City Office REIT Company Profile (NYSE:CIO)

About City Office REIT (NYSE:CIO)

City Office REIT logoCity 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. (the Operating Partnership). As of December 31, 2016, it owned 18 office complexes consisting of 37 office buildings with a total of approximately 4.4 million square feet of net rentable area (NRA) in the metropolitan areas of Boise, Dallas, Denver, Orlando, Phoenix, Portland and Tampa. Its properties include Park Tower, City Center, Intellicenter and Carillon Point in Tampa, Florida; Cherry Creek, Plaza 25, DTC Crossroads, Superior Pointe and Logan Tower in Denver, Colorado; Washington Group Plaza in Boise, Idaho; FRP Collection, Central Fairwinds and FRP Ingenuity Drive in Orlando, Florida; 190 Office Center and Lake Vista Pointe in Dallas, Texas, and SanTan in Phoenix, Arizona.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Office
  • Sub-Industry: N/A
  • Symbol: NYSE:CIO
  • CUSIP: N/A
  • Web: www.cityofficereit.com
Capitalization:
  • Market Cap: $368.83 million
  • Outstanding Shares: 30,257,000
Average Prices:
  • 50 Day Moving Avg: $12.33
  • 200 Day Moving Avg: $12.52
  • 52 Week Range: $11.34 - $13.93
P/E:
  • Trailing P/E Ratio: 253.96
  • Foreward P/E Ratio: -76.19
  • P/E Growth: -4.65
Sales & Book Value:
  • Annual Revenue: $81.59 million
  • Price / Sales: 4.52
  • Book Value: $6.57 per share
  • Price / Book: 1.86
Dividend:
  • Annual Dividend: $0.94
  • Dividend Yield: 7.8%
Profitability:
  • EBIDTA: $42.68 million
  • Net Margins: 1.33%
  • Return on Equity: 0.79%
  • Return on Assets: 0.20%
Debt:
  • Debt-to-Equity Ratio: 1.93%
  • Current Ratio: 3.82%
  • Quick Ratio: 3.82%
Misc:
  • Average Volume: 149,658 shs.
  • Beta: 0.18
  • Short Ratio: 2.46
 

Frequently Asked Questions for City Office REIT (NYSE:CIO)

What is City Office REIT's stock symbol?

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

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 22nd. Shareholders of record on Tuesday, April 11th will be paid a dividend of $0.235 per share on Tuesday, April 25th. This represents a $0.94 annualized dividend and a yield of 7.71%. The ex-dividend date of this dividend is Friday, April 7th. View City Office REIT's Dividend History.

How were City Office REIT's earnings last quarter?

City Office REIT Inc (NYSE:CIO) issued its earnings results on Friday, May, 5th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.22 by $0.33. The business earned $25.40 million during the quarter, compared to analysts' expectations of $24.54 million. City Office REIT had a return on equity of 0.79% and a net margin of 1.33%. City Office REIT's quarterly revenue was up 55.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS. View City Office REIT's Earnings History.

When will City Office REIT make its next earnings announcement?

City Office REIT is scheduled to release their next quarterly earnings announcement on Wednesday, August, 2nd 2017. View Earnings Estimates for City Office REIT.

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

City Office REIT issued an update on its FY17 earnings guidance on Thursday, March, 2nd. The company provided earnings per share (EPS) guidance of $1.03-1.09 for the period, compared to the Thomson Reuters consensus estimate of $1.19.

Where is City Office REIT's stock going? Where will City Office REIT's stock price be in 2017?

5 brokers have issued 1 year price objectives for City Office REIT's stock. Their predictions range from $14.00 to $15.00. On average, they anticipate City Office REIT's stock price to reach $14.63 in the next twelve months. View Analyst Ratings for City Office REIT.

Who are some of City Office REIT's key competitors?

Who owns City Office REIT stock?

City Office REIT's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (3.43%), Principal Financial Group Inc. (3.27%), LSV Asset Management (2.22%), Orinda Asset Management LLC (2.03%), Renaissance Technologies LLC (2.02%) and State of New Jersey Common Pension Fund D (1.24%). Company insiders that own City Office REIT stock include James Thomas Farrar, Jeffrey David Kohn, John R Mclernon, John Sweet, Mark Wilhelm Murski, Samuel Belzberg, Stephen B Shraiberg and William R Flatt. View Institutional Ownership Trends for City Office REIT.

Who sold City Office REIT stock? Who is selling City Office REIT stock?

City Office REIT's stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Kennedy Capital Management Inc., Morgan Stanley, Alliancebernstein L.P., ICM Asset Management Inc. WA, Parametric Portfolio Associates LLC, Foresters Investment Management Company Inc. and Bard Associates Inc.. View Insider Buying and Selling for City Office REIT.

