SG Americas Securities LLC Grows Stock Holdings in City Office REIT, Inc. (NYSE:CIO)

SG Americas Securities LLC boosted its stake in shares of City Office REIT, Inc. (NYSE:CIO) by 15.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,689 shares of the real estate investment trust’s stock after buying an additional 2,821 shares during the quarter. SG Americas Securities LLC owned 0.05% of City Office REIT worth $133,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its stake in shares of City Office REIT by 73.2% during the 3rd quarter. AQR Capital Management LLC now owns 1,059,006 shares of the real estate investment trust’s stock worth $4,501,000 after buying an additional 447,484 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in shares of City Office REIT by 14.4% in the third quarter. Penserra Capital Management LLC now owns 101,255 shares of the real estate investment trust’s stock valued at $430,000 after purchasing an additional 12,773 shares in the last quarter. Vanguard Group Inc. grew its position in shares of City Office REIT by 1.0% in the third quarter. Vanguard Group Inc. now owns 3,913,640 shares of the real estate investment trust’s stock valued at $16,633,000 after purchasing an additional 40,432 shares during the last quarter. Diligent Investors LLC purchased a new position in shares of City Office REIT during the 3rd quarter worth approximately $98,000. Finally, Nomura Holdings Inc. raised its position in shares of City Office REIT by 2.8% during the 3rd quarter. Nomura Holdings Inc. now owns 1,695,635 shares of the real estate investment trust’s stock worth $7,206,000 after purchasing an additional 46,800 shares during the last quarter. 67.47% of the stock is owned by hedge funds and other institutional investors.

City Office REIT Price Performance

NYSE:CIO opened at $4.38 on Thursday. City Office REIT, Inc. has a 12-month low of $3.45 and a 12-month high of $6.70. The firm has a market cap of $175.86 million, a price-to-earnings ratio of -17.52, a price-to-earnings-growth ratio of 0.68 and a beta of 1.84. The company’s 50-day moving average is $4.60 and its two-hundred day moving average is $4.86. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 1.01.

City Office REIT (NYSE:CIO) last posted its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). City Office REIT had a negative net margin of 1.50% and a negative return on equity of 0.40%. The firm had revenue of $44.32 million during the quarter, compared to analyst estimates of $44.47 million. During the same period in the prior year, the firm earned $0.38 EPS. Research analysts expect that City Office REIT, Inc. will post 1.09 EPS for the current year.

City Office REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 9.13%. The ex-dividend date of this dividend is Tuesday, April 9th. City Office REIT’s dividend payout ratio (DPR) is -160.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised City Office REIT from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th.

Insider Activity

In other City Office REIT news, Director Michael Mazan bought 39,000 shares of City Office REIT stock in a transaction that occurred on Tuesday, March 19th. The shares were purchased at an average cost of $4.22 per share, for a total transaction of $164,580.00. Following the completion of the transaction, the director now owns 39,000 shares of the company’s stock, valued at approximately $164,580. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.90% 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.