City Office REIT Inc (NYSE:CIO) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its position in City Office REIT Inc (NYSE:CIO) by 21.0% in the second quarter, HoldingsChannel reports. The fund owned 20,142 shares of the real estate investment trust’s stock after acquiring an additional 3,492 shares during the quarter. Nisa Investment Advisors LLC’s holdings in City Office REIT were worth $242,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of City Office REIT by 14.8% in the 4th quarter. BlackRock Inc. now owns 2,588,812 shares of the real estate investment trust’s stock valued at $26,536,000 after buying an additional 333,963 shares during the period. Bank of New York Mellon Corp grew its stake in shares of City Office REIT by 4.5% in the 4th quarter. Bank of New York Mellon Corp now owns 206,256 shares of the real estate investment trust’s stock valued at $2,114,000 after buying an additional 8,972 shares during the period. Northern Trust Corp grew its stake in shares of City Office REIT by 47.9% in the 4th quarter. Northern Trust Corp now owns 597,350 shares of the real estate investment trust’s stock valued at $6,123,000 after buying an additional 193,349 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of City Office REIT by 18.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 467,926 shares of the real estate investment trust’s stock valued at $4,796,000 after buying an additional 72,357 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of City Office REIT by 16.4% in the 4th quarter. Geode Capital Management LLC now owns 400,842 shares of the real estate investment trust’s stock valued at $4,107,000 after buying an additional 56,480 shares during the period. Institutional investors and hedge funds own 74.63% of the company’s stock.

Shares of CIO opened at $12.61 on Tuesday. City Office REIT Inc has a twelve month low of $9.73 and a twelve month high of $13.06. The firm has a fifty day moving average price of $12.25. The firm has a market cap of $501.54 million, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.37 and a beta of 0.46. The company has a debt-to-equity ratio of 2.68, a current ratio of 2.70 and a quick ratio of 2.70.

City Office REIT (NYSE:CIO) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.30). City Office REIT had a negative net margin of 5.50% and a negative return on equity of 2.84%. The firm had revenue of $41.17 million during the quarter, compared to analyst estimates of $38.17 million. Equities research analysts expect that City Office REIT Inc will post 1.16 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were issued a $0.235 dividend. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.45%. City Office REIT’s payout ratio is 87.04%.

A number of equities analysts recently weighed in on CIO shares. Deutsche Bank lowered their price objective on shares of City Office REIT from $13.00 to $12.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. Zacks Investment Research cut shares of City Office REIT from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Boenning Scattergood reaffirmed a “buy” rating and set a $14.50 price objective on shares of City Office REIT in a research report on Monday, May 6th. Finally, B. Riley increased their price objective on shares of City Office REIT from $12.50 to $13.50 and gave the stock a “buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $13.40.

In related news, Director John Sweet bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average cost of $11.84 per share, with a total value of $35,520.00. Following the transaction, the director now directly owns 9,867 shares of the company’s stock, valued at approximately $116,825.28. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.00% of the company’s stock.

City Office REIT Profile

City Office REIT, Inc (NYSE: CIO) invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the Southern and Western United States. At December 31, 2018, CIO owned office complexes comprising 5.7 million square feet of net rentable area (“NRA”).

Featured Article: Moving Average (MA)

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).

Institutional Ownership by Quarter for City Office REIT (NYSE:CIO)

Receive News & Ratings for City Office REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for City Office REIT and related companies with MarketBeat.com's FREE daily email newsletter.