First Heartland Consultants Inc. lessened its stake in City Office REIT, Inc. (NYSE:CIO) by 73.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,897 shares of the real estate investment trust’s stock after selling 33,375 shares during the period. First Heartland Consultants Inc.’s holdings in City Office REIT were worth $164,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Keeley Teton Advisors LLC boosted its stake in shares of City Office REIT by 11.5% during the 3rd quarter. Keeley Teton Advisors LLC now owns 223,889 shares of the real estate investment trust’s stock worth $3,083,000 after acquiring an additional 23,155 shares during the last quarter. Lido Advisors LLC purchased a new position in shares of City Office REIT during the 3rd quarter worth $593,000. Dimensional Fund Advisors LP boosted its stake in shares of City Office REIT by 5.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 280,216 shares of the real estate investment trust’s stock worth $3,859,000 after acquiring an additional 14,892 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of City Office REIT by 7.0% during the 3rd quarter. D.A. Davidson & CO. now owns 598,669 shares of the real estate investment trust’s stock worth $8,243,000 after acquiring an additional 38,950 shares during the last quarter. Finally, Ninepoint Partners LP purchased a new position in shares of City Office REIT during the 3rd quarter worth $498,000. Institutional investors and hedge funds own 57.45% of the company’s stock.

City Office REIT, Inc. (CIO) opened at $12.86 on Wednesday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 3.94 and a current ratio of 3.94. City Office REIT, Inc. has a one year low of $11.43 and a one year high of $13.93. The firm has a market cap of $390.08, a price-to-earnings ratio of 14.48, a P/E/G ratio of 1.51 and a beta of 0.22.

Several research analysts have recently weighed in on CIO shares. Zacks Investment Research upgraded shares of City Office REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. B. Riley restated a “buy” rating and set a $14.50 target price on shares of City Office REIT in a research note on Tuesday, November 7th. ValuEngine upgraded shares of City Office REIT from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Finally, FBR & Co restated a “buy” rating on shares of City Office REIT in a research note on Friday, October 6th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $14.50.

COPYRIGHT VIOLATION NOTICE: This piece was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2017/12/13/city-office-reit-inc-cio-shares-sold-by-first-heartland-consultants-inc.html.

City Office REIT Profile

City Office REIT, Inc is a real estate investment trust. The Company is focused on acquiring, owning and operating office properties located primarily in metropolitan areas in the Southern and Western United States. It conducts its operations primarily through City Office REIT Operating Partnership, L.P.

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

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.