Bank of New York Mellon Corp Sells 7,551 Shares of City Office REIT, Inc. (NYSE:CIO)

Bank of New York Mellon Corp cut its stake in shares of City Office REIT, Inc. (NYSE:CIOFree Report) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,224 shares of the real estate investment trust’s stock after selling 7,551 shares during the quarter. Bank of New York Mellon Corp’s holdings in City Office REIT were worth $800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Point72 Hong Kong Ltd boosted its stake in City Office REIT by 25.3% during the second quarter. Point72 Hong Kong Ltd now owns 4,736 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 957 shares in the last quarter. Advisor Group Holdings Inc. raised its holdings in City Office REIT by 22.3% during the first quarter. Advisor Group Holdings Inc. now owns 6,571 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 1,200 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in City Office REIT by 4.7% during the first quarter. Great West Life Assurance Co. Can now owns 36,883 shares of the real estate investment trust’s stock worth $677,000 after buying an additional 1,667 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in City Office REIT by 0.4% during the second quarter. Goldman Sachs Group Inc. now owns 479,281 shares of the real estate investment trust’s stock worth $2,670,000 after buying an additional 2,095 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in City Office REIT during the first quarter worth $39,000. 70.55% of the stock is owned by institutional investors.

City Office REIT Stock Performance

Shares of CIO stock opened at $4.78 on Friday. City Office REIT, Inc. has a one year low of $3.45 and a one year high of $9.59. The firm has a 50-day moving average of $5.77 and a 200-day moving average of $4.98. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.72 and a quick ratio of 2.72. The company has a market cap of $190.91 million, a P/E ratio of -9.56, a P/E/G ratio of 0.63 and a beta of 1.87.

City Office REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, January 9th. This represents a $0.40 dividend on an annualized basis and a yield of 8.37%. City Office REIT’s dividend payout ratio (DPR) is presently -80.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of City Office REIT from a “sell” rating to a “hold” rating in a report on Monday, November 13th.

Read Our Latest Report on CIO

City Office REIT Profile

(Free Report)

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.

See Also

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

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