Quantinno Capital Management LP Boosts Stake in City Office REIT, Inc. (NYSE:CIO)

Quantinno Capital Management LP raised its holdings in City Office REIT, Inc. (NYSE:CIO) by 44.0% in the third quarter, Holdings Channel reports. The fund owned 38,722 shares of the real estate investment trust’s stock after buying an additional 11,825 shares during the period. Quantinno Capital Management LP’s holdings in City Office REIT were worth $226,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its holdings in shares of City Office REIT by 13.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 19,497 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 2,323 shares during the period. Rhumbline Advisers raised its holdings in City Office REIT by 5.0% during the second quarter. Rhumbline Advisers now owns 68,975 shares of the real estate investment trust’s stock worth $343,000 after purchasing an additional 3,299 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of City Office REIT by 21.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,451 shares of the real estate investment trust’s stock valued at $97,000 after purchasing an additional 3,391 shares during the period. Blue Trust Inc. grew its holdings in City Office REIT by 2,225.6% in the second quarter. Blue Trust Inc. now owns 5,279 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 5,052 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of City Office REIT during the 2nd quarter worth approximately $35,000. 67.47% of the stock is owned by hedge funds and other institutional investors.

City Office REIT Stock Down 2.9 %

CIO opened at $5.68 on Tuesday. The firm has a 50 day moving average price of $5.48 and a 200 day moving average price of $5.48. The company has a market cap of $228.07 million, a PE ratio of -13.52, a price-to-earnings-growth ratio of 0.91 and a beta of 1.99. City Office REIT, Inc. has a 1 year low of $4.02 and a 1 year high of $6.63. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.42 and a current ratio of 2.42.

City Office REIT (NYSE:CIO) last announced its quarterly earnings data 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). City Office REIT had a negative return on equity of 1.48% and a negative net margin of 5.56%. The company had revenue of $42.37 million for the quarter, compared to analyst estimates of $42.02 million. During the same period in the prior year, the business earned $0.34 earnings per share. Sell-side analysts expect that City Office REIT, Inc. will post 1.05 earnings per share for the current year.

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.