Jane Street Group LLC Grows Stock Position in City Office REIT, Inc. (NYSE:CIO)

Jane Street Group LLC grew its position in shares of City Office REIT, Inc. (NYSE:CIO - Free Report) by 284.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,484 shares of the real estate investment trust's stock after purchasing an additional 156,497 shares during the quarter. Jane Street Group LLC owned approximately 0.53% of City Office REIT worth $1,167,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of City Office REIT during the 4th quarter valued at approximately $43,000. Russell Investments Group Ltd. increased its stake in shares of City Office REIT by 146.9% in the 4th quarter. Russell Investments Group Ltd. now owns 12,048 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 7,168 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in shares of City Office REIT in the 4th quarter valued at about $89,000. 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 in the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of City Office REIT by 68.6% in the 4th quarter. Hsbc Holdings PLC now owns 17,054 shares of the real estate investment trust's stock valued at $93,000 after purchasing an additional 6,937 shares in the last quarter. 67.47% of the stock is owned by hedge funds and other institutional investors.

City Office REIT Price Performance

Shares of City Office REIT stock opened at $4.84 on Wednesday. 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, Inc. has a twelve month low of $4.19 and a twelve month high of $6.50. The business has a 50-day moving average price of $4.93 and a 200 day moving average price of $5.15. The firm has a market cap of $195.33 million, a PE ratio of -7.81, a P/E/G ratio of 0.86 and a beta of 1.65.

City Office REIT (NYSE:CIO - Get Free Report) last issued 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. The company had revenue of $42.26 million during the quarter, compared to analyst estimates of $42.38 million. City Office REIT had a negative net margin of 10.33% and a negative return on equity of 2.74%. Sell-side analysts predict that City Office REIT, Inc. will post 1 earnings per share for the current fiscal year.

City Office REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 8.26%. The ex-dividend date of this dividend was Thursday, April 10th. City Office REIT's 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.

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