Jupiter Asset Management Ltd. raised its holdings in shares of City Office REIT, Inc. (NYSE:CIO - Get Rating) by 64.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,551 shares of the real estate investment trust's stock after acquiring an additional 45,563 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.28% of City Office REIT worth $1,162,000 as of its most recent SEC filing.
→ My No. 1 dividend stock for a LIFETIME of income. (From Oxford Club)
Other large investors have also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in City Office REIT during the second quarter worth approximately $28,000. Lazard Asset Management LLC purchased a new position in shares of City Office REIT during the first quarter valued at approximately $39,000. Point72 Hong Kong Ltd boosted its position in shares of City Office REIT by 1,557.5% during the first quarter. Point72 Hong Kong Ltd now owns 3,779 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 3,551 shares during the period. Quantbot Technologies LP boosted its position in shares of City Office REIT by 223.4% during the second quarter. Quantbot Technologies LP now owns 5,174 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 3,574 shares during the period. Finally, Advisor Group Holdings Inc. boosted its position in shares of City Office REIT by 22.3% during the first quarter. Advisor Group Holdings Inc. now owns 6,571 shares of the real estate investment trust's stock valued at $116,000 after buying an additional 1,200 shares during the period. 76.80% of the stock is owned by institutional investors.
Several research analysts have issued reports on CIO shares. StockNews.com lowered City Office REIT from a "buy" rating to a "hold" rating in a research report on Thursday, October 20th. B. Riley lowered their price target on City Office REIT from $18.00 to $14.00 and set a "buy" rating for the company in a report on Tuesday, November 8th.
City Office REIT stock opened at $9.57 on Tuesday. The business has a fifty day moving average of $9.09 and a two-hundred day moving average of $10.29. 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 market cap of $380.12 million, a P/E ratio of 0.93, a P/E/G ratio of 1.21 and a beta of 1.62. City Office REIT, Inc. has a twelve month low of $8.03 and a twelve month high of $18.35.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 24th. Stockholders of record on Tuesday, January 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.36%. The ex-dividend date was Monday, January 9th. City Office REIT's payout ratio is presently 7.77%.
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.
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 - Get Rating).
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.