City Office REIT (NYSE:CIO) Stock Price Crosses Below 200 Day Moving Average of $4.88

City Office REIT, Inc. (NYSE:CIO) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.88 and traded as low as $4.48. City Office REIT shares last traded at $4.56, with a volume of 220,239 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised City Office REIT from a “sell” rating to a “hold” rating in a report on Thursday, April 11th.

City Office REIT Stock Performance

The company has a market capitalization of $183.08 million, a P/E ratio of -18.24, a PEG ratio of 0.71 and a beta of 1.84. The stock has a fifty day simple moving average of $4.58 and a 200-day simple moving average of $4.88. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 1.01.

City Office REIT (NYSE:CIO) last issued its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). City Office REIT had a negative net margin of 1.50% and a negative return on equity of 0.40%. The company had revenue of $44.32 million for the quarter, compared to the consensus estimate of $44.47 million. During the same period in the previous year, the business posted $0.38 earnings per share. Equities analysts forecast that City Office REIT, Inc. will post 1.09 EPS for the current year.

City Office REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.77%. City Office REIT’s dividend payout ratio is -160.00%.

Insider Activity at City Office REIT

In other City Office REIT news, Director Michael Mazan purchased 39,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was acquired at an average cost of $4.22 per share, with a total value of $164,580.00. Following the completion of the acquisition, the director now directly owns 39,000 shares of the company’s stock, valued at approximately $164,580. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.90% of the stock is currently owned by company insiders.

Institutional Trading of City Office REIT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in City Office REIT by 165.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,707 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 8,546 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in City Office REIT in the fourth quarter worth about $97,000. SG Americas Securities LLC acquired a new stake in City Office REIT in the third quarter worth about $80,000. Jump Financial LLC acquired a new stake in City Office REIT in the fourth quarter worth about $119,000. Finally, Pinnacle Wealth Planning Services Inc. acquired a new stake in City Office REIT in the fourth quarter worth about $122,000. 67.47% of the stock is currently owned by institutional investors and hedge funds.

City Office REIT Company Profile

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.