City Office REIT Company Profile (NYSE:CIO)

About City Office REIT

City Office REIT logoCity Office REIT, Inc. is focused on acquiring, owning and operating Class A and B office properties located within its target markets in the United States. The Company operates in the office properties segment. The Company has over 10 primary target markets, which are located in metropolitan areas in the Southern and Western United States. It owns over 10 office complexes consisting of over 30 office buildings with a total area of approximately 3.3 million square feet of net rentable area (NRA) in the metropolitan areas of Boise (Idaho), Denver (Colorado), Portland (Oregon), Tampa (Florida), Allentown (Pennsylvania), Dallas (Texas) and Orlando (FLorida). Approximately 49.1% of the rental revenue from properties is derived from tenants in these markets that are federal or state government agencies or investment grade tenants. Its principal business objective is to provide risk-adjusted returns to investors over the long-term through a combination of dividends and capital appreciation.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Office
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: CIO
  • CUSIP:
Key Metrics:
  • Previous Close: $13.04
  • 50 Day Moving Average: $13.03
  • 200 Day Moving Average: $12.35
  • 52-Week Range: $10.61 - $13.93
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 10.52
  • P/E Growth: 1.20
  • Market Cap: $N/A
  • Beta: 0.19
Profitability:
  • Net Margins: 0.55%
  • Return on Equity: 0.37%
  • Return on Assets: 0.08%
Debt:
  • Debt-to-Equity Ratio: 1.78%
  • Current Ratio: 7.55%
  • Quick Ratio: 7.55%
Additional Links:
Companies Related to City Office REIT:

Analyst Ratings

Consensus Ratings for City Office REIT (NYSE:CIO) (?)
Ratings Breakdown: 4 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $14.88 (14.07% upside)

Analysts' Ratings History for City Office REIT (NYSE:CIO)
Show:
DateFirmActionRatingPrice TargetDetails
8/5/2016Compass PointBoost Price TargetBuy$13.00 -> $14.50View Rating Details
8/5/2016WunderlichBoost Price TargetBuy$14.00 -> $15.00View Rating Details
7/18/2016Deutsche Bank AGReiterated RatingBuy$14.50 -> $15.00View Rating Details
3/9/2016Oppenheimer Holdings Inc.Reiterated RatingOutperform$15.00View Rating Details
6/4/2015Janney Montgomery ScottInitiated CoverageBuyView Rating Details
12/18/2014DA DavidsonInitiated CoverageBuy$14.00View Rating Details
(Data available from 9/28/2014 forward)

Earnings

Earnings History for City Office REIT (NYSE:CIO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/4/2016        
8/4/2016Q216($0.11)$0.22$16.16 million$16.10 millionViewN/AView Earnings Details
5/5/2016Q116($0.19)$0.32$16.33 million$16.30 millionViewN/AView Earnings Details
3/3/2016Q415($0.04)$0.37$16.81 million$17.50 millionViewN/AView Earnings Details
11/6/2015Q315($0.08)$0.33$13.18 millionViewN/AView Earnings Details
8/6/2015Q215($0.05)$0.27$11.48 million$11.63 millionViewN/AView Earnings Details
5/8/2015Q115$0.27$0.26$11.40 million$11.30 millionViewN/AView Earnings Details
3/5/2015Q414$0.27$0.26$10.34 million$10.53 millionViewN/AView Earnings Details
11/17/2014$0.25$0.26ViewN/AView Earnings Details
8/14/2014$0.25$0.22ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for City Office REIT (NYSE:CIO)
Current Year EPS Consensus Estimate: $1.08 EPS
Next Year EPS Consensus Estimate: $1.24 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.29$0.34$0.32
Q2 20162$0.21$0.31$0.26
Q3 20163$0.26$0.36$0.30
Q4 20162$0.29$0.33$0.31
Q1 20172$0.31$0.34$0.33
Q2 20172$0.32$0.35$0.34
Q3 20172$0.31$0.35$0.33
Q4 20172$0.32$0.35$0.34
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for City Office REIT (NYSE:CIO)
Annual Dividend:$0.94
Dividend Yield:7.21%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:-234.99% (Based on Trailing 12 Months of Earnings)
87.04% (Based on Current Year Consensus EPS Estimate)
75.81% (Based on Next Year Consensus EPS Estimate)

