NYSE:CIO - City Office REIT Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding City Office REIT Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $13.25 +0.03 (+0.23 %) (As of 12/6/2019 04:00 PM ET) Add Compare Today's Range$13.24Now: $13.25▼$13.3850-Day Range$12.90MA: $13.37▼$13.6452-Week Range$9.73Now: $13.25▼$14.50Volume395,419 shsAverage Volume364,084 shsMarket Capitalization$722.75 millionP/E Ratio12.27Dividend Yield7.11%Beta0.44 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email City Office REIT, Inc (NYSE: CIO) invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the Southern and Western United States. At December 31, 2018, CIO owned office complexes comprising 5.7 million square feet of net rentable area (NRA). Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:CIO Previous Symbol CUSIPN/A CIK1593222 Webhttp://www.cityofficereit.com/ Phone604-806-3366Debt Debt-to-Equity Ratio1.83 Current Ratio2.26 Quick Ratio2.26Price-To-Earnings Trailing P/E Ratio12.27 Forward P/E Ratio13.66 P/E GrowthN/A Sales & Book Value Annual Sales$129.48 million Price / Sales5.58 Cash Flow$2.29 per share Price / Cash Flow5.78 Book Value$7.24 per share Price / Book1.83Profitability EPS (Most Recent Fiscal Year)$1.08 Net Income$38.17 million Net Margins-5.18% Return on Equity-2.66% Return on Assets-0.68%Miscellaneous Employees18 Outstanding Shares54,547,000Market Cap$722.75 million Next Earnings Date2/26/2020 (Estimated) OptionableOptionable 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. CIO Rates by TradingView 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, 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 7.09%. The ex-dividend date of this dividend is Thursday, October 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 has authorized a stock repurchase program on Saturday, March 3rd 2018, which authorizes the company to repurchase $40,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued. How were City Office REIT's earnings last quarter? City Office REIT Inc (NYSE:CIO) announced its quarterly earnings data on Thursday, August, 2nd. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by $0.32. The real estate investment trust earned $30.24 million during the quarter, compared to analyst estimates of $31.09 million. City Office REIT had a negative net margin of 5.18% and a negative return on equity of 2.66%. 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 Wednesday, February 26th 2020. View Earnings Estimates for City Office REIT. What price target have analysts set for CIO? 4 Wall Street analysts have issued 1-year price objectives for City Office REIT's stock. Their forecasts range from $12.00 to $15.00. On average, they anticipate City Office REIT's share price to reach $13.75 in the next year. This suggests a possible upside of 3.8% 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 1 hold rating and 3 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. " (11/7/2019) 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 as it is very nearly covered by AFFO and we think the BOD is committed to the current dividend. 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 as evidenced by NAV growth. We maintain our Outperform rating and our $14.50 price target, which is based on a discount to estimated forward NAV of $15.25." (5/6/2019) Has City Office REIT been receiving favorable news coverage? News articles about CIO stock have been trending extremely negative on Friday, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. City Office REIT earned a news sentiment score of -4.3 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 near future. View News Stories for City Office REIT. Who are some of City Office REIT's key competitors? Some companies that are related to City Office REIT include MGM Growth Properties (MGP), RLJ Lodging Trust (RLJ), American Assets Trust (AAT), Potlatchdeltic (PCH), Apollo Commercial Real Est. Finance (ARI), Lexington Realty Trust (LXP), Brandywine Realty Trust (BDN), CYRELA BRAZIL R/S (CYRBY), Empire State Realty Trust (ESRT), Washington Real Estate Investment Trust (WRE), Columbia Property Trust (CXP), Colony Capital (CLNY), Invesco Mortgage Capital (IVR), Acadia Realty Trust (AKR) and Great Portland Estates (GPEAF). What other stocks do shareholders of City Office REIT own? 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). 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 variety of of institutional and retail investors. Top institutional investors 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. Which major investors are selling City Office REIT stock? 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. Which major investors are buying City Office REIT stock? 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. 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, Robinhood, Fidelity and Charles Schwab. What is City Office REIT's stock price today? One share of CIO stock can currently be purchased for approximately $13.25. How big of a company is City Office REIT? City Office REIT has a market capitalization of $722.75 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. 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 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] MarketBeat Community Rating for City Office REIT (NYSE CIO)Community Ranking: 2.4 out of 5 ( )Outperform Votes: 241 (Vote Outperform)Underperform Votes: 263 (Vote Underperform)Total Votes: 504MarketBeat'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 12/6/2019 by MarketBeat.com StaffFeatured Article: What is systematic risk?
