Tudor Investment Corp ET AL Grows Stock Position in City Office REIT, Inc. (NYSE:CIO)

Tudor Investment Corp ET AL increased its position in shares of City Office REIT, Inc. (NYSE:CIO - Free Report) by 356.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,649 shares of the real estate investment trust's stock after buying an additional 66,098 shares during the quarter. Tudor Investment Corp ET AL owned about 0.21% of City Office REIT worth $467,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP purchased a new stake in City Office REIT during the fourth quarter valued at about $43,000. Russell Investments Group Ltd. lifted its holdings in shares of City Office REIT by 146.9% in the fourth quarter. Russell Investments Group Ltd. now owns 12,048 shares of the real estate investment trust's stock worth $67,000 after buying an additional 7,168 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of City Office REIT by 21.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,975 shares of the real estate investment trust's stock worth $89,000 after buying an additional 2,806 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in shares of City Office REIT in the fourth quarter worth about $89,000. Finally, Hsbc Holdings PLC increased its position in shares of City Office REIT by 68.6% in the fourth quarter. Hsbc Holdings PLC now owns 17,054 shares of the real estate investment trust's stock worth $93,000 after purchasing an additional 6,937 shares during the last quarter. Institutional investors own 67.47% of the company's stock.

City Office REIT Price Performance

Shares of CIO stock traded down $0.05 during trading on Wednesday, hitting $4.86. The company had a trading volume of 37,994 shares, compared to its average volume of 199,148. City Office REIT, Inc. has a 52 week low of $4.19 and a 52 week high of $6.50. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.02. The stock's 50-day moving average is $4.93 and its two-hundred day moving average is $5.17. The stock has a market capitalization of $196.14 million, a price-to-earnings ratio of -7.84, a price-to-earnings-growth ratio of 0.86 and a beta of 1.65.

City Office REIT (NYSE:CIO - Get Free Report) last issued its earnings results on Friday, May 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.03. The firm had revenue of $42.26 million for the quarter, compared to analysts' expectations of $42.38 million. City Office REIT had a negative net margin of 10.33% and a negative return on equity of 2.74%. As a group, analysts predict that City Office REIT, Inc. will post 1 EPS for the current fiscal year.

City Office REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 8.23%. The ex-dividend date was Thursday, April 10th. City Office REIT's dividend payout ratio is currently -61.54%.

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.