City Office REIT (NYSE:CIO) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

City Office REIT, Inc. (NYSE:CIO)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.48 and traded as low as $5.14. City Office REIT shares last traded at $5.27, with a volume of 169,649 shares changing hands.

City Office REIT Trading Up 1.8 %

The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.42 and a current ratio of 2.42. The stock’s 50-day simple moving average is $5.21 and its 200-day simple moving average is $5.48. The firm has a market capitalization of $212.81 million, a PE ratio of -8.50, a P/E/G ratio of 0.86 and a beta of 1.98.

City Office REIT (NYSE:CIO) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.40. The business had revenue of $41.92 million for the quarter, compared to the consensus estimate of $42.79 million. City Office REIT had a negative net margin of 10.33% and a negative return on equity of 2.74%. As a group, sell-side analysts expect that City Office REIT, Inc. will post 1 EPS for the current fiscal year.

City Office REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date was Friday, January 10th. City Office REIT’s dividend payout ratio is presently -64.52%.

Institutional Trading of City Office REIT

A number of hedge funds and other institutional investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale grew its position in shares of City Office REIT by 13.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 19,497 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 2,323 shares during the period. Price T Rowe Associates Inc. MD grew its position in City Office REIT by 21.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,975 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 2,806 shares during the last quarter. Quantinno Capital Management LP grew its position in City Office REIT by 9.0% during the 4th quarter. Quantinno Capital Management LP now owns 42,213 shares of the real estate investment trust’s stock valued at $233,000 after purchasing an additional 3,491 shares during the last quarter. Barclays PLC grew its position in City Office REIT by 6.8% during the 4th quarter. Barclays PLC now owns 66,170 shares of the real estate investment trust’s stock valued at $366,000 after purchasing an additional 4,228 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in City Office REIT by 6.2% during the 4th quarter. Prudential Financial Inc. now owns 85,425 shares of the real estate investment trust’s stock valued at $472,000 after purchasing an additional 5,000 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.