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Nuveen LLC Takes $717,000 Position in City Office REIT, Inc. $CIO – MarketBeat

Nuveen LLC purchased a new stake in shares of City Office REIT, Inc. (NYSE:CIOFree Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 138,161 shares of the real estate investment trust’s stock, valued at approximately $717,000. Nuveen LLC owned about 0.34% of City Office REIT at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Segall Bryant & Hamill LLC purchased a new position in shares of City Office REIT during the 1st quarter worth approximately $1,474,000. Millennium Management LLC bought a new position in City Office REIT in the 4th quarter valued at approximately $1,283,000. Jane Street Group LLC lifted its position in City Office REIT by 284.6% in the 4th quarter. Jane Street Group LLC now owns 211,484 shares of the real estate investment trust’s stock valued at $1,167,000 after acquiring an additional 156,497 shares in the last quarter. Sonora Investment Management Group LLC bought a new position in City Office REIT in the 1st quarter valued at approximately $655,000. Finally, Man Group plc bought a new position in City Office REIT in the 4th quarter valued at approximately $425,000. Institutional investors own 67.47% of the company’s stock.

City Office REIT Trading Up 0.1%


Shares of City Office REIT stock opened at $6.94 on Thursday. The firm has a market cap of $279.90 million, a price-to-earnings ratio of -2.19, a PEG ratio of 1.12 and a beta of 1.82. The business has a 50-day moving average price of $6.39 and a 200-day moving average price of $5.49. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 1.29. City Office REIT, Inc. has a twelve month low of $4.19 and a twelve month high of $6.99.
City Office REIT (NYSE:CIOGet Free Report) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. The firm had revenue of $42.20 million during the quarter, compared to analyst estimates of $42.54 million. City Office REIT had a negative return on equity of 20.26% and a negative net margin of 71.27%. Equities research analysts anticipate that City Office REIT, Inc. will post 1 EPS for the current fiscal year.

City Office REIT Dividend Announcement


The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $0.40 annualized dividend and a yield of 5.8%. City Office REIT’s dividend payout ratio (DPR) is presently -12.62%.

Analyst Upgrades and Downgrades


Separately, Janney Montgomery Scott reissued a “neutral” rating on shares of City Office REIT in a report on Friday, July 25th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.
Get Our Latest Stock Report on CIO

City Office REIT Profile

(Free Report)
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.

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