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

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$11.85 -0.07 (-0.59 %)
(As of 05/26/2019 08:54 AM ET)
Previous Close$11.85
Today's Range$11.79 - $11.9950
52-Week Range$9.73 - $13.20
Volume117,226 shs
Average Volume212,584 shs
Market Capitalization$469.69 million
P/E Ratio10.97
Dividend Yield7.89%
Beta0.52
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”).

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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$2.3190 per share
Book Value$6.92 per share

Profitability

Net Income$38.17 million

Miscellaneous

Employees18
Market Cap$469.69 million
Next Earnings Date8/1/2019 (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. Shareholders 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 7.93%. 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 has initiated a stock buyback program on Saturday, March 3rd 2018, which allows the company to repurchase $40,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

How were City Office REIT's earnings last quarter?

City Office REIT Inc (NYSE:CIO) posted its quarterly earnings results on Friday, May, 3rd. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by $0.35. The real estate investment trust earned $37.12 million during the quarter, compared to analyst estimates of $36.24 million. City Office REIT had a negative net margin of 7.39% and a negative return on equity of 3.51%. 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 Thursday, August 1st 2019. 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 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?

5 analysts have issued 1-year price targets for City Office REIT's shares. Their predictions range from $12.00 to $14.50. On average, they expect City Office REIT's stock price to reach $13.70 in the next year. This suggests a possible upside of 15.6% from the stock's current price. View Analyst Price Targets for City Office REIT.

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

5 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 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. " (5/7/2019)
  • 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?

Media coverage about CIO stock has been trending negative recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. City Office REIT earned a media sentiment score of -2.0 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 8.0 out of 10, meaning that recent news coverage is very likely to have an effect on the company's share price in the next several days.

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 many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.85%), LSV Asset Management (5.35%), Renaissance Technologies LLC (4.36%), Principal Financial Group Inc. (2.13%), Northern Trust Corp (1.51%) and Dimensional Fund Advisors LP (1.31%). 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 Real Estate Management Services LLC, RMR Advisors LLC, Charles Schwab Investment Management Inc., Morgan Stanley, Los Angeles Capital Management & Equity Research Inc., Menta Capital LLC, State of New Jersey Common Pension Fund D and JPMorgan Chase & Co.. 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 Martingale Asset Management L P, BlackRock Inc., WESPAC Advisors LLC, Parametric Portfolio Associates LLC, Dimensional Fund Advisors LP, Geode Capital Management LLC, Victory Capital Management Inc. and Resource America Inc.. 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 $11.85.

How big of a company is City Office REIT?

City Office REIT has a market capitalization of $469.69 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 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 (star star)
Outperform Votes:  210 (Vote Outperform)
Underperform Votes:  226 (Vote Underperform)
Total Votes:  436
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 5/26/2019 by MarketBeat.com Staff

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