About City Office REIT (NYSE:CIO)
City Office REIT, Inc.(NYSE: CIO) invests in high-quality office properties in mid-sized metropolitan areas with strong economic fundamentals, primarily in the Southern and Western United States. At December 31, 2017, CIO owned office complexes comprising 5.2 million square feet of net rentable area (?NRA?).
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:CIO
CUSIPN/A
Phone604-806-3366
Debt
Debt-to-Equity Ratio1.98%
Current Ratio3.13%
Quick Ratio3.13%
Price-To-Earnings
Trailing P/E Ratio11.69
Forward P/E Ratio10.46
P/E Growth1.19
Sales & Book Value
Annual Sales$106.49 million
Price / Sales3.83
Cash Flow$1.3170 per share
Price / Cash8.58
Book Value$6.88 per share
Price / Book1.64
Profitability
EPS (Most Recent Fiscal Year)$0.97
Net Income$5.75 million
Net Margins5.41%
Return on Equity2.74%
Return on Assets0.70%
Miscellaneous
Employees17
Outstanding Shares36,120,000
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 Thursday, March 22nd. Stockholders of record on Wednesday, April 11th will be paid a dividend of $0.235 per share on Wednesday, April 25th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 8.33%. The ex-dividend date is Tuesday, April 10th. View City Office REIT's Dividend History.
How will City Office REIT's stock buyback program work?
City Office REIT announced that its Board of Directors has initiated a share repurchase 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 management believes its shares are undervalued.
How were City Office REIT's earnings last quarter?
City Office REIT (NYSE:CIO) announced its quarterly earnings results on Thursday, March, 1st. The real estate investment trust reported ($0.09) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.27 by $0.36. The real estate investment trust had revenue of $31.18 million for the quarter, compared to the consensus estimate of $29.26 million. City Office REIT had a net margin of 5.41% and a return on equity of 2.74%. The business's quarterly revenue was up 46.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 earnings per share. View City Office REIT's Earnings History.
When is City Office REIT's next earnings date?
What guidance has City Office REIT issued on next quarter's earnings?
City Office REIT issued an update on its FY18 earnings guidance on Thursday, March, 1st. The company provided earnings per share (EPS) guidance of $1.08-1.13 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.11.
What price target have analysts set for CIO?
3 equities research analysts have issued 12-month target prices for City Office REIT's shares. 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.
Who are some of City Office REIT's key competitors?
Some companies that are related to City Office REIT include Capstead Mortgage (CMO), Independence Realty Trust (IRT), MTGE Investment (MTGE), Hersha Hospitality Trust (HT), Urstadt Biddle Properties (UBA), NorthStar Realty Europe (NRE), CBL & Associates Properties (CBL), Granite Point Mortgage Trust (GPMT), New Senior Investment Group (SNR), Ashford Hospitality Trust (AHT), iStar Financial (STAR), Pennsylvania R.E.I.T. (PEI), New York Mortgage Trust (NYMT), PMC Commercial Trust (CMCT), Investors Real Estate Trust (IRET), Preferred Apartment (APTS), CatchMark Timber Trust (CTT) and NexPoint Residential Trst (NXRT).
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 42)
- Mr. Gregory Tylee, Pres & COO (Age 46)
- Mr. Anthony Maretic C.A., CFO, Sec., Treasurer & Principal Accounting Officer (Age 46)
Has City Office REIT been receiving favorable news coverage?
Press coverage about CIO stock has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. City Office REIT earned a media sentiment score of 0.04 on Accern's scale. They also assigned media stories about the real estate investment trust an impact score of 45.65 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
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 $11.29.
How big of a company is City Office REIT?
City Office REIT has a market capitalization of $416.80 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.
How can I contact City Office REIT?
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]
MarketBeat Community Rating for City Office REIT (CIO)
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.
City Office REIT (NYSE:CIO) Dividend Information
City Office REIT pays an annual dividend of $0.94 per share, with a dividend yield of 8.32%. CIO's next quarterly dividend payment will be made on Wednesday, April 25. City Office REIT pays out 96.91% of its earnings out as a dividend.
