Barclays PLC Purchases 43,562 Shares of City Office REIT, Inc. (NYSE:CIO)

Barclays PLC increased its position in City Office REIT, Inc. (NYSE:CIO) by 237.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,942 shares of the real estate investment trust’s stock after purchasing an additional 43,562 shares during the period. Barclays PLC’s holdings in City Office REIT were worth $362,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in shares of City Office REIT by 1.7% in the second quarter. Renaissance Technologies LLC now owns 1,268,416 shares of the real estate investment trust’s stock valued at $6,317,000 after purchasing an additional 21,600 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of 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 worth $5,998,000 after acquiring an additional 11,178 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of City Office REIT by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 341,386 shares of the real estate investment trust’s stock valued at $1,994,000 after purchasing an additional 12,808 shares during the last quarter. Penserra Capital Management LLC grew its position in City Office REIT by 23.0% in the 3rd quarter. Penserra Capital Management LLC now owns 205,073 shares of the real estate investment trust’s stock worth $1,197,000 after purchasing an additional 38,285 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in City Office REIT by 12.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 166,927 shares of the real estate investment trust’s stock valued at $831,000 after buying an additional 18,201 shares during the last quarter. Institutional investors and hedge funds own 67.47% of the company’s stock.

City Office REIT Stock Performance

Shares of CIO opened at $5.16 on Monday. The stock has a 50 day moving average of $5.40 and a 200 day moving average of $5.56. The company has a market capitalization of $207.17 million, a price-to-earnings ratio of -12.29, a PEG ratio of 0.83 and a beta of 1.98. City Office REIT, Inc. has a 12 month low of $4.02 and a 12 month high of $6.50. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 1.02.

City Office REIT (NYSE:CIO) last posted its quarterly earnings results 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). The company had revenue of $42.37 million for 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 quarter in the previous year, the company posted $0.34 EPS. As a group, sell-side analysts forecast that City Office REIT, Inc. will post 1.05 earnings per share for the current year.

City Office REIT Announces Dividend

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

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.