Jump Financial LLC Purchases 24,631 Shares of City Office REIT, Inc. (NYSE:CIO)

Jump Financial LLC lifted its position in shares of City Office REIT, Inc. (NYSE:CIO) by 216.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,031 shares of the real estate investment trust’s stock after purchasing an additional 24,631 shares during the period. Jump Financial LLC’s holdings in City Office REIT were worth $199,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its holdings in City Office REIT by 146.9% during the fourth quarter. Russell Investments Group Ltd. now owns 12,048 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 7,168 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in City Office REIT during the fourth quarter worth about $89,000. Proficio Capital Partners LLC purchased a new stake in City Office REIT during the fourth quarter worth about $104,000. Intech Investment Management LLC purchased a new stake in City Office REIT during the fourth quarter worth about $105,000. Finally, Catalyst Funds Management Pty Ltd purchased a new stake in City Office REIT during the fourth quarter worth about $108,000. 67.47% of the stock is owned by institutional investors.

City Office REIT Stock Performance

NYSE CIO opened at $5.10 on Tuesday. City Office REIT, Inc. has a 52-week low of $4.19 and a 52-week high of $6.50. The company has a 50-day simple moving average of $4.96 and a 200 day simple moving average of $5.21. 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 company has a market capitalization of $205.83 million, a PE ratio of -8.23, a price-to-earnings-growth ratio of 0.86 and a beta of 1.84.

City Office REIT (NYSE:CIO) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.40. The firm had revenue of $41.92 million during 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%. On average, research analysts predict that City Office REIT, Inc. will post 1 EPS for the current year.

City Office REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $0.40 annualized dividend and a dividend yield of 7.84%. City Office REIT’s payout ratio is -64.52%.

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.