Segall Bryant & Hamill LLC Acquires New Stake in City Office REIT, Inc. (NYSE:CIO)

Segall Bryant & Hamill LLC acquired a new position in City Office REIT, Inc. (NYSE:CIO - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of CIO. Intech Investment Management LLC purchased a new position in City Office REIT in the fourth quarter worth $105,000. Prudential Financial Inc. grew its holdings 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 during the last quarter. JPMorgan Chase & Co. grew its holdings in City Office REIT by 9.8% in the fourth quarter. JPMorgan Chase & Co. now owns 399,820 shares of the real estate investment trust's stock valued at $2,207,000 after purchasing an additional 35,727 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in City Office REIT in the fourth quarter valued at $89,000. Finally, Wells Fargo & Company MN grew its holdings in City Office REIT by 27.7% in the fourth quarter. Wells Fargo & Company MN now owns 23,994 shares of the real estate investment trust's stock valued at $132,000 after purchasing an additional 5,205 shares during the last quarter. Hedge funds and other institutional investors own 67.47% of the company's stock.

City Office REIT Price Performance

City Office REIT stock traded down $0.18 during trading hours on Friday, hitting $5.40. The stock had a trading volume of 197,912 shares, compared to its average volume of 192,443. The company has a debt-to-equity ratio of 1.05, a current ratio of 3.29 and a quick ratio of 3.29. The stock has a market capitalization of $217.94 million, a price-to-earnings ratio of -8.31, a PEG ratio of 0.87 and a beta of 1.65. City Office REIT, Inc. has a 1-year low of $4.19 and a 1-year high of $6.50. The stock's fifty day moving average is $5.26 and its two-hundred day moving average is $5.12.

City Office REIT (NYSE:CIO - Get Free Report) last posted its earnings results on Friday, May 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.03. The company had revenue of $42.26 million for the quarter, compared to analyst estimates of $42.38 million. City Office REIT had a negative return on equity of 2.98% and a negative net margin of 11.11%. As a group, analysts predict that City Office REIT, Inc. will post 1 earnings per share for the current fiscal year.

City Office REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 7.41%. The ex-dividend date is Thursday, July 10th. City Office REIT's dividend payout ratio (DPR) is -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.