Dividend History for City Office REIT (NYSE:CIO)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/16/2016quarterly$0.247.52%10/6/201610/11/201610/25/2016
6/21/2016quarterly$0.247.69%7/5/20167/7/20167/21/2016
3/16/2016quarterly$0.247.65%4/1/20164/5/20164/19/2016
12/21/2015quarterly$0.247.95%1/4/20161/6/20161/20/2016
9/16/2015quarterly$0.248.92%10/1/201510/5/201510/19/2015
6/16/2015quarterly$0.247.53%6/30/20157/3/20157/17/2015
3/20/2015quarterly$0.247.39%3/31/20154/3/20154/17/2015
12/16/2014quarterly$0.247.52%12/31/20141/5/20151/16/2015
9/15/2014quarterly$0.247.34%10/1/201410/3/201410/17/2014
5/12/2014quarterly$0.187/1/20147/3/20147/17/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for City Office REIT (NYSE:CIO)
Insider Ownership Percentage: 8.60%
Institutional Ownership Percentage: 41.13%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/13/2016John R MclernonDirectorBuy1,500$11.56$17,340.00View SEC Filing  
3/9/2016Samuel BelzbergDirectorBuy1,500$12.00$18,000.00View SEC Filing  
3/7/2016Stephen B ShraibergDirectorBuy5,000$12.01$60,050.00View SEC Filing  
11/23/2015Samuel BelzbergDirectorBuy55,000$11.10$610,500.00View SEC Filing  
11/12/2015Samuel BelzbergDirectorBuy11,520$11.00$126,720.00View SEC Filing  
11/11/2015James Thomas FarrarCEOBuy8,650$11.16$96,534.00View SEC Filing  
11/11/2015William R FlattDirectorBuy3,000$11.19$33,570.00View SEC Filing  
12/17/2014Stephen B ShraibergDirectorBuy13,000$12.56$163,280.00View SEC Filing  
12/15/2014Gregory TyleeCOOBuy1,500$12.55$18,825.00View SEC Filing  
12/10/2014Anthony MareticCFOBuy6,900$12.59$86,871.00View SEC Filing  
12/10/2014Stephen B ShraibergDirectorBuy30,000$12.50$375,000.00View SEC Filing  
12/9/2014James Thomas FarrarCEOBuy8,000$12.64$101,120.00View SEC Filing  
12/8/2014Gregory TyleeCOOBuy1,400$12.61$17,654.00View SEC Filing  
9/24/2014William R FlattDirectorBuy1,260$13.29$16,745.40View SEC Filing  
9/4/2014William R FlattDirectorBuy173$12.50$2,162.50View SEC Filing  
9/3/2014William R FlattDirectorBuy67$12.50$837.50View SEC Filing  
8/27/2014James Thomas FarrarCEOBuy10,000$12.80$128,000.00View SEC Filing  
8/19/2014Stephen B ShraibergDirectorBuy5,000$12.57$62,850.00View SEC Filing  
6/10/2014Mark Wilhelm MurskiDirectorBuy4,000$12.52$50,080.00View SEC Filing  
5/30/2014John R MclernonDirectorBuy6,000$12.36$74,160.00View SEC Filing  
5/29/2014James Thomas FarrarCEOBuy8,000$12.31$98,480.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for City Office REIT (NYSE:CIO)
DateHeadline
finance.yahoo.com logo6:02 am City Office REIT prices upsized underwritten public offering of 4 mln shares of its 6.625% Series A Cumulative Redeemable Preferred Stock for gross proceeds of $100 mln (NYSE:CIO)
finance.yahoo.com - September 27 at 8:49 AM
publicnow.com logoCity Office REIT, Inc. Announces Pricing of 6.625% Series A Preferred Stock Offering (NYSE:CIO)
www.publicnow.com - September 27 at 8:49 AM
4-traders.com logoCITY OFFICE REIT : Financial Statements and Exhibits (form 8-K/A) (NYSE:CIO)
www.4-traders.com - September 21 at 4:51 PM
