City Office REIT (NYSE:CIO) Share Price Crosses Below 200 Day Moving Average of $4.88

City Office REIT, Inc. (NYSE:CIO)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.88 and traded as low as $4.48. City Office REIT shares last traded at $4.56, with a volume of 220,239 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com raised City Office REIT from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th.

City Office REIT Trading Up 0.4 %

The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 1.01. The company has a fifty day moving average price of $4.57 and a two-hundred day moving average price of $4.88.

City Office REIT (NYSE:CIO) last posted its earnings results on Thursday, February 22nd. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.42). The company had revenue of $44.32 million for the quarter, compared to the consensus estimate of $44.47 million. City Office REIT had a negative return on equity of 0.40% and a negative net margin of 1.50%. During the same quarter last year, the business earned $0.38 EPS. Research analysts expect that City Office REIT, Inc. will post 1.09 EPS for the current year.

City Office REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $0.40 annualized dividend and a dividend yield of 8.73%. City Office REIT’s dividend payout ratio (DPR) is presently -160.00%.

Insider Buying and Selling

In other City Office REIT news, Director Michael Mazan acquired 39,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was purchased at an average price of $4.22 per share, for a total transaction of $164,580.00. Following the transaction, the director now owns 39,000 shares in the company, valued at approximately $164,580. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On City Office REIT

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its stake in shares of City Office REIT by 15.0% in the 4th quarter. SG Americas Securities LLC now owns 21,689 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 2,821 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of City Office REIT by 39.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 26,650 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 7,605 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of City Office REIT by 165.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,707 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 8,546 shares during the period. Victory Capital Management Inc. increased its stake in shares of City Office REIT by 7.3% in the 4th quarter. Victory Capital Management Inc. now owns 141,000 shares of the real estate investment trust’s stock valued at $862,000 after buying an additional 9,600 shares during the period. Finally, Penserra Capital Management LLC increased its stake in shares of City Office REIT by 14.4% in the 3rd quarter. Penserra Capital Management LLC now owns 101,255 shares of the real estate investment trust’s stock valued at $430,000 after buying an additional 12,773 shares during the period. Institutional investors own 67.47% of the company’s stock.

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.