Federated Hermes Inc. boosted its stake in City Office REIT, Inc. (NYSE:CIO – Free Report) by 61.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 425,570 shares of the real estate investment trust’s stock after purchasing an additional 162,053 shares during the period. Federated Hermes Inc. owned approximately 1.07% of City Office REIT worth $2,936,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in City Office REIT in the 1st quarter valued at $39,000. State of Wyoming acquired a new stake in City Office REIT in the 4th quarter valued at $26,000. Point72 Middle East FZE acquired a new stake in City Office REIT in the 4th quarter valued at $28,000. Point72 Hong Kong Ltd increased its holdings in City Office REIT by 1,557.5% in the 1st quarter. Point72 Hong Kong Ltd now owns 3,779 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 3,551 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in City Office REIT by 736.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,247 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 3,739 shares during the last quarter. 71.46% of the stock is currently owned by institutional investors and hedge funds.
City Office REIT Stock Performance
Shares of CIO stock opened at $4.82 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.32 and a current ratio of 3.32. City Office REIT, Inc. has a one year low of $4.03 and a one year high of $13.01. The company’s 50-day simple moving average is $5.48 and its 200-day simple moving average is $6.35. The stock has a market capitalization of $192.31 million, a price-to-earnings ratio of -10.70, a PEG ratio of 0.67 and a beta of 1.67.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on CIO
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 6.0 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S.
Featured Articles
- Five stocks we like better than City Office REIT
- Business Services Stocks Investing
- 3 Ways to Play the Upcoming NFL Season
- How to Invest in Energy
- The TJX Companies: Offprice Retail Hits its Stride in Q2
- How to Invest in Apparel Stocks
- Target Misses The Mark: Is It Too Late To Sell?
Want to see what other hedge funds are holding CIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for City Office REIT, Inc. (NYSE:CIO – Free Report).
Receive News & Ratings for City Office REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for City Office REIT and related companies with MarketBeat.com's FREE daily email newsletter.
