Geode Capital Management LLC Has $5.24 Million Holdings in City Office REIT, Inc. (NYSE:CIO)

Geode Capital Management LLC lowered its position in shares of City Office REIT, Inc. (NYSE:CIO - Free Report) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 949,556 shares of the real estate investment trust's stock after selling 77,372 shares during the period. Geode Capital Management LLC owned approximately 2.37% of City Office REIT worth $5,243,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Barclays PLC increased its stake in City Office REIT by 237.0% during the third quarter. Barclays PLC now owns 61,942 shares of the real estate investment trust's stock valued at $362,000 after purchasing an additional 43,562 shares during the last quarter. Jane Street Group LLC lifted its holdings in City Office REIT by 40.0% in the third quarter. Jane Street Group LLC now owns 54,987 shares of the real estate investment trust's stock worth $321,000 after acquiring an additional 15,704 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in City Office REIT in the fourth quarter valued at approximately $560,000. Prudential Financial Inc. grew its holdings in shares of City Office REIT by 6.2% during the fourth quarter. Prudential Financial Inc. now owns 85,425 shares of the real estate investment trust's stock valued at $472,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of City Office REIT during the 4th quarter worth approximately $104,000. 67.47% of the stock is owned by institutional investors and hedge funds.

City Office REIT Stock Performance

Shares of NYSE CIO traded up $0.03 during mid-day trading on Tuesday, hitting $5.15. The company had a trading volume of 215,630 shares, compared to its average volume of 198,738. City Office REIT, Inc. has a 12 month low of $4.19 and a 12 month high of $6.50. The stock has a market cap of $207.84 million, a price-to-earnings ratio of -8.31, a PEG ratio of 0.86 and a beta of 1.84. 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 firm's 50 day simple moving average is $4.96 and its two-hundred day simple moving average is $5.21.

City Office REIT (NYSE:CIO - Get Free Report) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.40. City Office REIT had a negative return on equity of 2.74% and a negative net margin of 10.33%. The firm had revenue of $41.92 million for the quarter, compared to the consensus estimate of $42.79 million. As a group, equities research analysts forecast that City Office REIT, Inc. will post 1 earnings per share for the current year.

City Office REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 7.77%. The ex-dividend date was Thursday, April 10th. City Office REIT's payout ratio is currently -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.