City Office REIT, Inc. (NYSE:CIO) Short Interest Update

City Office REIT, Inc. (NYSE:CIO) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 236,600 shares, a drop of 13.8% from the December 15th total of 274,600 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 265,300 shares, the days-to-cover ratio is currently 0.9 days.

City Office REIT Stock Down 1.3 %

Shares of CIO traded down $0.07 during midday trading on Friday, reaching $5.16. The stock had a trading volume of 197,997 shares, compared to its average volume of 193,967. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.42 and a quick ratio of 2.42. The company’s fifty day simple moving average is $5.40 and its two-hundred day simple moving average is $5.56. The company has a market cap of $207.17 million, a price-to-earnings ratio of -12.29, a PEG ratio of 0.83 and a beta of 1.98. City Office REIT has a 1-year low of $4.02 and a 1-year high of $6.50.

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

City Office REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 7.75%. The ex-dividend date is Friday, January 10th. City Office REIT’s payout ratio is currently -95.24%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale boosted its holdings in shares of City Office REIT by 13.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 19,497 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 2,323 shares in the last quarter. Rhumbline Advisers raised its position in City Office REIT by 5.0% during the second quarter. Rhumbline Advisers now owns 68,975 shares of the real estate investment trust’s stock worth $343,000 after acquiring an additional 3,299 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of City Office REIT by 21.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,451 shares of the real estate investment trust’s stock valued at $97,000 after buying an additional 3,391 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of City Office REIT by 5.9% in the third quarter. Victory Capital Management Inc. now owns 166,000 shares of the real estate investment trust’s stock valued at $969,000 after buying an additional 9,300 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of City Office REIT by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,026,928 shares of the real estate investment trust’s stock valued at $5,998,000 after buying an additional 11,178 shares during the last quarter. 67.47% of the stock is owned by hedge funds and other institutional investors.

City Office REIT Company Profile

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.