Y Intercept Hong Kong Ltd Takes Position in City Office REIT, Inc. (NYSE:CIO)

Y Intercept Hong Kong Ltd acquired a new stake in shares of City Office REIT, Inc. (NYSE:CIO) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 101,454 shares of the real estate investment trust’s stock, valued at approximately $560,000.

Other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale boosted its stake in shares of City Office REIT by 13.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 19,497 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 2,323 shares during the period. EMC Capital Management boosted its stake in shares of City Office REIT by 688.0% during the fourth quarter. EMC Capital Management now owns 21,206 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 18,515 shares during the period. Quantinno Capital Management LP boosted its stake in shares of 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 valued at $226,000 after purchasing an additional 11,825 shares during the period. Jane Street Group LLC boosted its stake in shares of 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 valued at $321,000 after purchasing an additional 15,704 shares during the period. Finally, Barclays PLC lifted its stake in City Office REIT by 237.0% in the third quarter. Barclays PLC now owns 61,942 shares of the real estate investment trust’s stock worth $362,000 after acquiring an additional 43,562 shares during the period. Hedge funds and other institutional investors own 67.47% of the company’s stock.

City Office REIT Stock Performance

Shares of CIO stock opened at $5.27 on Friday. The stock has a fifty day moving average of $5.21 and a 200 day moving average of $5.48. City Office REIT, Inc. has a 52 week low of $4.09 and a 52 week high of $6.50. The firm has a market capitalization of $212.81 million, a price-to-earnings ratio of -8.50, a PEG ratio of 0.86 and a beta of 1.98. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.02.

City Office REIT (NYSE:CIO) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.40. The business 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%. As a group, research analysts expect that City Office REIT, Inc. will post 1 earnings per share for the current year.

City Office REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th were issued a $0.10 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.40 dividend on an annualized basis and a yield of 7.59%. City Office REIT’s dividend payout ratio (DPR) is -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.