DigitalBridge Group Inc. Takes $364,000 Position in City Office REIT, Inc. (NYSE:CIO)

DigitalBridge Group Inc. purchased a new stake in shares of City Office REIT, Inc. (NYSE:CIO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 65,902 shares of the real estate investment trust’s stock, valued at approximately $364,000. DigitalBridge Group Inc. owned approximately 0.16% of City Office REIT at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Quarry LP bought a new stake in City Office REIT during the 4th quarter valued at $43,000. Ethic Inc. purchased a new position in shares of City Office REIT in the fourth quarter valued at $56,000. ProShare Advisors LLC purchased a new position in shares of City Office REIT in the fourth quarter valued at $61,000. Russell Investments Group Ltd. raised its stake in shares of City Office REIT by 146.9% during the 4th quarter. Russell Investments Group Ltd. now owns 12,048 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 7,168 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in City Office REIT during the 4th quarter worth about $85,000. 67.47% of the stock is currently owned by hedge funds and other institutional investors.

City Office REIT Stock Down 0.2%

Shares of NYSE CIO opened at $4.74 on Friday. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.02. The company has a market cap of $191.30 million, a P/E ratio of -7.65, a P/E/G ratio of 0.86 and a beta of 1.65. City Office REIT, Inc. has a 52 week low of $4.19 and a 52 week high of $6.50. The business has a 50-day simple moving average of $4.91 and a two-hundred day simple moving average of $5.14.

City Office REIT (NYSE:CIO) last announced its quarterly earnings results on Friday, May 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. City Office REIT had a negative net margin of 10.33% and a negative return on equity of 2.74%. The firm had revenue of $42.26 million for the quarter, compared to the consensus estimate of $42.38 million. Research analysts anticipate that City Office REIT, Inc. will post 1 earnings per share for the current fiscal year.

City Office REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.44%. City Office REIT’s dividend payout ratio (DPR) is currently -61.54%.

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.