City Office REIT, Inc. (CIO) Holdings Decreased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. decreased its stake in shares of City Office REIT, Inc. (NYSE:CIO) by 12.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,400 shares of the real estate investment trust’s stock after selling 2,500 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.06% of City Office REIT worth $221,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. increased its position in shares of City Office REIT by 0.7% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 14,000 shares of the real estate investment trust’s stock worth $170,000 after purchasing an additional 100 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of City Office REIT by 1.3% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 16,326 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 214 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of City Office REIT by 0.6% during the 2nd quarter. Wells Fargo & Company MN now owns 87,592 shares of the real estate investment trust’s stock worth $1,112,000 after purchasing an additional 563 shares during the last quarter. Strs Ohio increased its position in shares of City Office REIT by 10.3% during the 2nd quarter. Strs Ohio now owns 8,600 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 800 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of City Office REIT by 1.2% during the 2nd quarter. Bessemer Group Inc. now owns 66,800 shares of the real estate investment trust’s stock worth $848,000 after purchasing an additional 800 shares during the last quarter. 54.75% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, CEO James Thomas Farrar purchased 6,000 shares of City Office REIT stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average cost of $12.52 per share, for a total transaction of $75,120.00. Following the purchase, the chief executive officer now directly owns 184,789 shares of the company’s stock, valued at approximately $2,313,558.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.20% of the company’s stock.

Shares of City Office REIT, Inc. (NYSE:CIO) opened at $12.87 on Monday. The stock has a market capitalization of $389.47, a price-to-earnings ratio of 14.46, a P/E/G ratio of 1.50 and a beta of 0.22. City Office REIT, Inc. has a one year low of $11.43 and a one year high of $13.93. The company has a quick ratio of 3.94, a current ratio of 3.94 and a debt-to-equity ratio of 2.80.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were paid a $0.235 dividend. The ex-dividend date was Tuesday, October 10th. This represents a $0.94 annualized dividend and a yield of 7.30%. City Office REIT’s dividend payout ratio (DPR) is presently -552.94%.

Several research firms have weighed in on CIO. ValuEngine raised City Office REIT from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Zacks Investment Research downgraded City Office REIT from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. FBR & Co reiterated a “buy” rating on shares of City Office REIT in a research note on Friday, October 6th. BidaskClub upgraded City Office REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, B. Riley reiterated a “buy” rating and set a $14.50 target price on shares of City Office REIT in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.50.

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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