City Office REIT (NYSE:CIO) Stock Crosses Above 50 Day Moving Average of $4.84

City Office REIT, Inc. (NYSE:CIOGet Free Report)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $4.84 and traded as high as $4.97. City Office REIT shares last traded at $4.90, with a volume of 156,611 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of City Office REIT from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th.

Read Our Latest Stock Analysis on City Office REIT

City Office REIT Price Performance

The business’s 50-day simple moving average is $4.86 and its two-hundred day simple moving average is $5.07. The stock has a market cap of $195.13 million, a price-to-earnings ratio of -17.36, a price-to-earnings-growth ratio of 0.77 and a beta of 1.91. The company has a debt-to-equity ratio of 1.02, a current ratio of 3.23 and a quick ratio of 3.23.

City Office REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 10th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 8.23%. The ex-dividend date of this dividend is Wednesday, July 10th. City Office REIT’s payout ratio is currently -142.85%.

Hedge Funds Weigh In On City Office REIT

A number of hedge funds have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in City Office REIT during the first quarter worth $98,000. EMC Capital Management raised its stake in City Office REIT by 10.3% during the first quarter. EMC Capital Management now owns 21,206 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 1,972 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in City Office REIT during the first quarter worth $153,000. Price T Rowe Associates Inc. MD grew its holdings in City Office REIT by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,764 shares of the real estate investment trust’s stock worth $343,000 after purchasing an additional 2,454 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in City Office REIT in the first quarter worth $159,000. Institutional investors own 67.47% of the company’s stock.

City Office REIT Company Profile

(Get Free Report)

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.

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