Two Sigma Investments LP Buys 55,258 Shares of City Office REIT, Inc. (NYSE:CIO)

Two Sigma Investments LP raised its holdings in City Office REIT, Inc. (NYSE:CIO - Free Report) by 59.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,192 shares of the real estate investment trust's stock after buying an additional 55,258 shares during the quarter. Two Sigma Investments LP owned 0.37% of City Office REIT worth $818,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted 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 worth $89,000 after buying an additional 2,806 shares in the last quarter. Quantinno Capital Management LP boosted its position in City Office REIT by 9.0% during the 4th quarter. Quantinno Capital Management LP now owns 42,213 shares of the real estate investment trust's stock worth $233,000 after acquiring an additional 3,491 shares during the last quarter. Barclays PLC boosted its position in 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 worth $366,000 after acquiring an additional 4,228 shares during the last quarter. Prudential Financial Inc. boosted its holdings 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 valued at $472,000 after buying an additional 5,000 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of City Office REIT by 27.7% in 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 buying an additional 5,205 shares during the last quarter. Institutional investors own 67.47% of the company's stock.

City Office REIT Trading Up 1.7%

Shares of City Office REIT stock opened at $5.18 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.42 and a quick ratio of 2.42. The company has a market capitalization of $209.01 million, a price-to-earnings ratio of -8.35, a P/E/G ratio of 0.86 and a beta of 1.64. The business has a fifty day simple moving average of $4.87 and a two-hundred day simple moving average of $5.13. City Office REIT, Inc. has a 1 year low of $4.19 and a 1 year high of $6.50.

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 analysts' consensus estimates of $0.27 by $0.03. The company had revenue of $42.26 million for the quarter, compared to analysts' expectations of $42.38 million. City Office REIT had a negative return on equity of 2.74% and a negative net margin of 10.33%. Research analysts forecast that City Office REIT, Inc. will post 1 EPS for the current year.

City Office REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.72%. The ex-dividend date of this dividend was Thursday, April 10th. City Office REIT's dividend payout ratio is currently -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.

Want to see what other hedge funds are holding CIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for City Office REIT, Inc. (NYSE:CIO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.