Keeley Teton Advisors LLC increased its holdings in City Office REIT, Inc. (NYSE:CIO) by 11.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 223,889 shares of the real estate investment trust’s stock after buying an additional 23,155 shares during the period. Keeley Teton Advisors LLC owned 0.74% of City Office REIT worth $3,083,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CIO. Ninepoint Partners LP purchased a new stake in City Office REIT in the 3rd quarter worth approximately $498,000. Dimensional Fund Advisors LP lifted its stake in City Office REIT by 114.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 213,261 shares of the real estate investment trust’s stock worth $2,591,000 after purchasing an additional 113,742 shares in the last quarter. Principal Financial Group Inc. lifted its stake in City Office REIT by 6.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,052,036 shares of the real estate investment trust’s stock worth $13,361,000 after purchasing an additional 64,100 shares in the last quarter. Vanguard Group Inc. lifted its stake in City Office REIT by 18.6% in the 1st quarter. Vanguard Group Inc. now owns 1,037,380 shares of the real estate investment trust’s stock worth $12,605,000 after purchasing an additional 162,735 shares in the last quarter. Finally, Bridge City Capital LLC lifted its stake in City Office REIT by 43.9% in the 3rd quarter. Bridge City Capital LLC now owns 86,809 shares of the real estate investment trust’s stock worth $1,195,000 after purchasing an additional 26,487 shares in the last quarter. 57.45% of the stock is owned by institutional investors.

Shares of City Office REIT, Inc. (NYSE CIO) opened at $12.90 on Friday. The company has a current ratio of 3.94, a quick ratio of 3.94 and a debt-to-equity ratio of 2.80. The firm has a market cap of $391.29, a price-to-earnings ratio of 14.53, a PEG ratio of 1.51 and a beta of 0.22. City Office REIT, Inc. has a 52-week low of $11.43 and a 52-week high of $13.93.

Several research firms have issued reports on CIO. ValuEngine upgraded shares of City Office REIT from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Zacks Investment Research cut shares of City Office REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. FBR & Co reiterated a “buy” rating on shares of City Office REIT in a research note on Friday, October 6th. Finally, B. Riley restated a “buy” rating and set a $14.50 price objective on shares of City Office REIT in a research report on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $14.50.

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City Office REIT Company 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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