Man Group plc Invests $425,000 in City Office REIT, Inc. (NYSE:CIO)

Man Group plc acquired a new stake in shares of City Office REIT, Inc. (NYSE:CIO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 76,906 shares of the real estate investment trust's stock, valued at approximately $425,000. Man Group plc owned about 0.19% of City Office REIT as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Quarry LP purchased a new stake in City Office REIT in the fourth quarter worth about $43,000. Ethic Inc. purchased a new stake in City Office REIT in the fourth quarter worth about $56,000. Russell Investments Group Ltd. lifted its stake in 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 acquiring an additional 7,168 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in City Office REIT in the fourth quarter worth about $89,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in 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 acquiring an additional 2,806 shares during the period. Institutional investors own 67.47% of the company's stock.

City Office REIT Stock Down 0.8%

NYSE:CIO traded down $0.04 during mid-day trading on Friday, reaching $4.90. The company's stock had a trading volume of 109,215 shares, compared to its average volume of 197,326. City Office REIT, Inc. has a 1 year low of $4.19 and a 1 year high of $6.50. The stock has a fifty day moving average of $4.88 and a 200-day moving average of $5.13. The firm has a market capitalization of $197.75 million, a PE ratio of -7.90, a price-to-earnings-growth ratio of 0.86 and a beta of 1.65. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.02.

City Office REIT (NYSE:CIO - Get Free Report) last posted its quarterly earnings data 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. 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. Equities research analysts forecast that City Office REIT, Inc. will post 1 earnings per share for the current year.

City Office REIT Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 8.16%. The ex-dividend date was Thursday, April 10th. City Office REIT's dividend payout ratio is presently -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.