City Office REIT, Inc. (NYSE:CIO - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.47 and traded as low as $4.87. City Office REIT shares last traded at $4.93, with a volume of 141,955 shares traded.
City Office REIT Stock Performance
The company has a market capitalization of $204.29 million, a P/E ratio of -8.16, a PEG ratio of 0.86 and a beta of 2.00. 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 company's 50-day moving average is $5.14 and its two-hundred day moving average is $5.45.
City Office REIT (NYSE:CIO - Get Free Report) last posted its quarterly earnings data 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 net margin of 10.33% and a negative return on equity of 2.74%. The firm had revenue of $41.92 million for the quarter, compared to analysts' expectations of $42.79 million. Equities analysts anticipate that City Office REIT, Inc. will post 1 earnings per share for the current fiscal year.
City Office REIT Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.90%. City Office REIT's payout ratio is currently -64.52%.
Hedge Funds Weigh In On City Office REIT
A number of large investors have recently modified their holdings of the company. Quarry LP bought a new position in City Office REIT during the fourth quarter valued at approximately $43,000. Ethic Inc. purchased a new stake in shares of City Office REIT in the 4th quarter valued at $56,000. ProShare Advisors LLC bought a new position in shares of City Office REIT during the 4th quarter valued at $61,000. Russell Investments Group Ltd. raised its position in City Office REIT by 146.9% in the 4th quarter. Russell Investments Group Ltd. now owns 12,048 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 7,168 shares during the period. Finally, Vident Advisory LLC lifted its stake in City Office REIT by 52.6% in the fourth quarter. Vident Advisory LLC now owns 15,384 shares of the real estate investment trust's stock worth $85,000 after purchasing an additional 5,303 shares during the last quarter. 67.47% of the stock is owned by hedge funds and other institutional investors.
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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