City Office REIT, Inc. (NYSE:CIO) Short Interest Update

City Office REIT, Inc. (NYSE:CIO) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 236,600 shares, a drop of 13.8% from the December 15th total of 274,600 shares. Based on an average daily volume of 265,300 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.6% of the company’s shares are short sold.

City Office REIT Trading Down 1.3 %

Shares of NYSE CIO traded down $0.07 during midday trading on Friday, reaching $5.16. 197,997 shares of the stock were exchanged, compared to its average volume of 193,967. The business has a 50-day simple moving average of $5.40 and a two-hundred day simple moving average of $5.56. The company has a market capitalization of $207.17 million, a price-to-earnings ratio of -12.29, a P/E/G ratio of 0.83 and a beta of 1.98. City Office REIT has a 12 month low of $4.02 and a 12 month high of $6.50. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.42 and a quick ratio of 2.42.

City Office REIT (NYSE:CIO) last posted its quarterly earnings data 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 company had revenue of $42.37 million during the quarter, compared to the consensus estimate 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 prior year, the firm posted $0.34 earnings per share. As a group, equities research analysts expect that City Office REIT will post 1.05 EPS for the current year.

City Office REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Friday, January 10th will be given a $0.10 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.40 annualized dividend and a yield of 7.75%. City Office REIT’s dividend payout ratio is currently -95.24%.

Institutional Investors Weigh In On City Office REIT

Several institutional investors have recently added to or reduced their stakes in CIO. Barclays PLC increased its stake in City Office REIT by 237.0% in the 3rd quarter. Barclays PLC now owns 61,942 shares of the real estate investment trust’s stock valued at $362,000 after buying an additional 43,562 shares during the last quarter. Geode Capital Management LLC increased its stake in City Office REIT by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,026,928 shares of the real estate investment trust’s stock valued at $5,998,000 after buying an additional 11,178 shares during the last quarter. Jane Street Group LLC increased its stake in City Office REIT by 40.0% in the 3rd quarter. Jane Street Group LLC now owns 54,987 shares of the real estate investment trust’s stock valued at $321,000 after buying an additional 15,704 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in City Office REIT by 34.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 93,546 shares of the real estate investment trust’s stock valued at $546,000 after buying an additional 24,109 shares during the last quarter. Finally, Sei Investments Co. acquired a new stake in City Office REIT in the 2nd quarter valued at $72,000. 67.47% of the stock is 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.