Raymond James Financial Services Advisors Inc. Has $287,000 Position in City Office REIT Inc (CIO)

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Raymond James Financial Services Advisors Inc. reduced its position in City Office REIT Inc (NYSE:CIO) by 18.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,400 shares of the real estate investment trust’s stock after selling 5,000 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in City Office REIT were worth $287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. acquired a new position in shares of City Office REIT in the 1st quarter valued at $117,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of City Office REIT by 163.1% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,140 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 6,906 shares during the period. Boston Advisors LLC acquired a new position in shares of City Office REIT in the 2nd quarter valued at $188,000. Quantitative Systematic Strategies LLC acquired a new position in shares of City Office REIT in the 1st quarter valued at $179,000. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of City Office REIT by 44.2% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 21,800 shares of the real estate investment trust’s stock valued at $252,000 after purchasing an additional 6,680 shares during the period. Hedge funds and other institutional investors own 69.19% of the company’s stock.

Several equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of City Office REIT from a “buy” rating to a “hold” rating in a research note on Monday. B. Riley boosted their price target on shares of City Office REIT from $13.50 to $14.00 and gave the stock a “buy” rating in a report on Monday, August 6th. Royal Bank of Canada began coverage on shares of City Office REIT in a report on Wednesday, June 27th. They issued an “outperform” rating and a $14.00 price target for the company. Boenning Scattergood began coverage on shares of City Office REIT in a report on Tuesday, July 10th. They issued a “buy” rating and a $15.00 price target for the company. Finally, TheStreet raised shares of City Office REIT from a “c” rating to a “b-” rating in a report on Tuesday, May 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $14.20.

Shares of NYSE CIO opened at $12.80 on Thursday. The firm has a market capitalization of $466.48 million, a P/E ratio of 12.41, a P/E/G ratio of 1.30 and a beta of 0.15. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 1.75. City Office REIT Inc has a one year low of $10.03 and a one year high of $13.93.

City Office REIT (NYSE:CIO) last issued its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.25 by ($0.32). The company had revenue of $30.24 million during the quarter, compared to analysts’ expectations of $31.09 million. City Office REIT had a return on equity of 17.42% and a net margin of 36.89%. equities research analysts expect that City Office REIT Inc will post 1.1 earnings per share for the current year.

About City Office REIT

City Office REIT, Inc (NYSE: CIO) invests in high-quality office properties in mid-sized metropolitan areas with strong economic fundamentals, primarily in the Southern and Western United States. At March 31, 2018, CIO owned office complexes comprising 4.6 million square feet of net rentable area (?NRA?).

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Institutional Ownership by Quarter for City Office REIT (NYSE:CIO)

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