Who bought City Office REIT stock? Who is buying City Office REIT stock?

City Office REIT's stock was acquired by a variety of institutional investors in the last quarter, including LSV Asset Management, Emerald Mutual Fund Advisers Trust, Principal Financial Group Inc., Orinda Asset Management LLC, Vanguard Group Inc., Dimensional Fund Advisors LP, Renaissance Technologies LLC and Thrivent Financial For Lutherans. Company insiders that have bought City Office REIT stock in the last two years include James Thomas Farrar, Jeffrey David Kohn, John R Mclernon, John Sweet, Mark Wilhelm Murski, Samuel Belzberg, Stephen B Shraiberg and William R Flatt. View Insider Buying and Selling for City Office REIT.

How do I buy City Office REIT stock?

Shares of City Office REIT can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of City Office REIT stock cost?

One share of City Office REIT stock can currently be purchased for approximately $12.19.

Analyst Ratings

Consensus Ratings for City Office REIT (NYSE:CIO) (?)
Ratings Breakdown: 1 Hold Rating, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.80)
Consensus Price Target: $14.63 (19.98% upside)

Analysts' Ratings History for City Office REIT (NYSE:CIO)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/20/2017Deutsche Bank AGLower Price TargetBuy$15.50 -> $14.00LowView Rating Details
3/1/2017Raymond James Financial, Inc.Initiated CoverageMkt Perform -> Market PerformN/AView Rating Details
11/8/2016DA DavidsonReiterated RatingBuy$15.00N/AView Rating Details
8/5/2016Compass PointBoost Price TargetBuy$13.00 -> $14.50N/AView Rating Details
8/5/2016WunderlichBoost Price TargetBuy$14.00 -> $15.00N/AView Rating Details
3/9/2016Oppenheimer Holdings Inc.Reiterated RatingOutperform$15.00N/AView Rating Details
6/4/2015Janney Montgomery ScottInitiated CoverageBuyN/AView Rating Details
(Data available from 5/24/2015 forward)

Earnings

Earnings History for City Office REIT (NYSE:CIO)
Earnings by Quarter for City Office REIT (NYSE:CIO)
Earnings History by Quarter for City Office REIT (NYSE:CIO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/2/2017        
5/5/20173/31/2017$0.22($0.11)$24.54 million$25.40 millionViewN/AView Earnings Details
3/2/201712/31/2016($0.24)($0.21)$20.99 million$21.30 millionViewListenView Earnings Details
11/7/2016Q316$0.25$0.27$7.98 million$18.79 millionViewListenView Earnings Details
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)($0.12)$16.81 million$17.50 millionViewN/AView Earnings Details
11/6/2015Q315$0.32$0.33$13.93 million$14.62 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($0.06)$11.40 million$11.30 millionViewN/AView Earnings Details
3/5/2015Q414$0.27($0.14)$10.34 million$10.53 millionViewN/AView Earnings Details
8/14/2014Q2 2014$0.25$0.22$7.94 million$8.39 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for City Office REIT (NYSE:CIO)
2017 EPS Consensus Estimate: $1.16
2018 EPS Consensus Estimate: $1.04
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.22$0.34$0.28
Q2 20172$0.22$0.35$0.29
Q3 20172$0.24$0.35$0.30
Q4 20172$0.25$0.35$0.30
Q1 20181$0.24$0.24$0.24
Q2 20181$0.25$0.25$0.25
Q3 20181$0.27$0.27$0.27
Q4 20181$0.28$0.28$0.28
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for City Office REIT (NYSE:CIO)
Most Recent Dividend:4/25/2017
Annual Dividend:$0.94
Dividend Yield:7.71%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:-335.70% (Trailing 12 Months of Earnings)
-361.54% (Based on This Year's Estimates)
-587.50% (Based on Next Year's Estimates)
Dividend Payments by Quarter for City Office REIT (NYSE:CIO)

