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 $11.60 -0.48 (-3.97 %) (As of 02/28/2020 04:00 PM ET) Add Compare Today's Range$11.18Now: $11.60▼$11.8250-Day Range$12.08MA: $13.68▼$14.1352-Week Range$10.72Now: $11.60▼$14.50Volume881,984 shsAverage Volume310,115 shsMarket Capitalization$632.75 millionP/E RatioN/ADividend Yield7.78%Beta0.43 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 RatioN/A Forward P/E Ratio9.75 P/E GrowthN/A Sales & Book Value Annual Sales$129.48 million Price / Sales4.89 Cash Flow$2.09 per share Price / Cash Flow5.55 Book Value$7.24 per share Price / Book1.60Profitability EPS (Most Recent Fiscal Year)N/A Net Income$38.17 million Net Margins1.15% Return on Equity0.60% Return on Assets0.15%Miscellaneous Employees18 Outstanding Shares54,547,000Market Cap$632.75 million Next Earnings Date5/1/2020 (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 declared a quarterly dividend on Monday, December 16th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.235 per share on Friday, January 24th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 8.10%. The ex-dividend date of this dividend is Thursday, January 9th. View City Office REIT's Dividend History. How will City Office REIT's stock buyback program work? City Office REIT declared that its Board of Directors has authorized a share repurchase plan 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 buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's leadership 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 Wednesday, February, 26th. The real estate investment trust reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.06. The real estate investment trust earned $39.06 million during the quarter, compared to analysts' expectations of $40.48 million. City Office REIT had a return on equity of 0.60% and a net margin of 1.15%. 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 Friday, May 1st 2020. View Earnings Estimates for City Office REIT. What guidance has City Office REIT issued on next quarter's earnings? City Office REIT updated its FY 2020 Pre-Market earnings guidance on Wednesday, February, 26th. The company provided earnings per share guidance of 1.13-1.18 for the period. What price target have analysts set for CIO? 5 brokerages have issued twelve-month target prices for City Office REIT's stock. Their forecasts range from $12.00 to $15.00. On average, they expect City Office REIT's stock price to reach $14.10 in the next year. This suggests a possible upside of 21.6% 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. " (1/6/2020) 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 trended somewhat positive recently, InfoTrie reports. InfoTrie rates the sentiment of media coverage by monitoring 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 five, with scores nearest to five being the most favorable. City Office REIT earned a news impact score of 1.1 on InfoTrie's scale. They also assigned press coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate 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 Apollo Commercial Real Est. Finance (ARI), Brandywine Realty Trust (BDN), American Assets Trust (AAT), Washington Real Estate Investment Trust (WRE), Potlatchdeltic (PCH), RLJ Lodging Trust (RLJ), Retail Properties of America (RPAI), Hammerson (HMSNF), Great Portland Estates (GPEAF), Hannon Armstrong Sustnbl Infrstr Cap (HASI), PennyMac Mortgage Investment Trust (PMT), National Storage Affiliates Trust (NSA), Caretrust REIT (CTRE), NY MTG TR INC/SH (NYMT) and Columbia Property Trust (CXP). 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), New Residential Investment (NRZ), CBL & Associates Properties (CBL), AGNC Investment (AGNC), AT&T (T), Western Asset Mortgage Capital (WMC), NGL Energy Partners (NGL), ANNALY CAP MGMT/SH (NLY), Ares Capital (ARCC) and Arlington Asset Investment (AI). 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 number of of retail and institutional investors. Top institutional investors include Alliancebernstein L.P. (8.09%), Renaissance Technologies LLC (5.88%), LSV Asset Management (4.50%), State Street Corp (2.35%), Victory Capital Management Inc. (2.26%) and Victory Capital Management Inc. (2.06%). 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 institutional investors are selling City Office REIT stock? CIO stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Marshall Wace LLP, Connor Clark & Lunn Investment Management Ltd., Prudential Financial Inc., Martingale Asset Management L P, AXA, Keeley Teton Advisors LLC and Principal Financial Group Inc.. View Insider Buying and Selling for City Office REIT. Which institutional investors are buying City Office REIT stock? CIO stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., LSV Asset Management, Kennedy Capital Management Inc., Bank of Montreal Can, State Street Corp, Alliancebernstein L.P. and Geode Capital Management LLC. 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 $11.60. How big of a company is City Office REIT? City Office REIT has a market capitalization of $632.75 million and generates $129.48 million in revenue each year. 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: 256 (Vote Outperform)Underperform Votes: 278 (Vote Underperform)Total Votes: 534MarketBeat'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 2/28/2020 by MarketBeat.com StaffFeatured Article: What is meant by buying and selling pressure?
