Two Sigma Investments LP Has $818,000 Position in City Office REIT, Inc. (NYSE:CIO)

Two Sigma Investments LP grew its stake in shares of City Office REIT, Inc. (NYSE:CIO - Free Report) by 59.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 148,192 shares of the real estate investment trust's stock after acquiring an additional 55,258 shares during the period. Two Sigma Investments LP owned about 0.37% of City Office REIT worth $818,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CIO. Millennium Management LLC purchased a new stake in shares of City Office REIT during the fourth quarter valued at $1,283,000. Jane Street Group LLC lifted its stake in City Office REIT by 284.6% during the fourth quarter. Jane Street Group LLC now owns 211,484 shares of the real estate investment trust's stock valued at $1,167,000 after buying an additional 156,497 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in City Office REIT during the fourth quarter valued at about $560,000. Man Group plc acquired a new position in shares of City Office REIT in the fourth quarter worth about $425,000. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of City Office REIT by 21.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 421,626 shares of the real estate investment trust's stock worth $2,327,000 after buying an additional 73,722 shares during the period. 67.47% of the stock is owned by institutional investors.

City Office REIT Trading Up 1.0%

Shares of City Office REIT stock traded up $0.06 during trading on Tuesday, hitting $5.32. The stock had a trading volume of 148,963 shares, compared to its average volume of 198,654. City Office REIT, Inc. has a 1 year low of $4.19 and a 1 year high of $6.50. The stock has a 50 day simple moving average of $4.87 and a 200 day simple moving average of $5.14. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $214.50 million, a PE ratio of -8.57, a P/E/G ratio of 0.86 and a beta of 1.64.

City Office REIT (NYSE:CIO - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. City Office REIT had a negative net margin of 10.33% and a negative return on equity of 2.74%. The firm had revenue of $42.26 million for the quarter, compared to analysts' expectations of $42.38 million. On average, research analysts expect that City Office REIT, Inc. will post 1 EPS for the current fiscal year.

City Office REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 7.53%. The ex-dividend date was Thursday, April 10th. City Office REIT's payout ratio is -61.54%.

About City Office REIT

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.