Invesco Ltd. Has $808,000 Stock Holdings in City Office REIT, Inc. $CIO

Key Points

• Invesco Ltd. reduced its ownership in City Office REIT by 22.4% for a total of 155,771 shares, now valued at approximately $808,000.
• Institutional investors collectively hold 67.47% of City Office REIT, with notable increases in holdings from Wells Fargo, Barclays, and MetLife.
• City Office REIT reported a quarterly earnings per share of $0.28 and announced a quarterly dividend of $0.10 per share, corresponding to an annual yield of 5.8%.

Invesco Ltd. decreased its holdings in City Office REIT, Inc. (NYSE:CIO - Free Report) by 22.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 155,771 shares of the real estate investment trust's stock after selling 45,065 shares during the period. Invesco Ltd. owned approximately 0.39% of City Office REIT worth $808,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its stake in shares of 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 purchasing an additional 2,806 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of City Office REIT by 9.0% in the 4th quarter. Quantinno Capital Management LP now owns 42,213 shares of the real estate investment trust's stock valued at $233,000 after purchasing an additional 3,491 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of City Office REIT by 2.2% during the 1st quarter. Victory Capital Management Inc. now owns 178,000 shares of the real estate investment trust's stock valued at $924,000 after acquiring an additional 3,821 shares in the last quarter. Barclays PLC boosted its holdings in shares of City Office REIT by 6.8% during the 4th quarter. Barclays PLC now owns 66,170 shares of the real estate investment trust's stock valued at $366,000 after acquiring an additional 4,228 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of City Office REIT by 27.7% during the 4th quarter. Wells Fargo & Company MN now owns 23,994 shares of the real estate investment trust's stock valued at $132,000 after acquiring an additional 5,205 shares in the last quarter. Institutional investors own 67.47% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott reissued a "neutral" rating on shares of City Office REIT in a report on Friday, July 25th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

City Office REIT Price Performance

Shares of NYSE CIO traded up $0.01 during mid-day trading on Tuesday, hitting $6.95. 532,487 shares of the stock traded hands, compared to its average volume of 294,604. The company has a market cap of $280.30 million, a PE ratio of -2.19, a price-to-earnings-growth ratio of 1.12 and a beta of 1.82. City Office REIT, Inc. has a twelve month low of $4.19 and a twelve month high of $6.99. The firm has a 50 day simple moving average of $6.51 and a two-hundred day simple moving average of $5.54. 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 announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $42.20 million for the quarter, compared to the consensus estimate 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 research analysts forecast that City Office REIT, Inc. will post 1 EPS for the current fiscal year.

City Office REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $0.40 annualized dividend and a yield of 5.8%. City Office REIT's payout ratio is presently -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.