DekaBank Deutsche Girozentrale Sells 2,323 Shares of City Office REIT, Inc. (NYSE:CIO)

DekaBank Deutsche Girozentrale trimmed its stake in City Office REIT, Inc. (NYSE:CIO) by 11.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,174 shares of the real estate investment trust’s stock after selling 2,323 shares during the period. DekaBank Deutsche Girozentrale’s holdings in City Office REIT were worth $78,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC increased its position in City Office REIT by 42.9% in the second quarter. Acadian Asset Management LLC now owns 245,688 shares of the real estate investment trust’s stock worth $1,222,000 after buying an additional 73,736 shares in the last quarter. Franklin Resources Inc. raised its stake in City Office REIT by 23.5% during the 4th quarter. Franklin Resources Inc. now owns 315,973 shares of the real estate investment trust’s stock worth $1,931,000 after acquiring an additional 60,197 shares during the period. Quadrature Capital Ltd purchased a new position in City Office REIT during the first quarter valued at approximately $159,000. Jacobs Levy Equity Management Inc. bought a new position in shares of City Office REIT in the first quarter worth approximately $153,000. Finally, Vanguard Group Inc. increased its stake in shares of City Office REIT by 0.8% in the first quarter. Vanguard Group Inc. now owns 3,935,501 shares of the real estate investment trust’s stock worth $20,504,000 after purchasing an additional 29,345 shares in the last quarter. 67.47% of the stock is owned by institutional investors.

City Office REIT Stock Down 3.5 %

Shares of CIO stock opened at $6.00 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.80 and a quick ratio of 2.80. City Office REIT, Inc. has a one year low of $3.45 and a one year high of $6.70. The company’s fifty day moving average price is $5.75 and its 200-day moving average price is $5.13. The company has a market capitalization of $240.92 million, a price-to-earnings ratio of -21.43, a PEG ratio of 0.94 and a beta of 1.96.

City Office REIT (NYSE:CIO) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.27 by ($0.41). The business had revenue of $42.34 million during the quarter, compared to analysts’ expectations of $43.27 million. City Office REIT had a negative net margin of 4.02% and a negative return on equity of 1.07%. During the same quarter in the previous year, the firm earned $0.35 earnings per share. Sell-side analysts expect that City Office REIT, Inc. will post 1.04 EPS for the current fiscal year.

City Office REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date of this dividend is Thursday, October 10th. City Office REIT’s dividend payout ratio (DPR) is currently -142.86%.

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.