Janney Montgomery Scott LLC lessened its stake in City Office REIT, Inc. (NYSE:CIO) by 5.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 194,797 shares of the real estate investment trust’s stock after selling 11,379 shares during the period. Janney Montgomery Scott LLC owned 0.64% of City Office REIT worth $2,682,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in City Office REIT by 4.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,099,528 shares of the real estate investment trust’s stock valued at $15,141,000 after acquiring an additional 47,492 shares during the period. Vanguard Group Inc. increased its position in City Office REIT by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,093,747 shares of the real estate investment trust’s stock valued at $13,891,000 after acquiring an additional 56,367 shares during the period. LSV Asset Management increased its position in City Office REIT by 25.8% in 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. Real Estate Management Services LLC increased its position in City Office REIT by 38.1% in the 3rd quarter. Real Estate Management Services LLC now owns 670,343 shares of the real estate investment trust’s stock valued at $9,231,000 after acquiring an additional 185,016 shares during the period. Finally, D.A. Davidson & CO. increased its position in City Office REIT by 7.0% in the 3rd quarter. D.A. Davidson & CO. now owns 598,669 shares of the real estate investment trust’s stock valued at $8,243,000 after acquiring an additional 38,950 shares during the period. Hedge funds and other institutional investors own 57.45% of the company’s stock.

Several brokerages recently issued reports on CIO. ValuEngine upgraded City Office REIT from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded City Office REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. B. Riley restated a “buy” rating and issued a $14.50 price target on shares of City Office REIT in a research report on Tuesday, November 7th. Finally, FBR & Co restated a “buy” rating on shares of City Office REIT in a research report on Friday, October 6th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. City Office REIT currently has an average rating of “Buy” and a consensus target price of $14.50.

Shares of City Office REIT, Inc. (NYSE:CIO) opened at $13.11 on Friday. City Office REIT, Inc. has a twelve month low of $11.43 and a twelve month high of $13.93. The firm has a market capitalization of $396.73, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 1.53 and a beta of 0.22. The company has a debt-to-equity ratio of 2.80, a current ratio of 3.94 and a quick ratio of 3.94.

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About City Office REIT

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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