Tudor Investment Corp ET AL Purchases 66,098 Shares of City Office REIT, Inc. (NYSE:CIO)

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP acquired a new position in shares of City Office REIT during the 4th quarter valued at $43,000. Russell Investments Group Ltd. increased its stake in City Office REIT by 146.9% during the 4th quarter. Russell Investments Group Ltd. now owns 12,048 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 7,168 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in City Office REIT during the 4th quarter valued at $89,000. Price T Rowe Associates Inc. MD increased its stake in City Office REIT by 21.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,975 shares of the real estate investment trust's stock valued at $89,000 after purchasing an additional 2,806 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of City Office REIT by 68.6% in the 4th quarter. Hsbc Holdings PLC now owns 17,054 shares of the real estate investment trust's stock worth $93,000 after acquiring an additional 6,937 shares in the last quarter. Institutional investors and hedge funds own 67.47% of the company's stock.

City Office REIT Stock Performance

Shares of NYSE:CIO remained flat at $4.96 during midday trading on Monday. 168,523 shares of the company were exchanged, compared to its average volume of 200,867. The stock has a 50-day simple moving average of $4.94 and a 200 day simple moving average of $5.17. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.42 and a current ratio of 2.42. The stock has a market capitalization of $200.18 million, a PE ratio of -8.00, a P/E/G ratio of 0.86 and a beta of 1.65. City Office REIT, Inc. has a 52 week low of $4.19 and a 52 week high of $6.50.

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

City Office REIT Announces Dividend

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 8.06%. The ex-dividend date of this dividend 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.