City Office REIT (NYSE:CIO) Share Price Crosses Below 200-Day Moving Average - Should You Sell?

City Office REIT, Inc. (NYSE:CIO - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.56 and traded as low as $5.01. City Office REIT shares last traded at $5.05, with a volume of 130,625 shares.

City Office REIT Trading Up 2.2 %

The company has a market capitalization of $208.38 million, a P/E ratio of -12.18, a PEG ratio of 0.84 and a beta of 1.98. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.42 and a current ratio of 2.42. The stock has a fifty day moving average of $5.43 and a 200 day moving average of $5.56.

City Office REIT (NYSE:CIO - Get Free Report) last posted its earnings results on Thursday, October 31st. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.36). The company had revenue of $42.37 million for 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 business posted $0.34 earnings per share. As a group, equities research analysts anticipate that City Office REIT, Inc. will post 1.05 EPS for the current fiscal year.

City Office REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.40 annualized dividend and a dividend yield of 7.71%. City Office REIT's dividend payout ratio (DPR) is -95.24%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CIO. Sei Investments Co. purchased a new stake in City Office REIT in the second quarter worth $72,000. Mackenzie Financial Corp purchased a new stake in shares of City Office REIT in the second quarter valued at approximately $83,000. SG Americas Securities LLC bought a new position in City Office REIT in the third quarter worth approximately $95,000. DekaBank Deutsche Girozentrale increased its holdings in City Office REIT by 13.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 19,497 shares of the real estate investment trust's stock worth $108,000 after purchasing an additional 2,323 shares during the period. Finally, Victory Capital Management Inc. raised its position in City Office REIT by 5.9% during the 3rd quarter. Victory Capital Management Inc. now owns 166,000 shares of the real estate investment trust's stock valued at $969,000 after purchasing an additional 9,300 shares in the last quarter. 67.47% of the stock is currently owned by institutional investors.

City Office REIT Company Profile

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.