Recent investments in City Office REIT have changed. Vanguard Group increased its stake by 0.8%, now owning 3,935,501 shares worth $20.5 million. Renaissance Technologies raised its holdings by 1.7%, with 1,268,416 shares worth $6.3 million. Acadian Asset boosted its position by 42.9%, holding 245,688 shares valued at $1.2 million. Bank of New York Mellon acquired 12.2% more shares, totaling 166,927 shares worth $831,000. Additionally, Victory Capital increased its stake by 14.8%, now holding 156,700 shares worth $780,000. Institutional investors own 67.47% of the stock.
City Office REIT Trading Down 3.7%
City Office REIT (NYSE:CIO) opened at $5.75, with a 52-week range of $3.45 to $6.70. It has a market cap of $230.89 million, a debt-to-equity ratio of 1.00, and a beta of 1.95.
The company recently reported earnings with a loss of $0.14 EPS, missing the expected $0.27. Revenue was $42.34 million, below the $43.27 million forecast. Analysts predict earnings of $1.04 per share for the fiscal year.
City Office REIT Dividend Announcement
City Office REIT will pay a quarterly dividend of $0.10 on October 24, with a record date of October 10. This amounts to an annual dividend of $0.40, giving a yield of 6.96%.
City Office REIT Company Profile
City Office REIT is a real estate firm focused on high-quality office properties mainly in the Sun Belt region, owning or controlling 5.7 million square feet of space.
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