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NYSE:CIO

City Office REIT (CIO) Stock Forecast, Price & News

$13.31
-0.27 (-1.99%)
(As of 05/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$13.21
$13.72
50-Day Range
$13.01
$18.31
52-Week Range
$10.89
$21.70
Volume
447,419 shs
Average Volume
304,755 shs
Market Capitalization
$579.70 million
P/E Ratio
1.30
Dividend Yield
5.62%
Beta
1.59
30 days | 90 days | 365 days | Advanced Chart
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City Office REIT logo

About City Office REIT

City Office REIT, Inc. (NYSE: CIO) invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the Southern and Western United States. At September 30, 2020, CIO owned office complexes comprising 5.8 million square feet of net rentable area (NRA).

Headlines

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Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
19
Year Founded
N/A

Sales & Book Value

Annual Sales
$164.04 million
Cash Flow
$12.21 per share
Book Value
$17.80 per share

Profitability

Net Income
$484.39 million
Pretax Margin
272.15%

Debt

Price-To-Earnings

Miscellaneous

Free Float
42,334,000
Market Cap
$579.70 million
Optionable
Optionable

Company Calendar

Ex-Dividend for 4/22 Dividend
4/07/2022
Dividend Payable
4/22/2022
Last Earnings
5/05/2022
Today
5/19/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.98 out of 5 stars

Finance Sector

161st out of 1,352 stocks

Real Estate Investment Trusts Industry

15th out of 233 stocks

Analyst Opinion: 3.3Community Rank: 4.1Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -













City Office REIT (NYSE:CIO) Frequently Asked Questions

Is City Office REIT a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for City Office REIT in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" City Office REIT stock.
View analyst ratings for City Office REIT
or view top-rated stocks.

When is City Office REIT's next earnings date?

City Office REIT is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for City Office REIT
.

How were City Office REIT's earnings last quarter?

City Office REIT, Inc. (NYSE:CIO) released its earnings results on Thursday, May, 5th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.15. City Office REIT had a trailing twelve-month return on equity of 83.29% and a net margin of 271.64%. During the same quarter in the prior year, the company posted $0.33 earnings per share.
View City Office REIT's earnings history
.

How often does City Office REIT pay dividends? What is the dividend yield for City Office REIT?

City Office REIT declared a quarterly dividend on Wednesday, March 16th. Investors of record on Friday, April 8th will be paid a dividend of $0.20 per share on Friday, April 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 6.01%. The ex-dividend date of this dividend is Thursday, April 7th.
View City Office REIT's dividend history
.

Is City Office REIT a good dividend stock?

City Office REIT pays an annual dividend of $0.80 per share and currently has a dividend yield of 5.62%. CIO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. City Office REIT does not yet have a strong track record of dividend growth. The dividend payout ratio of City Office REIT is 7.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, City Office REIT will have a dividend payout ratio of 50.96% next year. This indicates that City Office REIT will be able to sustain or increase its dividend.
View City Office REIT's dividend history.

What guidance has City Office REIT issued on next quarter's earnings?

City Office REIT issued an update on its FY 2022 earnings guidance on Monday, May, 16th. The company provided earnings per share guidance of $1.56-$1.60 for the period. The company issued revenue guidance of -.

What price target have analysts set for CIO?

4 Wall Street analysts have issued 12 month target prices for City Office REIT's stock. Their forecasts range from $16.00 to $20.00. On average, they anticipate City Office REIT's stock price to reach $18.25 in the next year. This suggests a possible upside of 37.1% from the stock's current price.
View analysts' price targets for City Office REIT
or view top-rated stocks among Wall Street analysts.

Who are City Office REIT's key executives?
City Office REIT's management team includes the following people:
  • Mr. James Thomas Farrar CFA, CEO & Director (Age 46, Pay $2.46M) (LinkedIn Profile)
  • Mr. Gregory Tylee, COO & Pres (Age 50, Pay $2.46M)
  • Mr. Anthony Maretic C.A., CFO, Sec. & Treasurer (Age 50, Pay $1.09M)
  • Ms. Stephanie Chung, Sr. VP of Fin.
  • Mr. Ken Pool, Sr. VP of Operations
What other stocks do shareholders of City Office REIT own?
What is City Office REIT's stock symbol?

City Office REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIO."

Who are City Office REIT's major shareholders?

City Office REIT's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.18%), BlackRock Inc. (7.39%), Fuller & Thaler Asset Management Inc. (5.03%), Nomura Holdings Inc. (4.54%), LSV Asset Management (4.52%) and Renaissance Technologies LLC (3.72%). Company insiders that own City Office REIT stock include Anthony Maretic, James Thomas Farrar and William R Flatt.
View institutional ownership trends for City Office REIT
.

Which institutional investors are selling City Office REIT stock?

CIO stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Invesco Ltd., State of New Jersey Common Pension Fund D, Dimensional Fund Advisors LP, Eidelman Virant Capital, UBS Group AG, D.A. Davidson & CO., and HighTower Advisors LLC.
View insider buying and selling activity for City Office REIT
or view top insider-selling stocks.

Which institutional investors are buying City Office REIT stock?

CIO stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Bank of Montreal Can, Envestnet Asset Management Inc., Acadian Asset Management LLC, Arrowstreet Capital Limited Partnership, Russell Investments Group Ltd., Panagora Asset Management Inc., and Sei Investments Co.. Company insiders that have bought City Office REIT stock in the last two years include Anthony Maretic, James Thomas Farrar, and William R Flatt.
View insider buying and selling activity for City Office REIT
or or view top insider-buying stocks.

How do I buy shares of City Office REIT?

Shares of CIO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is City Office REIT's stock price today?

One share of CIO stock can currently be purchased for approximately $13.31.

How much money does City Office REIT make?

City Office REIT has a market capitalization of $579.70 million and generates $164.04 million in revenue each year. The real estate investment trust earns $484.39 million in net income (profit) each year or $10.25 on an earnings per share basis.

How many employees does City Office REIT have?

City Office REIT employs 19 workers across the globe.

What is City Office REIT's official website?

The official website for City Office REIT is www.cityofficereit.com.

How can I contact City Office REIT?

City Office REIT's mailing address is 666 BURRARD STREET SUITE 3210, VANCOUVER A1, V6C 2X8. The real estate investment trust can be reached via phone at (604) 806-3366 or via email at [email protected].

This page was last updated on 5/19/2022 by MarketBeat.com Staff

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