GSA Capital Partners LLP Has $635,000 Holdings in City Office REIT, Inc. (NYSE:CIO)

Key Points

• GSA Capital Partners LLP increased its holdings in City Office REIT by 69.1%, owning 122,402 shares valued at $635,000 as of the latest SEC filing.
• City Office REIT's recent earnings report showed an EPS of $0.28, meeting analyst expectations, while its revenue fell slightly short, at $42.20 million.
• The company declared a quarterly dividend of $0.10 per share, resulting in an annualized yield of 5.8%, despite experiencing a negative dividend payout ratio of -12.62%.

GSA Capital Partners LLP raised its position in City Office REIT, Inc. (NYSE:CIO - Free Report) by 69.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,402 shares of the real estate investment trust's stock after purchasing an additional 50,018 shares during the quarter. GSA Capital Partners LLP owned 0.30% of City Office REIT worth $635,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in City Office REIT by 21.3% in 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 buying an additional 2,806 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of City Office REIT by 9.0% in the fourth quarter. Quantinno Capital Management LP now owns 42,213 shares of the real estate investment trust's stock valued at $233,000 after acquiring an additional 3,491 shares during the last quarter. Victory Capital Management Inc. raised its holdings in City Office REIT by 2.2% during the first quarter. Victory Capital Management Inc. now owns 178,000 shares of the real estate investment trust's stock worth $924,000 after acquiring an additional 3,821 shares in the last quarter. Barclays PLC boosted its position in City Office REIT by 6.8% during the fourth quarter. Barclays PLC now owns 66,170 shares of the real estate investment trust's stock valued at $366,000 after purchasing an additional 4,228 shares during the last quarter. Finally, Prudential Financial Inc. grew its stake in City Office REIT by 6.2% in the fourth quarter. Prudential Financial Inc. now owns 85,425 shares of the real estate investment trust's stock valued at $472,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 67.47% of the company's stock.

Analyst Ratings Changes

Separately, Janney Montgomery Scott reissued a "neutral" rating on shares of City Office REIT in a report on Friday, July 25th.

City Office REIT Stock Performance

Shares of CIO opened at $6.95 on Monday. The company has a market cap of $280.50 million, a PE ratio of -2.19, a price-to-earnings-growth ratio of 1.12 and a beta of 1.73. The firm has a 50-day moving average of $5.59 and a 200-day moving average of $5.20. City Office REIT, Inc. has a one year low of $4.19 and a one year high of $6.95. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.31 and a quick ratio of 3.31.

City Office REIT (NYSE:CIO - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.28 EPS for the quarter, hitting analysts' consensus estimates of $0.28. The business had revenue of $42.20 million during the quarter, compared to analysts' expectations of $42.54 million. City Office REIT had a negative return on equity of 20.26% and a negative net margin of 71.27%. As a group, equities analysts forecast that City Office REIT, Inc. will post 1 earnings per share for the current year.

City Office REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Thursday, July 10th. City Office REIT's dividend payout ratio is -12.62%.

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.

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