5 Value Stocks with High Dividend Yields

1. City Office REIT, Inc. (NYSE:CIO)

Dividend Yield as of May 11: 6.06%

P/E Ratio as of May 11: 1.29

Number of Hedge Fund Holders: 14

City Office REIT, Inc. (NYSE:CIO) is an internally managed real estate investment trust that invests primarily in high-quality office properties located in the Southern and Western United States. City Office REIT, Inc. (NYSE:CIO) delivers a dividend yield of 6.06% as of May 11. City Office REIT, Inc. (NYSE:CIO) declared on March 15 a $0.20 per share quarterly dividend, which was distributed to shareholders on April 22. 

On May 5, City Office REIT, Inc. (NYSE:CIO) reported its Q1 results, posting an FFO per share of $0.40, beating estimates by $0.01. The revenue of $44.9 million grew 13.6% year-over-year, surpassing market consensus by $1.64 million. 

Riley analyst Craig Kucera on May 9 maintained a Buy recommendation on City Office REIT, Inc. (NYSE:CIO) but lowered the firm’s price target on the stock to $20 from $22 following the Q1 results. The analyst cited the significant decline in office real estate investment trust multiples for the target drop.

According to Insider Monkey’s Q4 data, City Office REIT, Inc. (NYSE:CIO) was found in the public stock portfolios of 14 hedge funds, with combined stakes of about $70 million. Jim Simons’ Renaissance Technologies held the leading stake in the company, worth $31.70 million. 

You can also take a look at 10 High Yield Monthly Dividend Stocks and 10 Best Dividend Aristocrats to Buy for 2022. 

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