Strs Ohio raised its position in shares of City Office REIT Inc (NYSE:CIO) by 444.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,854 shares of the real estate investment trust’s stock after acquiring an additional 38,254 shares during the quarter. Strs Ohio’s holdings in City Office REIT were worth $609,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CIO. SG Americas Securities LLC bought a new stake in City Office REIT during the third quarter valued at $121,000. Stevens Capital Management LP bought a new stake in City Office REIT during the third quarter valued at $180,000. Voya Investment Management LLC boosted its position in City Office REIT by 18.8% during the second quarter. Voya Investment Management LLC now owns 15,262 shares of the real estate investment trust’s stock valued at $194,000 after acquiring an additional 2,420 shares during the last quarter. Nationwide Fund Advisors boosted its position in City Office REIT by 21.0% during the second quarter. Nationwide Fund Advisors now owns 18,734 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 3,245 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. bought a new stake in City Office REIT during the second quarter valued at $331,000. 52.17% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have commented on CIO. ValuEngine cut shares of City Office REIT from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research cut shares of City Office REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. B. Riley reaffirmed a “buy” rating and set a $14.50 price target on shares of City Office REIT in a research report on Tuesday, November 7th. Finally, Deutsche Bank cut shares of City Office REIT from a “buy” rating to a “hold” rating and cut their price target for the company from $16.00 to $13.00 in a research report on Wednesday, January 10th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. City Office REIT has a consensus rating of “Hold” and a consensus target price of $14.25.

City Office REIT Inc (NYSE CIO) opened at $10.45 on Friday. City Office REIT Inc has a fifty-two week low of $10.30 and a fifty-two week high of $13.93. The firm has a market cap of $376.33, a PE ratio of 11.74, a PEG ratio of 1.09 and a beta of 0.09. The company has a current ratio of 3.94, a quick ratio of 3.94 and a debt-to-equity ratio of 2.80.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, January 11th were issued a dividend of $0.235 per share. The ex-dividend date was Wednesday, January 10th. This represents a $0.94 annualized dividend and a dividend yield of 9.00%. City Office REIT’s dividend payout ratio is currently -552.94%.

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City Office REIT Company Profile

City Office REIT, Inc is a real estate investment trust. The Company is focused on acquiring, owning and operating office properties located primarily in metropolitan areas in the Southern and Western United States. It conducts its operations primarily through City Office REIT Operating Partnership, L.P.

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

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