Callan Capital LLC Invests $138,000 in City Office REIT, Inc. (NYSE:CIO)

Callan Capital LLC bought a new stake in City Office REIT, Inc. (NYSE:CIO) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 26,484 shares of the real estate investment trust’s stock, valued at approximately $138,000. Callan Capital LLC owned about 0.07% of City Office REIT as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in City Office REIT by 73.2% in the third quarter. AQR Capital Management LLC now owns 1,059,006 shares of the real estate investment trust’s stock valued at $4,501,000 after buying an additional 447,484 shares during the last quarter. Vanguard Group Inc. boosted its position in City Office REIT by 1.0% in the third quarter. Vanguard Group Inc. now owns 3,913,640 shares of the real estate investment trust’s stock valued at $16,633,000 after buying an additional 40,432 shares during the last quarter. Penserra Capital Management LLC boosted its position in City Office REIT by 14.4% in the third quarter. Penserra Capital Management LLC now owns 101,255 shares of the real estate investment trust’s stock valued at $430,000 after buying an additional 12,773 shares during the last quarter. Victory Capital Management Inc. boosted its position in City Office REIT by 7.3% in the fourth quarter. Victory Capital Management Inc. now owns 141,000 shares of the real estate investment trust’s stock valued at $862,000 after buying an additional 9,600 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in City Office REIT in the fourth quarter valued at approximately $97,000. Hedge funds and other institutional investors own 67.47% of the company’s stock.

City Office REIT Stock Performance

City Office REIT stock traded down $0.10 during mid-day trading on Wednesday, hitting $4.93. The company had a trading volume of 339,105 shares, compared to its average volume of 225,965. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 1.02. City Office REIT, Inc. has a 12-month low of $3.45 and a 12-month high of $6.70. The company’s fifty day moving average is $4.92 and its 200-day moving average is $4.99. The company has a market capitalization of $197.94 million, a price-to-earnings ratio of -17.57, a P/E/G ratio of 0.81 and a beta of 1.94.

City Office REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 10th will be given a $0.10 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $0.40 annualized dividend and a yield of 8.11%. City Office REIT’s dividend payout ratio is presently -142.85%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded City Office REIT from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th.

City Office REIT 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.