Economy

City Office REIT, Inc. (NYSE:CIO) Experiences Lighter than Average Trading Volume

Shares are trading at $13.77 slightly over $12.66, the 50 day moving average and quite a bit higher than the 200 day moving average of $12.45. Strs Ohio now owns 8,600 shares of the real estate investment trust's stock worth $109,000 after buying an additional 800 shares in the last quarter. The real estate investment trust reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. About 3.61M shares traded.

The stock decreased 0.83% or $0.03 on September 29, reaching $3.57. It has outperformed by 24.08% the S&P500. The value of the investment in CIO decreased from $839,000 to $621,000 a change of $218,000 for the reporting period. The stock's market cap is $416.10 million.

The company is trading up since yesterday's close of 13.44.

Traders are more bullish on shares of the company if you put credence in the motion in short interest. Overall, volume was down 77.04% under the stocks normal daily volume. Florida-based Real Est Management Services has invested 0.93% in City Office REIT Inc (NYSE:CIO). It has underperformed by 9.05% the S&P500.

Sell-side analyst recommendations point to a short term price target of $58 on the shares of Viad Corp (VVI). As of the end of the quarter Two Sigma Advisers, Lp had disposed of a total of 20,175 shares trimming its position 29.2%.

Investors sentiment decreased to 1.47 in 2017 Q2.

Want to see what other hedge funds are holding CIO? "(CIO) Position Raised by GSA Capital Partners LLP" was published by TrueBlueTribune and is owned by of TrueBlueTribune.

City Office REIT Announces Dividends for Third Quarter 2017. The Company conducts its operations primarily through City Office REIT Operating Partnership, L.P. City Office REIT had a return on equity of 0.79% and a net margin of 1.33%. 81,875 are held by White Pine Limited Com. Howe And Rusling has 0% invested in City Office REIT Inc (NYSE:CIO) for 200 shares. Finally, Bessemer Group Inc. raised its position in shares of City Office REIT by 1.2% in the second quarter. Principal Financial Grp Inc has 0.01% invested in City Office REIT Inc (NYSE:CIO). 2,200 are owned by Daiwa Secs.

In an overview of the current analyst recommendations, Buy count is 5 and Overweight is 0 while the number of analysts recommending Sell and Underweight are 0 and 0, respectively. Therefore 80% are positive. City Office REIT had 9 analyst reports since August 19, 2015 according to SRatingsIntel.

Orinda Asset Management Llc decreased City Office Reit Inc (CIO) stake by 10.47% reported in 2017Q2 SEC filing. The shares were acquired at an average price of $12.52 per share, for a total transaction of $75,120.00. Deutsche Bank maintained City Office REIT Inc (NYSE:CIO) rating on Monday, July 18. The stock has "Hold" rating by Jefferies on Wednesday, July 27. TheStreet upgraded City Office REIT from a "d" rating to a "c-" rating in a research note on Thursday, March 2nd. The stock of City Office REIT Inc (NYSE:CIO) has "Sell" rating given on Monday, August 24 by Zacks.

Since May 1, 2017, it had 0 insider buys, and 7 sales for $17.28 million activity. Afam Capital Inc has 2,445 shares.

Among 5 analysts covering Premier Gold Mines Ltd.

CIO has been the topic of a number of recent analyst reports. The firm has "Buy" rating by Compass Point given on Thursday, May 12. The rating was maintained by TD Securities with "Hold" on Friday, October 28. As per Friday, January 13, the company rating was initiated by Bryan Garnier & Cie. The stock of Merck & Co., Inc. (NYSE:MRK) has "Buy" rating given on Friday, August 19 by UBS. The stock has "Mkt Underperform" rating by Avondale on Thursday, June 9. Barclays Capital upgraded Merck & Co., Inc. The count of Hold ratings in that period was 1. The company was upgraded on Thursday, August 13 by BMO Capital Markets. The stock is performing 2.05% year to date. Its up 0.08, from 0.99 in 2017Q1. Choate Inv Advisors reported 121,270 shares. State Bank has 69,564 shares for 1.88% of their portfolio. Northeast Investment Management holds 29,072 shares. 41,750 were reported by Friedberg Investment Mgmt. Mark Sheptoff Planning Ltd Com has 0.21% invested in Merck & Co., Inc. Blackrock Inc accumulated 1.47 million shares or 0% of the stock. Employees Retirement System Of Texas owns 481,000 shares. Nuveen Asset Management, LLC cut its holdings by selling 64,937 shares a decrease of 4.8% from 03/31/2017 to 06/30/2017. Morgan Stanley, New York-based fund reported 80,106 shares. First City Cap Mgmt reported 1.59% in Merck & Co., Inc. (NYSE:MRK). Vantage Ltd Liability has 1.61% invested in Merck & Co., Inc.

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