DigitalBridge Group Inc. Buys Shares of 65,902 City Office REIT, Inc. (NYSE:CIO)

DigitalBridge Group Inc. bought a new stake in City Office REIT, Inc. (NYSE:CIO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 65,902 shares of the real estate investment trust's stock, valued at approximately $364,000. DigitalBridge Group Inc. owned about 0.16% of City Office REIT at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd purchased a new stake in shares of City Office REIT during the fourth quarter worth about $560,000. Russell Investments Group Ltd. boosted its position in City Office REIT by 146.9% during 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 last quarter. Prudential Financial Inc. grew its stake in City Office REIT by 6.2% in the 4th quarter. Prudential Financial Inc. now owns 85,425 shares of the real estate investment trust's stock worth $472,000 after acquiring an additional 5,000 shares during the period. Proficio Capital Partners LLC purchased a new stake in City Office REIT in the 4th quarter worth approximately $104,000. Finally, D. E. Shaw & Co. Inc. raised its holdings in City Office REIT by 21.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 421,626 shares of the real estate investment trust's stock valued at $2,327,000 after acquiring an additional 73,722 shares during the last quarter. 67.47% of the stock is currently owned by hedge funds and other institutional investors.

City Office REIT Trading Up 3.3%

NYSE CIO traded up $0.16 during trading hours on Tuesday, hitting $4.90. 108,077 shares of the company's stock were exchanged, compared to its average volume of 197,244. The business's 50 day moving average is $4.90 and its 200-day moving average is $5.13. City Office REIT, Inc. has a 12-month low of $4.19 and a 12-month high of $6.50. The firm has a market capitalization of $197.63 million, a P/E ratio of -7.90, a price-to-earnings-growth ratio of 0.86 and a beta of 1.65. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.42 and a current ratio of 2.42.

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 EPS for the quarter, topping the consensus estimate of $0.27 by $0.03. City Office REIT had a negative return on equity of 2.74% and a negative net margin of 10.33%. The company had revenue of $42.26 million during the quarter, compared to analyst estimates of $42.38 million. As a group, analysts anticipate that City Office REIT, Inc. will post 1 EPS for the current fiscal year.

City Office REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th were paid a $0.10 dividend. The ex-dividend date was Thursday, April 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.17%. City Office REIT's dividend payout ratio (DPR) 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.