Shares of City Office REIT, Inc. (NYSE:CIO - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.51 and traded as low as $5.42. City Office REIT shares last traded at $5.46, with a volume of 124,101 shares trading hands.
City Office REIT Price Performance
The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.02. The stock's 50 day moving average price is $5.43 and its two-hundred day moving average price is $5.51. The stock has a market cap of $214.42 million, a price-to-earnings ratio of -12.71, a price-to-earnings-growth ratio of 0.91 and a beta of 1.99.
City Office REIT (NYSE:CIO - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.25 by ($0.36). The business had revenue of $42.37 million during the quarter, compared to analysts' expectations of $42.02 million. City Office REIT had a negative net margin of 5.56% and a negative return on equity of 1.48%. During the same period in the previous year, the company posted $0.34 earnings per share. Equities research analysts forecast that City Office REIT, Inc. will post 1.05 EPS for the current fiscal year.
City Office REIT Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 7.49%. The ex-dividend date is Thursday, January 9th. City Office REIT's dividend payout ratio is currently -95.24%.
Hedge Funds Weigh In On City Office REIT
Large investors have recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in shares of City Office REIT in the second quarter worth about $35,000. Sei Investments Co. purchased a new position in shares of City Office REIT in the 2nd quarter valued at about $72,000. Mackenzie Financial Corp acquired a new position in City Office REIT in the 2nd quarter worth about $83,000. SG Americas Securities LLC purchased a new position in City Office REIT during the third quarter worth approximately $95,000. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in City Office REIT by 21.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,451 shares of the real estate investment trust's stock valued at $97,000 after purchasing an additional 3,391 shares during the period. 67.47% of the stock is currently owned by institutional investors and hedge funds.
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.
See Also
Before you consider City Office REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and City Office REIT wasn't on the list.
While City Office REIT currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
