Segall Bryant & Hamill LLC Takes $1.47 Million Position in City Office REIT, Inc. (NYSE:CIO)

Segall Bryant & Hamill LLC bought a new stake in shares of City Office REIT, Inc. (NYSE:CIO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 283,980 shares of the real estate investment trust's stock, valued at approximately $1,474,000. Segall Bryant & Hamill LLC owned approximately 0.70% of City Office REIT as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in City Office REIT by 21.3% during 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. Quantinno Capital Management LP lifted its position 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 worth $233,000 after purchasing an additional 3,491 shares during the period. Victory Capital Management Inc. lifted its position in shares of City Office REIT by 2.2% in the 1st quarter. Victory Capital Management Inc. now owns 178,000 shares of the real estate investment trust's stock worth $924,000 after purchasing an additional 3,821 shares during the period. Barclays PLC lifted its position in shares of City Office REIT by 6.8% in the 4th quarter. Barclays PLC now owns 66,170 shares of the real estate investment trust's stock worth $366,000 after purchasing an additional 4,228 shares during the period. Finally, Prudential Financial Inc. lifted its position in shares of 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 purchasing an additional 5,000 shares during the period. 67.47% of the stock is owned by hedge funds and other institutional investors.

City Office REIT Stock Up 1.5%

Shares of NYSE CIO traded up $0.08 during trading hours on Wednesday, hitting $5.57. 101,883 shares of the stock were exchanged, compared to its average volume of 191,851. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 1.05. The company has a market cap of $224.81 million, a PE ratio of -8.57, a PEG ratio of 0.89 and a beta of 1.65. The firm has a fifty day moving average price of $5.30 and a 200-day moving average price of $5.12. City Office REIT, Inc. has a 12 month low of $4.19 and a 12 month high of $6.50.

City Office REIT (NYSE:CIO - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.03. City Office REIT had a negative net margin of 11.11% and a negative return on equity of 2.98%. The firm had revenue of $42.26 million for the quarter, compared to analyst estimates of $42.38 million. On average, sell-side analysts expect that City Office REIT, Inc. will post 1 EPS for the current year.

City Office REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.18%. The ex-dividend date of this dividend is Thursday, July 10th. City Office REIT's dividend payout ratio is presently -61.54%.

City Office REIT Company 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.