biz.yahoo.com logoCITY OFFICE REIT, INC. Files SEC form 8-K/A, Financial Statements and Exhibits (NYSE:CIO)
biz.yahoo.com - September 21 at 8:16 AM
seekingalpha.com logoCity Office Reit declares $0.235 dividend (NYSE:CIO)
seekingalpha.com - September 16 at 6:01 AM
finance.yahoo.com logoCity Office REIT Announces Dividend for Third Quarter 2016 (NYSE:CIO)
finance.yahoo.com - September 15 at 4:35 PM
thestreet.com logoCity Office REIT Enters Oversold Territory (NYSE:CIO)
www.thestreet.com - September 14 at 4:17 PM
capitalcube.com logoETF’s with exposure to City Office REIT, Inc. : September 14, 2016 (NYSE:CIO)
www.capitalcube.com - September 14 at 4:17 PM
biz.yahoo.com logoCITY OFFICE REIT, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial (NYSE:CIO)
biz.yahoo.com - September 10 at 8:53 AM
capitalcube.com logoETF’s with exposure to City Office REIT, Inc. : August 29, 2016 (NYSE:CIO)
www.capitalcube.com - August 29 at 3:36 PM
capitalcube.com logoCity Office REIT, Inc. breached its 50 day moving average in a Bullish Manner : CIO-US : August 26, 2016 (NYSE:CIO)
www.capitalcube.com - August 26 at 11:30 AM
capitalcube.com logoETF’s with exposure to City Office REIT, Inc. : August 12, 2016 (NYSE:CIO)
www.capitalcube.com - August 12 at 4:12 PM
capitalcube.com logoCity Office REIT, Inc. :CIO-US: Earnings Analysis: Q2, 2016 By the Numbers : August 11, 2016 (NYSE:CIO)
www.capitalcube.com - August 11 at 4:19 PM
finance.yahoo.com logoEdited Transcript of CIO earnings conference call or presentation 4-Aug-16 3:00pm GMT (NYSE:CIO)
finance.yahoo.com - August 5 at 12:37 PM
seekingalpha.com logoColumbia Property Trust Is Poised To Profit (NYSE:CIO)
seekingalpha.com - August 2 at 9:00 AM
4-traders.com logoCity Office REIT : Announces OP Unit Redemption and Addition of Jeffrey Kohn to Board of Directors (NYSE:CIO)
www.4-traders.com - July 21 at 9:45 PM
breakingfinancenews.com logoCity Office REIT (NYSE:CIO) target price bumped up to $15, reported today by Deutsche Bank (NYSE:CIO)
breakingfinancenews.com - July 20 at 12:16 PM
biz.yahoo.com logoCITY OFFICE REIT, INC. Files SEC form 8-K, Unregistered Sale of Equity Securities, Change in Directors or Principal O (NYSE:CIO)
biz.yahoo.com - July 20 at 6:03 AM
publicnow.com logoCity Office REIT Announces OP Unit Redemption and Addition of Jeffrey Kohn to Board of Directors (NYSE:CIO)
www.publicnow.com - July 15 at 7:18 AM
publicnow.com logoCity Office REIT Announces Second Quarter 2016 Earnings Release and Conference Call (NYSE:CIO)
www.publicnow.com - July 14 at 7:18 PM
law360.com logoCity Office REIT To Buy $76M In Florida Properties (NYSE:CIO)
www.law360.com - July 1 at 4:16 PM
capitalcube.com logoCity Office REIT, Inc. : CIO-US: Dividend Analysis : July 07th, 2016 (record date) : By the numbers : June 30, 2016 (NYSE:CIO)
www.capitalcube.com - June 30 at 12:58 PM
finance.yahoo.com logoCity Office REIT to Acquire $76 Million of Office Properties in Florida (NYSE:CIO)
finance.yahoo.com - June 30 at 12:01 PM
