Real Estate Management Services LLC reduced its stake in City Office REIT Inc (NYSE:CIO) by means of 32.1% within the first region, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The company owned 510,711 stocks of the real property investment agree with’s stock after selling 241,000 stocks at some stage in the length. City Office REIT makes up about 3.6% of Real Estate Management Services LLC’s holdings, making the stock its twelfth biggest preserving. Real Estate Management Services LLC owned 1.29% of City Office REIT well worth $five,776,000 as of its maximum latest filing with the Securities and Exchange Commission (SEC).
Several different institutional traders also lately bought and offered stocks of the organization. Cutler Group LP elevated its holdings in City Office REIT through 346.7% all through the 4th quarter. Cutler Group LP now owns 2,640 stocks of the actual estate investment agree with’s inventory valued at $27,000 after purchasing an additional 2,049 shares throughout the duration. BNP Paribas Arbitrage SA boosted its position in City Office REIT by means of 556.7% at some stage in the first sector. BNP Paribas Arbitrage SA now owns 7, a hundred forty-five shares of the real property funding consider’s inventory worth $ eighty-one,000 after obtaining a further 6,057 shares inside the closing region. State of Alaska Department of Revenue boosted its function in shares of City Office REIT through 11.5% in the 4th sector. State of Alaska Department of Revenue now owns 12,663 stocks of the real property funding believe’s stock well worth $129,000 after shopping an extra 1,305 shares inside the ultimate quarter. Metropolitan Life Insurance Co. NY boosted its position in stocks of City Office REIT by means of 246.6% within the 4th sector. Metropolitan Life Insurance Co. NY now owns 14,758 shares of the real estate investment trust’s stock really worth $151,000 after buying an additional 10,500 shares within the final zone. Finally, Nisa Investment Advisors LLC boosted its position in stocks of City Office REIT by using 640.0% inside the 4th zone. Nisa Investment Advisors LLC now owns 14,800 stocks of the real estate funding accept as true with’s inventory well worth $152,000 after buying a further 12,800 stocks in the last region. 74.99% of the stock is owned by hedge budget and different institutional traders.
In other City Office REIT news, CEO James Thomas Farrar obtained 8,000 shares of the enterprise’s inventory in a transaction that befell on Wednesday, March 6th. The stocks had been offered at a mean value of $eleven.39 in step with percentage, with a total cost of $91, one hundred twenty.00. Following the of completion of the purchase, the leader government officer now directly owns 232,497 shares within the corporation, valued at approximately $2,648,140.Eighty three. The transaction became disclosed in a criminal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders very own 3.00% of the enterprise’s inventory.
CIO stock traded down $zero.05 for the duration of trading on Monday, reaching $11.Eighty-three. The agency’s inventory had a trading quantity of five,486 stocks, in comparison to its average extent of 212,080. City Office REIT Inc has a 1 yr low of $9.73 and 1 12 months excessive of $13.20. The company has a marketplace capitalization of $469.Seventy-nine million, a PE ratio of 11.01, a PEG ratio of 1.33 and a beta of 0.Fifty two. The employer has a debt-to-equity ratio of 2.25, a brief ratio of two.29 and a present-day ratio of 2.29.
City Office REIT (NYSE: CIO) remaining launched its quarterly income records on Friday, May third. The actual estate investment accepts as true with suggested ($0.07) EPS for the area, missing the consensus estimate of $zero.28 with the aid of ($0.35). City Office REIT had a net margin of 29. Forty-eight % and a return on equity of 13.28%. The organization had revenue of $37.12 million for the quarter, as compared to the consensus estimate of $36.24 million. On common, sell-aspect analysts forecast that City Office REIT Inc will post 1.12 EPS for the modern fiscal year.
The company also lately disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of a report on Thursday, April 11th have been issued a dividend of $zero.235 in line with share. This represents a $zero.94 annualized dividend and a yield of seven.95%. The ex-dividend date changed into Wednesday, April tenth. City Office REIT’s payout ratio is 87.04%.
A number of brokerages have these days commented on CIO. Zacks Investment Research cut City Office REIT from a “purchase” rating to a “keep” rating in a research report on Wednesday, February 13th. Boenning Scattergood reissued a “purchase” score and issued a $14.50 charge target on stocks of City Office REIT in a research record on Monday. Deutsche Bank dropped its charge target on City Office REIT from $13.00 to $12.00 and set a “maintain” rating at the inventory in a research record on Wednesday, April tenth. Finally, TheStreet raised City Office REIT from a “c” rating to a “b-” rating in a research report on Wednesday, February twenty-seventh. Three equities studies analysts have rated the stock with a hold rating and 4 have issued a buy rating to the organization. City Office REIT has a consensus score of “Buy” and a mean goal price of $13.42.