EMC Capital Management Purchases 18,515 Shares of City Office REIT, Inc. (NYSE:CIO)

EMC Capital Management increased its holdings in shares of City Office REIT, Inc. (NYSE:CIO) by 688.0% during the fourth quarter, Holdings Channel reports. The fund owned 21,206 shares of the real estate investment trust’s stock after purchasing an additional 18,515 shares during the period. EMC Capital Management’s holdings in City Office REIT were worth $117,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CIO. JPMorgan Chase & Co. boosted its stake in City Office REIT by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 364,093 shares of the real estate investment trust’s stock worth $2,126,000 after purchasing an additional 16,828 shares in the last quarter. Barclays PLC raised its holdings in shares of City Office REIT by 237.0% in the third quarter. Barclays PLC now owns 61,942 shares of the real estate investment trust’s stock valued at $362,000 after buying an additional 43,562 shares during the last quarter. Geode Capital Management LLC lifted its position in City Office REIT by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,026,928 shares of the real estate investment trust’s stock worth $5,998,000 after buying an additional 11,178 shares in the last quarter. Jane Street Group LLC grew its holdings in City Office REIT by 40.0% during the 3rd quarter. Jane Street Group LLC now owns 54,987 shares of the real estate investment trust’s stock worth $321,000 after acquiring an additional 15,704 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in City Office REIT by 44.0% in the 3rd quarter. Quantinno Capital Management LP now owns 38,722 shares of the real estate investment trust’s stock valued at $226,000 after acquiring an additional 11,825 shares in the last quarter. 67.47% of the stock is owned by institutional investors and hedge funds.

City Office REIT Trading Up 4.3 %

Shares of NYSE CIO opened at $5.26 on Friday. City Office REIT, Inc. has a 1-year low of $4.02 and a 1-year high of $6.50. The company has a 50-day moving average of $5.43 and a two-hundred day moving average of $5.56. The company has a market cap of $210.99 million, a PE ratio of -12.51, a P/E/G ratio of 0.84 and a beta of 1.98. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 1.02.

City Office REIT (NYSE:CIO) last posted its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.36). City Office REIT had a negative return on equity of 1.48% and a negative net margin of 5.56%. The company had revenue of $42.37 million during the quarter, compared to the consensus estimate of $42.02 million. During the same quarter last year, the firm earned $0.34 EPS. As a group, equities analysts expect that City Office REIT, Inc. will post 1.05 earnings per share for the current fiscal year.

City Office REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.61%. City Office REIT’s payout ratio is currently -95.24%.

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.