City Office REIT (NYSE:CIO - Get Free Report) announced its quarterly earnings results on Friday. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.03, Zacks reports. The business had revenue of $42.26 million for the quarter, compared to the consensus estimate of $42.38 million. City Office REIT had a negative return on equity of 2.74% and a negative net margin of 10.33%. City Office REIT updated its FY 2025 guidance to 1.100-1.140 EPS.
City Office REIT Stock Up 0.4 %
Shares of NYSE:CIO traded up $0.02 during trading on Wednesday, reaching $4.88. The stock had a trading volume of 137,856 shares, compared to its average volume of 200,711. The firm's 50-day simple moving average is $4.96 and its 200 day simple moving average is $5.19. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 1.02. City Office REIT has a one year low of $4.19 and a one year high of $6.50. The company has a market capitalization of $196.95 million, a P/E ratio of -7.87, a PEG ratio of 0.86 and a beta of 1.65.
City Office REIT Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 8.20%. The ex-dividend date was Thursday, April 10th. City Office REIT's payout ratio is -61.54%.
City Office REIT Company Profile
(
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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 5.7 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S.
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