NYSE:CIO - City Office REIT Stock Price, Price Target & More

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, June 18th. Shareholders of record on Wednesday, July 11th will be given a dividend of $0.235 per share on Wednesday, July 25th. This represents a $0.94 annualized dividend and a yield of 7.38%. The ex-dividend date is Tuesday, July 10th. View City Office REIT's Dividend History.

City Office REIT declared that its Board of Directors has authorized 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. Stock buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

City Office REIT Inc (NYSE:CIO) released its quarterly earnings results on Friday, May, 4th. The real estate investment trust reported $1.24 EPS for the quarter, beating the consensus estimate of $0.25 by $0.99. The real estate investment trust earned $31.53 million during the quarter, compared to analysts' expectations of $31.14 million. City Office REIT had a return on equity of 23.51% and a net margin of 48.20%. View City Office REIT's Earnings History.

City Office REIT is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for City Office REIT.

3 brokerages have issued twelve-month price targets for City Office REIT's stock. Their predictions range from $13.00 to $14.50. On average, they anticipate City Office REIT's stock price to reach $13.8333 in the next twelve months. View Analyst Ratings for City Office REIT.

Some companies that are related to City Office REIT include American Assets Trust (AAT), Ladder Capital (LADR), LTC Properties (LTC), Agree Realty (ADC), Alexander & Baldwin (ALEX), Washington Prime Group (WPG), Safestore (SFSHF), Summit Hotel Properties (INN), National Storage (NSA), Industrial Logistics Properties Trust (ILPT), Kite Realty Group Trust (KRG), Four Corners Property Trust (FCPT), Global Net Lease (GNL), Caretrust REIT (CTRE) and Redwood Trust (RWT).

News headlines about CIO stock have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. City Office REIT earned a coverage optimism score of 0.01 on Accern's scale. They also gave news coverage about the real estate investment trust an impact score of 46.76 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

City Office REIT's stock is owned by a number of of institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (6.46%), Principal Financial Group Inc. (6.46%), BlackRock Inc. (5.01%), Nuveen Asset Management LLC (4.59%), LSV Asset Management (2.31%) and Millennium Management LLC (1.96%). Company insiders that own City Office REIT stock include James Thomas Farrar, Jeffrey David Kohn, John R Mclernon, John Sweet, Mark Wilhelm Murski, Stephen B Shraiberg and William R Flatt. View Institutional Ownership Trends for City Office REIT.

CIO stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, LSV Asset Management, Opus Capital Group LLC, Prudential Financial Inc., Wells Fargo & Company MN, State of New Jersey Common Pension Fund D, Cubist Systematic Strategies LLC and Thrivent Financial for Lutherans. View Insider Buying and Selling for City Office REIT.

CIO stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., D.A. Davidson & CO., Northern Trust Corp, Silvercrest Asset Management Group LLC, Avenir Corp, Teachers Insurance & Annuity Association of America, Dimensional Fund Advisors LP and Millennium Management LLC. Company insiders that have bought City Office REIT stock in the last two years include James Thomas Farrar, Jeffrey David Kohn, John R Mclernon, John Sweet, Mark Wilhelm Murski, Stephen B Shraiberg and William R Flatt. 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, Scottrade, Fidelity and Charles Schwab.

One share of CIO stock can currently be purchased for approximately $12.74.

City Office REIT has a market capitalization of $454.90 million and generates $106.49 million in revenue each year. The real estate investment trust earns $5.75 million in net income (profit) each year or $0.97 on an earnings per share basis. City Office REIT employs 17 workers across the globe.

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].com.