after buying an additional 16,828 shares in the last quarter. 67.47% of the stock is owned by institutional investors and hedge funds.

City Office REIT Trading Up 0.5 %

Shares of City Office REIT stock opened at $5.09 on Friday. The stock has a fifty day simple moving average of $5.10 and a 200 day simple moving average of $5.42. City Office REIT, Inc. has a 12-month low of $4.29 and a 12-month high of $6.50. The company has a market capitalization of $205.22 million, a P/E ratio of -8.20, a price-to-earnings-growth ratio of 0.86 and a beta of 2.00. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 1.02.

City Office REIT (NYSE:CIO) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.40. The firm had revenue of $41.92 million during the quarter, compared to the consensus estimate of $42.79 million. City Office REIT had a negative return on equity of 2.74% and a negative net margin of 10.33%. On average, sell-side analysts anticipate that City Office REIT, Inc. will post 1 earnings per share for the current fiscal year.

City Office REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $0.40 dividend on an annualized basis and a yield of 7.87%. City Office REIT’s dividend payout ratio (DPR) is presently -64.52%.

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.