City Office REIT, Inc. (NYSE:CIO - Get Free Report)'s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $5.13 and traded as high as $5.60. City Office REIT shares last traded at $5.60, with a volume of 52,229 shares trading hands.
City Office REIT Stock Performance
The stock's 50 day moving average is $5.15 and its two-hundred day moving average is $5.11. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $221.98 million, a price-to-earnings ratio of -8.46, a price-to-earnings-growth ratio of 0.91 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, beating the consensus estimate of $0.27 by $0.03. The business had revenue of $42.26 million during the quarter, compared to the consensus estimate of $42.38 million. City Office REIT had a negative net margin of 11.11% and a negative return on equity of 2.98%. Analysts expect that City Office REIT, Inc. will post 1 earnings per share for the current fiscal year.
City Office REIT Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $0.40 dividend on an annualized basis and a yield of 7.27%. City Office REIT's dividend payout ratio (DPR) is -61.54%.
Institutional Trading of City Office REIT
A number of hedge funds have recently added to or reduced their stakes in CIO. Deutsche Bank AG acquired a new position in shares of City Office REIT during the first quarter worth $30,000. Strs Ohio bought a new position in City Office REIT during the first quarter worth $40,000. Quarry LP bought a new position in City Office REIT during the fourth quarter worth $43,000. Ethic Inc. bought a new position in City Office REIT during the fourth quarter worth $56,000. Finally, ProShare Advisors LLC bought a new position in City Office REIT during the fourth quarter worth $61,000. Institutional investors and hedge funds own 67.47% of the company's stock.
City Office REIT Company Profile
(
Get Free Report)
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.
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