Dividend History by Quarter for City Office REIT (NYSE:CIO)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
3/22/2017quarterly$0.247.95%4/7/20174/11/20174/25/2017
12/22/2016quarterly$0.247.37%1/11/20171/13/20171/25/2017
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 and Institutional Ownership History for City Office REIT (NYSE:CIO)
Insider Ownership Percentage: 8.60%
Institutional Ownership Percentage: 36.86%
Insider Trades by Quarter for City Office REIT (NYSE:CIO)
Institutional Ownership by Quarter for City Office REIT (NYSE:CIO)
Insider Trades by Quarter for City Office REIT (NYSE:CIO)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/11/2017John SweetDirectorBuy1,000$12.09$12,090.00View SEC Filing  
5/9/2017Stephen B ShraibergDirectorBuy2,000$12.24$24,480.00View SEC Filing  
3/16/2017Mark Wilhelm MurskiDirectorBuy5,000$12.01$60,050.00View SEC Filing  
3/15/2017James Thomas FarrarCEOBuy10,000$11.55$115,500.00View SEC Filing  
3/15/2017John R MclernonDirectorBuy2,000$11.61$23,220.00View SEC Filing  
1/13/2017Jeffrey David KohnDirectorBuy20,161$12.40$249,996.40View SEC Filing  
12/9/2016James Thomas FarrarCEOBuy8,000$12.66$101,280.00View SEC Filing  
12/6/2016Jeffrey David KohnDirectorBuy3,700$12.43$45,991.00View SEC Filing  
11/14/2016William R FlattDirectorBuy36$12.00$432.00View SEC Filing  
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

