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: $13.00
  • 50 Day Moving Average: $12.84
  • 200 Day Moving Average: $12.79
  • 52-Week Range: $24,382,000.00 - $10.96
  • Trailing P/E Ratio: 288.89
  • Foreward P/E Ratio: -13.00
  • P/E Growth: -9.29
  • Market Cap: $316.97M
  • Outstanding Shares: 24,382,000
  • Beta: 0.18
Profitability:
  • 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%
Additional Links:
Companies Related to City Office REIT:

Analyst Ratings

Consensus Ratings for City Office REIT (NYSE:CIO) (?)
Ratings Breakdown: 5 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $14.90 (14.62% upside)

Analysts' Ratings History for City Office REIT (NYSE:CIO)
Show:
DateFirmActionRatingPrice TargetDetails
11/8/2016DA DavidsonReiterated RatingBuy$15.00View Rating Details
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
(Data available from 2/19/2015 forward)

Earnings

Earnings History for City Office REIT (NYSE:CIO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
3/1/2017        
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)$0.37$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: $-0.14 EPS
Next Year EPS Consensus Estimate: $-1.00 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$0.26$0.33$0.30
Q1 20172$0.26$0.34$0.30
Q2 20172$0.28$0.35$0.32
Q3 20172$0.30$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:7.23%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:-335.70% (Based on Trailing 12 Months of Earnings)
-671.43% (Based on Current Year Consensus EPS Estimate)
-94.00% (Based on Next Year Consensus EPS Estimate)

Dividend History for City Office REIT (NYSE:CIO)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 History for City Office REIT (NYSE:CIO)
Insider Ownership Percentage: 8.60%
Institutional Ownership Percentage: 36.86%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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

Latest Headlines for City Office REIT (NYSE:CIO)
DateHeadline
streetinsider.com logoForm 4 City Office REIT, Inc. For: Feb 15 Filed by: Kohn Jeffrey David (NYSE:CIO)
www.streetinsider.com - February 17 at 5:53 PM
capitalcube.com logoCity Office REIT, Inc. breached its 50 day moving average in a Bullish Manner : CIO-US : February 3, 2017 (NYSE:CIO)
www.capitalcube.com - February 3 at 4:34 PM
finance.yahoo.com logoCity Office REIT Announces Tax Treatment of 2016 Distributions (NYSE:CIO)
finance.yahoo.com - February 3 at 4:34 PM
News IconTalon Private Capital Sells 111,722 SF Office Building in Dallas (NYSE:CIO)
rebusinessonline.com - February 1 at 4:38 PM
streetinsider.com logoForm 5 City Office REIT, Inc. For: Dec 31 Filed by: McLernon John R. (NYSE:CIO)
www.streetinsider.com - February 1 at 2:48 AM
bizjournals.com logoSeattle private capital firm trades Uptown Dallas building to big REIT (NYSE:CIO)
www.bizjournals.com - January 31 at 4:43 PM
streetinsider.com logoForm 4 City Office REIT, Inc. For: Jan 25 Filed by: Maretic Anthony (NYSE:CIO)
www.streetinsider.com - January 27 at 10:42 PM
finance.yahoo.com logoInsider Buying Slows as Trump Inauguration Takes Center Stage: Kindred Biosciences, Mirati Therapeutics, City Office REIT and More (NYSE:CIO)
finance.yahoo.com - January 22 at 4:18 PM
capitalcube.com logoCity Office REIT, Inc. breached its 50 day moving average in a Bullish Manner : CIO-US : January 18, 2017 (NYSE:CIO)
www.capitalcube.com - January 18 at 4:36 PM
insidermonkey.com logoCEO of Low-Priced Syringe Maker Buys 2 Million Shares, Plus Other Noteworthy Insider Trading (NYSE:CIO)
www.insidermonkey.com - January 17 at 5:06 PM
finance.yahoo.com logoCity Office REIT Announces Fourth Quarter and Full Year 2016 Earnings Release and Conference Call (NYSE:CIO)
finance.yahoo.com - January 17 at 5:06 PM
News IconDirector of City Office REIT (NYSE:CIO), Kohn Jeffrey David, buys 20,161 shares worth $249,996 (NYSE:CIO)
empowerednews.net - January 13 at 10:04 PM
finance.yahoo.com logoCity Office REIT, Inc. Announces Closing of Upsized Public Offering of Common Stock and Full Exercise of Underwriters' Option (NYSE:CIO)
finance.yahoo.com - January 13 at 5:03 PM
biz.yahoo.com logoCITY OFFICE REIT, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhib (NYSE:CIO)
biz.yahoo.com - January 12 at 9:39 PM
seekingalpha.com logoCity Office REIT upsized its public offering to 5M shares (NYSE:CIO)
seekingalpha.com - January 10 at 5:01 PM
seekingalpha.com logoCity Office REIT upsized its public offering to 5M shares (NYSE:CIO)
seekingalpha.com - January 10 at 5:01 PM
marketexclusive.com logoCity Office REIT, Inc. (NYSE:CIO) Files An 8-K Financial Statements and Exhibits (NYSE:CIO)
marketexclusive.com - January 10 at 5:01 PM
marketexclusive.com logoCity Office REIT, Inc. (NYSE:CIO) Files An 8-K Financial Statements and Exhibits (NYSE:CIO)
marketexclusive.com - January 10 at 5:01 PM
finance.yahoo.com logoCity Office REIT, Inc. Announces Pricing of Upsized Public Offering of Common Stock (NYSE:CIO)
finance.yahoo.com - January 10 at 5:01 PM
finance.yahoo.com logoCity Office REIT, Inc. Announces Pricing of Upsized Public Offering of Common Stock (NYSE:CIO)
finance.yahoo.com - January 10 at 5:01 PM
reuters.com logoBRIEF-City Office REIT announces public offering of common stock (NYSE:CIO)
www.reuters.com - January 9 at 5:28 PM
finance.yahoo.com logoCity Office REIT, Inc. Announces Public Offering of Common Stock (NYSE:CIO)
finance.yahoo.com - January 9 at 5:28 PM
seekingalpha.com logoCity Office REIT: A View From The Perspective Of A Preferred Investor (NYSE:CIO)
seekingalpha.com - December 29 at 4:43 PM
publicnow.com logoCity Office REIT Announces Dividend for Fourth Quarter 2016 (NYSE:CIO)
www.publicnow.com - December 21 at 10:07 PM
4-traders.com logoCity Office REIT, Inc. (NYSE:CIO) Files An 8-K Completion of Acquisition or Disposition of Assets (NYSE:CIO)
www.4-traders.com - December 21 at 5:01 PM
us.rd.yahoo.com logo4:03 pm City Office REIT announces the closing of two acquisitions in Phoenix, AZ for an aggregate purchase price of approx. $101 mln; update on sale of Washington Group Plaza property (NYSE:CIO)
us.rd.yahoo.com - December 21 at 2:57 AM
seekingalpha.com logoCity Office Goes Vertical With Park Tower Acquisition (NYSE:CIO)
seekingalpha.com - December 20 at 9:57 PM
4-traders.com logoCITY OFFICE REIT, INC. : Completion of Acquisition or Disposition of Assets, Financial Statements and Exhibits (form 8-K) (NYSE:CIO)
www.4-traders.com - December 20 at 9:57 PM
publicnow.com logoCity Office REIT Announces the Acquisition of $101 Million of Phoenix Office Properties and Update on Sale of Washington Group Plaza Property (NYSE:CIO)
www.publicnow.com - December 20 at 4:55 PM
News IconDirector of City Office REIT (NYSE:CIO), Kohn Jeffrey David, buys 3,700 shares worth $45,991 (NYSE:CIO)
empowerednews.net - December 7 at 4:56 PM
capitalcube.com logoCity Office REIT, Inc. breached its 50 day moving average in a Bullish Manner : CIO-US : December 6, 2016 (NYSE:CIO)
www.capitalcube.com - December 6 at 11:57 AM
capitalcube.com logoCity Office REIT, Inc. breached its 50 day moving average in a Bullish Manner : CIO-US : November 23, 2016 (NYSE:CIO)
www.capitalcube.com - November 23 at 1:15 PM
finance.yahoo.com logoKeeley Asset Management's Top 4 New Holdings (NYSE:CIO)
finance.yahoo.com - November 18 at 1:26 PM
finance.yahoo.com logoCITY OFFICE REIT, INC. Financials (NYSE:CIO)
finance.yahoo.com - November 16 at 4:13 PM
News IconSterling Sells 473,000-SF Park Tower in Downtown Tampa (NYSE:CIO)
www.costar.com - November 15 at 4:32 PM
News IconDirector of City Office REIT (NYSE:CIO), Shraiberg Stephen B, buys 4,000 shares worth $96,074 (NYSE:CIO)
empowerednews.net - November 12 at 11:27 AM
capitalcube.com logoCity Office REIT, Inc. breached its 50 day moving average in a Bullish Manner : CIO-US : November 9, 2016 (NYSE:CIO)
www.capitalcube.com - November 9 at 12:00 PM
capitalcube.com logoCity Office REIT, Inc. :CIO-US: Earnings Analysis: Q3, 2016 By the Numbers : November 9, 2016 (NYSE:CIO)
www.capitalcube.com - November 9 at 12:00 PM
biz.yahoo.com logoCITY OFFICE REIT, INC. Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Financial Statements a (NYSE:CIO)
biz.yahoo.com - November 8 at 8:49 PM
finance.yahoo.com logoEdited Transcript of CIO earnings conference call or presentation 7-Nov-16 4:00pm GMT (NYSE:CIO)
finance.yahoo.com - November 8 at 1:50 PM
finance.yahoo.com logoCity Office REIT Reports Third Quarter 2016 Results (NYSE:CIO)
finance.yahoo.com - November 7 at 3:52 PM
seekingalpha.com logoCity Office Reit, Inc. 2016 Q3 - Results - Earnings Call Slides (NYSE:CIO)
seekingalpha.com - November 7 at 3:52 PM
bizjournals.com logoDowntown Tampa's original office tower sold for $79.75 million (NYSE:CIO)
www.bizjournals.com - November 4 at 2:16 PM
News IconOffice buyer lands 7-year, $17.06M BankUnited loan (NYSE:CIO)
therealdeal.com - October 30 at 4:13 PM
reuters.com logoBRIEF-City Office REIT says on Oct 26, raised borrowing capacity from $75 mln to $100 mln - SEC filing (NYSE:CIO)
www.reuters.com - October 28 at 3:56 PM
biz.yahoo.com logoCITY OFFICE REIT, INC. Files SEC form 8-K, Creation of a Direct Financial Obligation or an Obligation under an Off-Ba (NYSE:CIO)
biz.yahoo.com - October 27 at 4:31 PM
finance.yahoo.com logoCity Office REIT Improves Transparency with Yardi Voyager (NYSE:CIO)
finance.yahoo.com - October 25 at 9:05 AM
capitalcube.com logoCity Office REIT, Inc. breached its 50 day moving average in a Bullish Manner : CIO-US : October 24, 2016 (NYSE:CIO)
www.capitalcube.com - October 24 at 9:26 AM
thestreet.com logoRSI Alert: City Office REIT Now Oversold (NYSE:CIO)
www.thestreet.com - October 6 at 9:51 AM
publicnow.com logoCity Office REIT Announces Third Quarter 2016 Earnings Release and Conference Call (NYSE:CIO)
www.publicnow.com - October 5 at 9:26 AM

Social

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 Thursday, December 22nd. Stockholders of record on Friday, January 13th will be given a dividend of $0.235 per share on Wednesday, January 25th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.23%. The ex-dividend date of this dividend is Wednesday, January 11th.

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

5 brokerages have issued twelve-month target prices for City Office REIT's shares. Their forecasts range from $14.50 to $15.00. On average, they expect City Office REIT's stock price to reach $14.90 in the next twelve months.

When will City Office REIT announce their earnings?

City Office REIT is scheduled to release their next quarterly earnings announcement on Wednesday, March, 1st 2017.

Who owns City Office REIT stock?

City Office REIT's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (2.06%), Silvercrest Asset Management Group LLC (1.59%), State Street Corp (1.29%), Perritt Capital Management Inc. (0.94%), Martingale Asset Management L P (0.51%) and Wall Street Associates (0.44%). Company insiders that own City Office REIT stock include James Thomas Farrar, Jeffrey David Kohn, John R Mclernon, Samuel Belzberg, Stephen B Shraiberg and William R Flatt.

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 Renaissance Technologies LLC, Martingale Asset Management L P, Wall Street Associates, State Street Corp, Friedberg Investment Management and Bard Associates Inc..

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

City Office REIT's stock was bought by a variety of institutional investors in the last quarter, including Silvercrest Asset Management Group LLC, First Allied Advisory Services Inc., Two Sigma Investments LP, GSA Capital Partners LLP, Dimensional Fund Advisors LP, Russell Investments Group Ltd., Baird Financial Group Inc. and Ladenburg Thalmann Financial Services Inc.. Company insiders that have bought City Office REIT stock in the last two years include James Thomas Farrar, Jeffrey David Kohn, John R Mclernon, Samuel Belzberg, Stephen B Shraiberg and William R Flatt.

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 $13.00.

City Office REIT (NYSE:CIO) Chart for Sunday, February, 19, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for City Office REIT (NYSE:CIO)

Earnings History Chart

Earnings by Quarter for City Office REIT (NYSE:CIO)

Dividend History Chart

Dividend Payments by Quarter for City Office REIT (NYSE:CIO)

Last Updated on 2/19/2017 by MarketBeat.com Staff