Ardsley Advisory Partners reduced its stake in shares of City Office REIT, Inc. (NYSE:CIO) by 1.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 740,000 shares of the real estate investment trust’s stock after selling 10,000 shares during the period. City Office REIT makes up approximately 1.5% of Ardsley Advisory Partners’ portfolio, making the stock its 19th biggest holding. Ardsley Advisory Partners owned 2.45% of City Office REIT worth $9,394,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen Asset Management LLC grew its position in shares of City Office REIT by 63.2% during the 1st quarter. Nuveen Asset Management LLC now owns 1,364,636 shares of the real estate investment trust’s stock valued at $16,580,000 after acquiring an additional 528,290 shares during the period. Principal Financial Group Inc. grew its position in shares of City Office REIT by 28.6% during the 1st quarter. Principal Financial Group Inc. now owns 987,936 shares of the real estate investment trust’s stock valued at $12,003,000 after acquiring an additional 220,000 shares during the period. Dalton Greiner Hartman Maher & Co. grew its position in shares of City Office REIT by 1,559.8% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 223,455 shares of the real estate investment trust’s stock valued at $2,838,000 after acquiring an additional 209,992 shares during the period. LSV Asset Management grew its position in shares of City Office REIT by 25.8% during the 2nd quarter. LSV Asset Management now owns 843,506 shares of the real estate investment trust’s stock valued at $10,712,000 after acquiring an additional 172,841 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of City Office REIT by 18.6% during the 1st quarter. Vanguard Group Inc. now owns 1,037,380 shares of the real estate investment trust’s stock valued at $12,605,000 after acquiring an additional 162,735 shares during the period. 55.42% of the stock is currently owned by institutional investors.

In related news, CEO James Thomas Farrar bought 6,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were bought at an average cost of $12.52 per share, for a total transaction of $75,120.00. Following the completion of the transaction, the chief executive officer now owns 184,789 shares of the company’s stock, valued at approximately $2,313,558.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.20% of the company’s stock.

Shares of City Office REIT, Inc. (NYSE CIO) traded up 0.08% on Tuesday, reaching $13.30. 70,648 shares of the company were exchanged. The company’s market capitalization is $402.48 million. City Office REIT, Inc. has a 52-week low of $11.43 and a 52-week high of $13.93. The stock has a 50 day moving average of $13.16 and a 200-day moving average of $12.65.

City Office REIT (NYSE:CIO) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. City Office REIT had a net margin of 3.70% and a return on equity of 1.91%. The business had revenue of $25.16 million for the quarter, compared to analyst estimates of $26.18 million. During the same period in the previous year, the business posted $0.22 earnings per share. On average, analysts predict that City Office REIT, Inc. will post ($0.17) EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be given a dividend of $0.235 per share. The ex-dividend date is Tuesday, October 10th. This represents a $0.94 annualized dividend and a yield of 7.07%. City Office REIT’s payout ratio is currently -723.08%.

A number of equities research analysts have recently commented on CIO shares. FBR & Co started coverage on City Office REIT in a research report on Tuesday, July 11th. They set an “outperform” rating and a $14.50 target price on the stock. ValuEngine upgraded City Office REIT from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Zacks Investment Research cut City Office REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, BidaskClub cut City Office REIT from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $14.63.

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City Office REIT Profile

City Office REIT, Inc is a real estate investment trust. The Company is focused on acquiring, owning and operating office properties located primarily in metropolitan areas in the Southern and Western United States. It conducts its operations primarily through City Office REIT Operating Partnership, L.P.

Institutional Ownership by Quarter for City Office REIT (NYSE:CIO)

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