Simon Quick Advisors LLC Acquires Shares of 16,069 City Office REIT, Inc. $CIO

Simon Quick Advisors LLC acquired a new stake in shares of City Office REIT, Inc. (NYSE:CIO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,069 shares of the real estate investment trust’s stock, valued at approximately $86,000.

A number of other hedge funds have also bought and sold shares of CIO. Segall Bryant & Hamill LLC bought a new position in City Office REIT during the first quarter valued at $1,474,000. Sonora Investment Management Group LLC increased its position in City Office REIT by 159.8% during the second quarter. Sonora Investment Management Group LLC now owns 328,120 shares of the real estate investment trust’s stock valued at $1,752,000 after acquiring an additional 201,820 shares during the last quarter. Nuveen LLC purchased a new stake in shares of City Office REIT during the first quarter valued at $717,000. Martingale Asset Management L P boosted its stake in shares of City Office REIT by 38.6% during the first quarter. Martingale Asset Management L P now owns 197,082 shares of the real estate investment trust’s stock valued at $1,023,000 after purchasing an additional 54,861 shares during the period. Finally, GSA Capital Partners LLP boosted its stake in shares of City Office REIT by 69.1% during the first quarter. GSA Capital Partners LLP now owns 122,402 shares of the real estate investment trust’s stock valued at $635,000 after purchasing an additional 50,018 shares during the period. Institutional investors own 67.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CIO shares. Weiss Ratings reissued a “sell (d+)” rating on shares of City Office REIT in a research note on Wednesday, October 8th. Janney Montgomery Scott reissued a “neutral” rating on shares of City Office REIT in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, City Office REIT has a consensus rating of “Reduce”.

City Office REIT Stock Up 0.1%

NYSE:CIO opened at $6.91 on Wednesday. City Office REIT, Inc. has a 1-year low of $4.19 and a 1-year high of $7.01. The company has a 50-day moving average of $6.95 and a 200 day moving average of $6.11. The firm has a market cap of $278.69 million, a PE ratio of -2.18, a price-to-earnings-growth ratio of 1.11 and a beta of 1.79. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.31 and a quick ratio of 3.31.

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.