City Office REIT, Inc. (NYSE:CIO – Get Free Report)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.84 and traded as high as $4.97. City Office REIT shares last traded at $4.90, with a volume of 156,611 shares.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of City Office REIT from a “sell” rating to a “hold” rating in a report on Thursday, April 11th.
Read Our Latest Analysis on City Office REIT
City Office REIT Trading Down 2.8 %
City Office REIT Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 10th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 8.16%. The ex-dividend date is Wednesday, July 10th. City Office REIT’s dividend payout ratio (DPR) is currently -142.86%.
Institutional Trading of City Office REIT
Several large investors have recently added to or reduced their stakes in CIO. Fidelis Capital Partners LLC bought a new stake in shares of City Office REIT during the 1st quarter valued at $63,000. Tower Research Capital LLC TRC boosted its holdings in shares of City Office REIT by 165.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,707 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 8,546 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of City Office REIT during the 4th quarter valued at $97,000. Virtu Financial LLC bought a new stake in shares of City Office REIT during the 1st quarter valued at $98,000. Finally, Jump Financial LLC bought a new stake in shares of City Office REIT during the 4th quarter valued at $119,000. Institutional investors own 67.47% of the company’s stock.
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.
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