Keeley Teton Advisors LLC raised its stake in City Office REIT, Inc. (NYSE:CIO - Get Rating) by 14.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 311,553 shares of the real estate investment trust's stock after purchasing an additional 39,380 shares during the period. Keeley Teton Advisors LLC owned 0.78% of City Office REIT worth $3,106,000 as of its most recent SEC filing.
→ An All-In-One Guide for Trading Metals (From RJO Futures)
Other hedge funds and other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of City Office REIT by 2.6% in the 3rd quarter. Victory Capital Management Inc. now owns 156,672 shares of the real estate investment trust's stock worth $1,562,000 after purchasing an additional 4,000 shares during the last quarter. Jupiter Asset Management Ltd. grew its position in shares of City Office REIT by 64.2% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 116,551 shares of the real estate investment trust's stock valued at $1,162,000 after buying an additional 45,563 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of City Office REIT during the 2nd quarter valued at about $28,000. Russell Investments Group Ltd. grew its position in shares of City Office REIT by 20.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 108,116 shares of the real estate investment trust's stock valued at $1,398,000 after buying an additional 18,348 shares during the last quarter. Finally, Bard Associates Inc. grew its position in shares of City Office REIT by 1.7% during the 2nd quarter. Bard Associates Inc. now owns 93,414 shares of the real estate investment trust's stock valued at $1,210,000 after buying an additional 1,600 shares during the last quarter. Institutional investors own 76.80% of the company's stock.
City Office REIT stock opened at $8.91 on Wednesday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.95. The firm has a 50-day moving average price of $9.09 and a two-hundred day moving average price of $10.11. The firm has a market capitalization of $353.91 million, a price-to-earnings ratio of 0.87, a PEG ratio of 1.17 and a beta of 1.62. City Office REIT, Inc. has a 52-week low of $8.03 and a 52-week high of $18.35.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 24th. Shareholders of record on Tuesday, January 10th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 8.98%. The ex-dividend date of this dividend was Monday, January 9th. City Office REIT's payout ratio is 7.77%.
Separately, B. Riley lowered their price objective on shares of City Office REIT from $18.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday, November 8th.
City Office REIT, Inc is a real estate investment trust. It focuses on acquiring, owning and operating office properties located primarily in metropolitan areas in the Southern and Western United States. The company was founded on November 26, 2013 and is headquartered in Vancouver, Canada.
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 [email protected]
Before you consider City Office REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and City Office REIT wasn't on the list.
While City Office REIT currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