Headline Trends for City Office REIT (NYSE:CIO)
Latest Headlines for City Office REIT (NYSE:CIO)
Source:
DateHeadline
americanbankingnews.com logoCity Office REIT Inc (CIO) Upgraded at TheStreet
www.americanbankingnews.com - May 21 at 10:34 PM
finance.yahoo.com logoCity Office REIT, Inc. breached its 50 day moving average in a Bullish Manner : CIO-US : May 16, 2017
finance.yahoo.com - May 16 at 10:06 AM
americanbankingnews.com logoCity Office REIT Inc (CIO) Director Acquires $12,090.00 in Stock
www.americanbankingnews.com - May 12 at 5:10 PM
forbes.com logoRFID's "Metal Problem" Has been Solved by Iowa's Metalcraft, Inc.
www.forbes.com - May 11 at 4:57 PM
americanbankingnews.com logoCity Office REIT Inc Expected to Earn Q4 2017 Earnings of $0.25 Per Share (CIO)
www.americanbankingnews.com - May 11 at 12:48 PM
americanbankingnews.com logoCity Office REIT Inc (CIO) Director Purchases $24,480.00 in Stock
www.americanbankingnews.com - May 10 at 1:50 PM
americanbankingnews.com logoCity Office REIT Inc (CIO) Forecasted to Post Q2 2017 Earnings of $0.22 Per Share
www.americanbankingnews.com - May 10 at 8:40 AM
bizjournals.com logoMedical device marketing firm opens Austin office to cash in on city's health-tech reputation
www.bizjournals.com - May 9 at 9:19 PM
seekingalpha.com logo7.5% Yield And High Insider Ownership At City Office
seekingalpha.com - May 9 at 9:19 PM
finance.yahoo.com logoEdited Transcript of CIO earnings conference call or presentation 5-May-17 3:00pm GMT
finance.yahoo.com - May 9 at 9:19 PM
americanbankingnews.com logoCity Office REIT Inc (CIO) Lowered to "Hold" at Zacks Investment Research
www.americanbankingnews.com - May 9 at 6:24 PM
americanbankingnews.com logoCity Office REIT Inc (CIO) Upgraded to "Buy" by Zacks Investment Research
www.americanbankingnews.com - May 8 at 6:38 PM
americanbankingnews.com logoZacks: Analysts Expect City Office REIT Inc (CIO) Will Announce Earnings of $0.22 Per Share
www.americanbankingnews.com - May 8 at 12:20 PM
americanbankingnews.com logoCity Office REIT Inc (CIO) Given Average Recommendation of "Buy" by Analysts
www.americanbankingnews.com - May 8 at 12:04 PM
seekingalpha.com logoCity Office REIT's (CIO) CEO Jamie Farrar on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 6 at 5:22 AM
finance.yahoo.com logoCity Office REIT Reports First Quarter 2017 Results
finance.yahoo.com - May 5 at 4:31 PM
finance.yahoo.com logoCity Office REIT reports 1Q results
finance.yahoo.com - May 5 at 4:31 PM
americanbankingnews.com logoCity Office REIT Inc (CIO) Releases Earnings Results, Beats Expectations By $0.42 EPS
www.americanbankingnews.com - May 5 at 4:18 PM
finance.yahoo.com logoCity Office REIT, Inc. breached its 50 day moving average in a Bearish Manner : CIO-US : May 4, 2017
finance.yahoo.com - May 4 at 4:27 PM
americanbankingnews.com logoCity Office REIT (CIO) Earns News Sentiment Score of -0.03
www.americanbankingnews.com - May 3 at 12:37 PM
americanbankingnews.com logoCity Office REIT Inc (CIO) Set to Announce Quarterly Earnings on Friday
www.americanbankingnews.com - May 3 at 8:08 AM
americanbankingnews.com logoCity Office REIT (CIO) Getting Favorable Media Coverage, Report Finds
www.americanbankingnews.com - April 30 at 12:27 PM
seekingalpha.com logoTop 3 Office REIT Picks Of April 2017
seekingalpha.com - April 27 at 10:31 AM
seekingalpha.com logoAll City Office Needs Is Shelf Space
seekingalpha.com - April 26 at 4:50 PM
finance.yahoo.com logoCity Office REIT, Inc. breached its 50 day moving average in a Bullish Manner : CIO-US : April 19, 2017
finance.yahoo.com - April 19 at 12:53 PM
americanbankingnews.com logo Analysts Expect City Office REIT Inc (CIO) Will Announce Quarterly Sales of $23.26 Million
www.americanbankingnews.com - April 19 at 11:39 AM
americanbankingnews.com logoCity Office REIT (CIO) Getting Somewhat Favorable Media Coverage, Study Finds
www.americanbankingnews.com - April 18 at 2:18 PM
finance.yahoo.com logoCity Office REIT Announces First Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - April 18 at 12:24 PM
americanbankingnews.com logo Brokerages Anticipate City Office REIT Inc (CIO) to Announce $0.22 EPS
www.americanbankingnews.com - April 17 at 1:32 PM
americanbankingnews.com logoCity Office REIT (CIO) Getting Favorable News Coverage, Report Finds
www.americanbankingnews.com - April 15 at 11:21 AM
americanbankingnews.com logoCity Office REIT Inc (CIO) Downgraded to D at TheStreet
www.americanbankingnews.com - April 11 at 2:45 PM
americanbankingnews.com logoCity Office REIT Inc (CIO) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - April 11 at 11:50 AM
thestreet.com logoCity Office REIT Is Oversold
www.thestreet.com - March 24 at 4:38 PM
americanbankingnews.com logoCity Office REIT Inc Announces Quarterly Dividend of $0.24 (CIO)
www.americanbankingnews.com - March 22 at 6:52 PM
finance.yahoo.com logoCity Office REIT Announces Dividends for First Quarter 2017
finance.yahoo.com - March 21 at 4:37 PM
americanbankingnews.com logoCity Office REIT Inc (CIO) Price Target Cut to $14.00 by Analysts at Deutsche Bank AG
www.americanbankingnews.com - March 20 at 8:33 PM
americanbankingnews.com logoCity Office REIT Inc (CIO) Receives Consensus Rating of “Buy” from Analysts
www.americanbankingnews.com - March 16 at 12:19 PM
americanbankingnews.com logoCity Office REIT Inc (CIO) CEO Purchases $115,500.00 in Stock
www.americanbankingnews.com - March 16 at 8:45 AM
biz.yahoo.com logoCITY OFFICE REIT, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Amendments to Articles of Inc.
biz.yahoo.com - March 14 at 9:13 PM
americanbankingnews.com logoZacks Investment Research Downgrades City Office REIT Inc (CIO) to Sell
www.americanbankingnews.com - March 9 at 6:30 PM
reuters.com logoBRIEF-City Office REIT sees FY same store cash NOI increase 4 pct - 6 pct
www.reuters.com - March 3 at 9:19 PM
seekingalpha.com logoCity Office REIT's (CIO) CEO Jamie Farrar on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - March 3 at 9:19 PM
biz.yahoo.com logoCITY OFFICE REIT, INC. Files SEC form 10-K, Annual Report
biz.yahoo.com - March 3 at 4:17 PM
seekingalpha.com logoCity Office REIT, Inc. 2016 Q4 - Results - Earnings Call Slides
seekingalpha.com - March 3 at 2:34 AM
finance.yahoo.com logoEdited Transcript of CIO earnings conference call or presentation 2-Mar-17 4:00pm GMT
finance.yahoo.com - March 3 at 2:34 AM
us.rd.yahoo.com logoCity Office REIT Reports Fourth Quarter and Full Year 2016 Results
us.rd.yahoo.com - March 2 at 4:32 PM
biz.yahoo.com logoCITY OFFICE REIT, INC. Files SEC form 8-K/A, Financial Statements and Exhibits
us.rd.yahoo.com - March 2 at 4:32 PM
biz.yahoo.com logoQ4 2016 City Office REIT Inc Earnings Release - Before Market Open
biz.yahoo.com - March 2 at 4:32 PM
finance.yahoo.com logoCoverage initiated on City Office REIT by Raymond James
finance.yahoo.com - March 1 at 9:23 PM
finance.yahoo.com logoCity Office REIT Appoints John W. Sweet to its Board as Independent Director
finance.yahoo.com - March 1 at 9:23 PM

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Chart

City Office REIT (CIO) Chart for Wednesday, May, 24, 2017

This page was last updated on 5/24/2017 by MarketBeat.com Staff