publicnow.com logoCity Office REIT Added to the Russell 2000®, Russell 3000® and Russell Global Indexes (NYSE:CIO)
www.publicnow.com - June 27 at 6:31 AM
News IconCity Office REIT Sells Stabler Corporate Center Bldg (NYSE:CIO)
www.costar.com - June 22 at 9:31 PM
streetinsider.com logoCity Office REIT (CIO) Declares $0.235 Quarterly Dividend; 7.7% Yield (NYSE:CIO)
www.streetinsider.com - June 21 at 8:58 AM
finance.yahoo.com logoCity Office REIT Announces Dividend for Second Quarter 2016 (NYSE:CIO)
finance.yahoo.com - June 20 at 4:01 PM
seekingalpha.com logoCity Office REIT Is Poised To Profit (NYSE:CIO)
seekingalpha.com - June 20 at 10:34 AM
finance.yahoo.com logoCoverage initiated on City Office REIT by Deutsche Bank (NYSE:CIO)
finance.yahoo.com - May 31 at 1:54 PM
capitalcube.com logoCity Office REIT, Inc. :CIO-US: Earnings Analysis: Q1, 2016 By the Numbers : May 23, 2016 (NYSE:CIO)
www.capitalcube.com - May 23 at 2:09 PM
biz.yahoo.com logoCITY OFFICE REIT, INC. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders (NYSE:CIO)
biz.yahoo.com - May 19 at 6:17 AM
finance.yahoo.com logoCity Office REIT Announces Tax Treatment of 2015 Distributions (NYSE:CIO)
finance.yahoo.com - February 9 at 4:01 PM
biz.yahoo.com logoCITY OFFICE REIT, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Termination of a Material Defi (NYSE:CIO)
biz.yahoo.com - February 5 at 4:53 PM
publicnow.com logoCity Office REIT, Inc. Announces Closing of Management Internalization (NYSE:CIO)
www.publicnow.com - February 1 at 4:23 PM
News IconCity Office REIT Inc (NYSE:CIO) Given Consensus Rating of “Strong Buy” by Analysts (NYSE:CIO)
sleekmoney.com - January 10 at 5:06 AM
noodls.com logoCity Office REIT Announces Fourth Quarter and Full Year 2015 Earnings Release and Conference Call (NYSE:CIO)
www.noodls.com - January 8 at 7:15 AM
noodls.com logoCity Office REIT Announces Dividend for Fourth Quarter 2015 (NYSE:CIO)
www.noodls.com - December 18 at 6:09 PM
finance.yahoo.com logoCITY OFFICE REIT, INC. Financials (NYSE:CIO)
finance.yahoo.com - December 8 at 1:17 PM
finance.yahoo.com logoWhy You Shouldn't Bet Against City Office Reit (CIO) Stock (NYSE:CIO)
finance.yahoo.com - December 8 at 8:39 AM
finance.yahoo.com logoThe Zacks Analyst Blog Highlights: CBL & Associates Properties, Rouse Properties, Preferred Apartment Communities and City Office Reit (NYSE:CIO)
finance.yahoo.com - November 10 at 9:30 AM
biz.yahoo.com logoCITY OFFICE REIT, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Ex (NYSE:CIO)
biz.yahoo.com - November 6 at 8:14 AM
biz.yahoo.com logoQ3 2015 City Office REIT Inc Earnings Release - Before Market Open (NYSE:CIO)
biz.yahoo.com - November 6 at 7:07 AM
sg.finance.yahoo.com logoCity Office REIT reports 3Q results (NYSE:CIO)
sg.finance.yahoo.com - November 6 at 6:19 AM
noodls.com logoCity Office REIT Reports Third Quarter 2015 Results (NYSE:CIO)
www.noodls.com - November 6 at 6:14 AM

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City Office REIT (NYSE:CIO) Chart for Wednesday, September, 28, 2016


Last Updated on 9/28/2016 by MarketBeat.com Staff