NYSE:CIO - City Office REIT Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$11.05 +0.24 (+2.22 %)
(As of 03/26/2019 04:00 PM ET)
Previous Close$10.81
Today's Range$10.82 - $11.07
52-Week Range$9.73 - $13.20
Volume126,500 shs
Average Volume216,612 shs
Market Capitalization$436.97 million
P/E Ratio10.23
Dividend Yield8.70%
Beta0.5
City Office REIT, Inc. (NYSE: CIO) invests in high-quality office properties in mid-sized metropolitan areas with strong economic fundamentals, primarily in the Southern and Western United States. At September 30, 2018, CIO owned office complexes comprising 5.3 million square feet of net rentable area (“NRA”).

Receive CIO News and Ratings via Email

Sign-up to receive the latest news and ratings for CIO and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone604-806-3366

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$129.48 million
Cash Flow$2.3511 per share
Book Value$7.24 per share

Profitability

Net Income$38.17 million

Miscellaneous

Employees18
Market Cap$436.97 million
Next Earnings Date5/3/2019 (Estimated)
OptionableOptionable

City Office REIT (NYSE:CIO) Frequently Asked Questions

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 announced a quarterly dividend on Monday, March 18th. Investors of record on Thursday, April 11th will be paid a dividend of $0.235 per share on Thursday, April 25th. This represents a $0.94 dividend on an annualized basis and a yield of 8.51%. The ex-dividend date is Wednesday, April 10th. View City Office REIT's Dividend History.

How will City Office REIT's stock buyback program work?

City Office REIT declared that its Board of Directors has initiated a share repurchase plan on Saturday, March 3rd 2018, which authorizes the company to buyback $40,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

How were City Office REIT's earnings last quarter?

City Office REIT Inc (NYSE:CIO) issued its quarterly earnings data on Thursday, August, 2nd. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.25 by $0.32. The real estate investment trust earned $30.24 million during the quarter, compared to analysts' expectations of $31.09 million. City Office REIT had a net margin of 29.48% and a return on equity of 13.28%. View City Office REIT's Earnings History.

When is City Office REIT's next earnings date?

City Office REIT is scheduled to release their next quarterly earnings announcement on Friday, May 3rd 2019. View Earnings Estimates for City Office REIT.

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

City Office REIT updated its FY 2019 earnings guidance on Wednesday, February, 27th. The company provided earnings per share (EPS) guidance of $1.15-1.20 for the period.

What price target have analysts set for CIO?

4 Wall Street analysts have issued 1 year target prices for City Office REIT's shares. Their forecasts range from $14.00 to $15.00. On average, they anticipate City Office REIT's stock price to reach $14.25 in the next twelve months. This suggests a possible upside of 29.0% from the stock's current price. View Analyst Price Targets for City Office REIT.

What is the consensus analysts' recommendation for City Office REIT?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for City Office REIT in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for City Office REIT.

What are Wall Street analysts saying about City Office REIT stock?

Here are some recent quotes from research analysts about City Office REIT stock:
  • 1. According to Zacks Investment Research, "City Office REIT, Inc. is a real estate investment trust. It focuses on acquiring, owning, and operating office properties in the United States. The Company invests in properties located in metropolitan areas in the Southern and Western United States. City Office REIT, Inc. is based in Vancouver, Canada. " (3/21/2019)
  • 2. Boenning Scattergood analysts commented, "We remain positive about the prospect of CIO shares to outperform those of peers, and we believe the dividend is stable. Importantly, we observe that CIO has amassed a portfolio of over 5.7 million square feet of Class A office space in markets that are of interest to larger players. The seven cities where CIO owns properties have had approximately 7 million square feet of positive absorption of office space and new construction is limited. These fundamentals give us confidence that CIO’s investment strategy will result in value creation and dividend coverage in 2019. We maintain our Outperform rating and raise our price target to $14.50, which is based on a discount to estimated forward NAV of $15.25." (2/28/2019)

Has City Office REIT been receiving favorable news coverage?

News headlines about CIO stock have trended somewhat positive this week, according to InfoTrie. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. City Office REIT earned a coverage optimism score of 1.0 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the company's share price in the near term.

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

What other stocks do shareholders of City Office REIT own?

Who are City Office REIT's key executives?

City Office REIT's management team includes the folowing people:
  • Mr. James Thomas Farrar CFA, CEO & Director (Age 43)
  • Mr. Gregory Tylee, COO & Pres (Age 47)
  • Mr. Anthony Maretic C.A., CFO, Treasurer & Sec. (Age 47)

Who are City Office REIT's major shareholders?

City Office REIT's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.55%), LSV Asset Management (5.32%), Nuveen Asset Management LLC (2.26%), Principal Financial Group Inc. (2.08%), Real Estate Management Services LLC (1.90%) and D.A. Davidson & CO. (1.66%). Company insiders that own City Office REIT stock include Gregory Tylee, James Thomas Farrar, John Sweet and Stephen B Shraiberg. View Institutional Ownership Trends for City Office REIT.

Which major investors are selling City Office REIT stock?

CIO stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Real Estate Management Services LLC, Nuveen Asset Management LLC, Martingale Asset Management L P, Orinda Asset Management LLC, Millennium Management LLC, Janney Montgomery Scott LLC and Thrivent Financial for Lutherans. View Insider Buying and Selling for City Office REIT.

Which major investors are buying City Office REIT stock?

CIO stock was acquired by a variety of institutional investors in the last quarter, including LSV Asset Management, BlackRock Inc., Northern Trust Corp, Monarch Partners Asset Management LLC, Chicago Equity Partners LLC, Dimensional Fund Advisors LP, Dimensional Fund Advisors LP and Geode Capital Management LLC. Company insiders that have bought City Office REIT stock in the last two years include Gregory Tylee, James Thomas Farrar, John Sweet and Stephen B Shraiberg. View Insider Buying and Selling for City Office REIT.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is City Office REIT's stock price today?

One share of CIO stock can currently be purchased for approximately $11.05.

How big of a company is City Office REIT?

City Office REIT has a market capitalization of $436.97 million and generates $129.48 million in revenue each year. The real estate investment trust earns $38.17 million in net income (profit) each year or $1.08 on an earnings per share basis. City Office REIT employs 18 workers across the globe.

What is City Office REIT's official website?

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

How can I contact City Office REIT?

City Office REIT's mailing address is 1075 WEST GEORGIA STREET SUITE 2010, VANCOUVER A1, V6E 3C9. The real estate investment trust can be reached via phone at 604-806-3366 or via email at [email protected]


MarketBeat Community Rating for City Office REIT (NYSE CIO)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  202 (Vote Outperform)
Underperform Votes:  215 (Vote Underperform)
Total Votes:  417
MarketBeat's community ratings are surveys of what our community members think about City Office REIT and other stocks. Vote "Outperform" if you believe CIO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CIO will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/26/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel