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

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

City Office REIT declared a quarterly dividend on Monday, September 16th. Stockholders of record on Friday, October 11th will be paid a dividend of $0.235 per share on Friday, October 25th. This represents a $0.94 annualized dividend and a dividend yield of 7.51%. The ex-dividend date of this dividend is Thursday, October 10th. View City Office REIT's Dividend History.

City Office REIT declared that its board has initiated a share repurchase program on Saturday, March 3rd 2018, which permits the company to buyback $40,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is undervalued.

City Office REIT Inc (NYSE:CIO) issued its quarterly earnings results 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 negative return on equity of 2.66% and a negative net margin of 5.18%. View City Office REIT's Earnings History.

City Office REIT is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for City Office REIT.

4 analysts have issued 12 month price targets for City Office REIT's shares. Their forecasts range from $12.00 to $15.00. On average, they expect City Office REIT's stock price to reach $13.75 in the next year. This suggests a possible upside of 9.9% from the stock's current price. View Analyst Price Targets 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 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for City Office REIT.

News headlines about CIO stock have been trending somewhat negative on Saturday, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. City Office REIT earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for City Office REIT.

Some companies that are related to City Office REIT include Brandywine Realty Trust (BDN), Lexington Realty Trust (LXP), Empire State Realty Trust (ESRT), Columbia Property Trust (CXP), Washington Real Estate Investment Trust (WRE), Invesco Mortgage Capital (IVR), Great Portland Estates (GPEAF), Colony Capital (CLNY), Acadia Realty Trust (AKR), DiamondRock Hospitality (DRH), Retail Opportunity Investments (ROIC), Ladder Capital (LADR), Hannon Armstrong Sustnbl Infrstr Cap (HASI), Essential Properties Realty Trust (EPRT) and PennyMac Mortgage Investment Trust (PMT).

Based on aggregate information from My MarketBeat watchlists, some companies that other City Office REIT investors own include Energy Transfer LP Unit (ET), CBL & Associates Properties (CBL), New Residential Investment (NRZ), AT&T (T), Western Asset Mortgage Capital (WMC), NGL Energy Partners (NGL), SunCoke Energy Partners (SXCP), AGNC Investment (AGNC), Cornerstone Total Return Fund (CRF) and Ares Capital (ARCC).

City Office REIT's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include State Street Corp (1.91%), Keeley Teton Advisors LLC (1.10%), Dalton Greiner Hartman Maher & Co. (0.88%), D.A. Davidson & CO. (0.87%), Millennium Management LLC (0.56%) and California Public Employees Retirement System (0.40%). 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.

CIO stock was sold by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Dubuque Bank & Trust Co., WESPAC Advisors LLC, Dalton Greiner Hartman Maher & Co., Keeley Teton Advisors LLC, State of Alaska Department of Revenue, Janney Montgomery Scott LLC and Deltec Asset Management LLC. View Insider Buying and Selling for City Office REIT.

CIO stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Bowling Portfolio Management LLC, Chicago Equity Partners LLC, Squarepoint Ops LLC, State Street Corp, California Public Employees Retirement System, Bridge City Capital LLC and Public Employees Retirement System of Ohio. 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.

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, Robinhood, Fidelity and Charles Schwab.

One share of CIO stock can currently be purchased for approximately $12.51.

City Office REIT has a market capitalization of $682.38 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.View Additional Information About City Office REIT.

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

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]