City Office REIT, Inc. (NYSE:CIO) Short Interest Update

City Office REIT, Inc. (NYSE:CIO) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 236,600 shares, a decrease of 13.8% from the December 15th total of 274,600 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 265,300 shares, the short-interest ratio is currently 0.9 days.

City Office REIT Trading Down 1.3 %

NYSE:CIO traded down $0.07 on Friday, hitting $5.16. The stock had a trading volume of 197,997 shares, compared to its average volume of 193,967. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 1.02. The firm’s fifty day simple moving average is $5.40 and its two-hundred day simple moving average is $5.56. City Office REIT has a 1 year low of $4.02 and a 1 year high of $6.50.

City Office REIT (NYSE:CIO) last announced its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.25 by ($0.36). City Office REIT had a negative return on equity of 1.48% and a negative net margin of 5.56%. The company had revenue of $42.37 million during the quarter, compared to the consensus estimate of $42.02 million. During the same period in the prior year, the firm posted $0.34 EPS. Research analysts forecast that City Office REIT will post 1.05 EPS for the current year.

City Office REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 7.75%. The ex-dividend date of this dividend is Friday, January 10th. City Office REIT’s dividend payout ratio (DPR) is presently -95.24%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in City Office REIT by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 364,093 shares of the real estate investment trust’s stock worth $2,126,000 after purchasing an additional 16,828 shares in the last quarter. Barclays PLC boosted its holdings in shares of City Office REIT by 237.0% in the 3rd quarter. Barclays PLC now owns 61,942 shares of the real estate investment trust’s stock worth $362,000 after purchasing an additional 43,562 shares in the last quarter. Geode Capital Management LLC boosted its stake in City Office REIT by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,026,928 shares of the real estate investment trust’s stock worth $5,998,000 after buying an additional 11,178 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of City Office REIT by 40.0% during the 3rd quarter. Jane Street Group LLC now owns 54,987 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 15,704 shares during the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of City Office REIT by 44.0% during the third quarter. Quantinno Capital Management LP now owns 38,722 shares of the real estate investment trust’s stock valued at $226,000 after buying an additional 11,825 shares during the last quarter. 67.47% of the stock is owned by institutional investors.

About City Office REIT

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.