| Next Dividend: | 4/25/2018 |
| Annual Dividend: | $0.94 |
| Dividend Yield: | 8.32% |
| Dividend Growth: | 31.00% (3 Year Average) |
| Payout Ratio: | 96.91% (Trailing 12 Months of Earnings)
87.04% (Based on This Year's Estimates)
79.66% (Based on Next Year's Estimates)
|
| Frequency: | Quarterly Dividend |
City Office REIT (NYSE:CIO) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/22/2018 | quarterly | $0.2350 | 8.24% | 4/10/2018 | 4/11/2018 | 4/25/2018 |
| 12/18/2017 | quarterly | $0.2350 | 7.15% | 1/10/2018 | 1/11/2018 | 1/25/2018 |
| 9/15/2017 | quarterly | $0.2350 | 7.24% | 10/10/2017 | 10/11/2017 | 10/25/2017 |
| 6/28/2017 | quarterly | $0.2350 | 7.37% | 7/7/2017 | 7/11/2017 | 7/25/2017 |
| 3/22/2017 | quarterly | $0.2350 | 7.95% | 4/7/2017 | 4/11/2017 | 4/25/2017 |
| 12/22/2016 | quarterly | $0.2350 | 7.37% | 1/11/2017 | 1/13/2017 | 1/25/2017 |
| 9/16/2016 | quarterly | $0.2350 | 7.52% | 10/6/2016 | 10/11/2016 | 10/25/2016 |
| 6/21/2016 | quarterly | $0.2350 | 7.69% | 7/5/2016 | 7/7/2016 | 7/21/2016 |
| 3/16/2016 | quarterly | $0.2350 | 7.65% | 4/1/2016 | 4/5/2016 | 4/19/2016 |
| 12/21/2015 | quarterly | $0.2350 | 7.95% | 1/4/2016 | 1/6/2016 | 1/20/2016 |
| 9/16/2015 | quarterly | $0.2350 | 8.92% | 10/1/2015 | 10/5/2015 | 10/19/2015 |
| 6/16/2015 | quarterly | $0.2350 | 7.53% | 6/30/2015 | 7/3/2015 | 7/17/2015 |
| 3/20/2015 | quarterly | $0.2350 | 7.39% | 3/31/2015 | 4/3/2015 | 4/17/2015 |
| 12/16/2014 | quarterly | $0.2350 | 7.52% | 12/31/2014 | 1/5/2015 | 1/16/2015 |
| 9/15/2014 | quarterly | $0.2350 | 7.34% | 10/1/2014 | 10/3/2014 | 10/17/2014 |
| 5/12/2014 | quarterly | $0.1830 | | 7/1/2014 | 7/3/2014 | 7/17/2014 |
(Data available from 1/1/2013 forward)
City Office REIT (NYSE CIO) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.20%
Institutional Ownership Percentage: 64.34%
City Office REIT (NYSE CIO) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/21/2018 | John Sweet | Director | Buy | 2,000 | $11.45 | $22,900.00 | 3,867 |  |
| 3/8/2018 | Stephen B Shraiberg | Director | Buy | 10,000 | $11.05 | $110,500.00 | 71,681 | |
| 8/29/2017 | James Thomas Farrar | CEO | Buy | 6,000 | $12.52 | $75,120.00 | 184,789 | |
| 5/11/2017 | John Sweet | Director | Buy | 1,000 | $12.09 | $12,090.00 | 3,000 | |
| 5/9/2017 | Stephen B Shraiberg | Director | Buy | 2,000 | $12.24 | $24,480.00 | 60,607 | |
| 3/16/2017 | Mark Wilhelm Murski | Director | Buy | 5,000 | $12.01 | $60,050.00 | 9,000 | |
| 3/15/2017 | James Thomas Farrar | CEO | Buy | 10,000 | $11.55 | $115,500.00 | 184,789 | |
| 3/15/2017 | John R Mclernon | Director | Buy | 2,000 | $11.61 | $23,220.00 | 3,607 | |
| 1/13/2017 | Jeffrey David Kohn | Director | Buy | 20,161 | $12.40 | $249,996.40 | 223,861 | |
| 12/9/2016 | James Thomas Farrar | CEO | Buy | 8,000 | $12.66 | $101,280.00 | 174,789 | |
| 12/6/2016 | Jeffrey David Kohn | Director | Buy | 3,700 | $12.43 | $45,991.00 | 203,700 | |
| 11/14/2016 | William R Flatt | Director | Buy | 36 | $12.00 | $432.00 | 7,061 | |
| 5/13/2016 | John R Mclernon | Director | Buy | 1,500 | $11.56 | $17,340.00 | 1,025 | |
| 3/9/2016 | Samuel Belzberg | Director | Buy | 1,500 | $12.00 | $18,000.00 | 128,731 | |
| 3/7/2016 | Stephen B Shraiberg | Director | Buy | 5,000 | $12.01 | $60,050.00 | 57,537 | |
| 11/23/2015 | Samuel Belzberg | Director | Buy | 55,000 | $11.10 | $610,500.00 | 138,751 | |
| 11/12/2015 | Samuel Belzberg | Director | Buy | 11,520 | $11.00 | $126,720.00 | | |
| 11/11/2015 | James Thomas Farrar | CEO | Buy | 8,650 | $11.16 | $96,534.00 | 120,684 | |
| 11/11/2015 | William R Flatt | Director | Buy | 3,000 | $11.19 | $33,570.00 | 5,037 | |
| 12/17/2014 | Stephen B Shraiberg | Director | Buy | 13,000 | $12.56 | $163,280.00 | | |
| 12/15/2014 | Gregory Tylee | COO | Buy | 1,500 | $12.55 | $18,825.00 | | |
| 12/10/2014 | Anthony Maretic | CFO | Buy | 6,900 | $12.59 | $86,871.00 | | |
| 12/10/2014 | Stephen B Shraiberg | Director | Buy | 30,000 | $12.50 | $375,000.00 | | |
| 12/9/2014 | James Thomas Farrar | CEO | Buy | 8,000 | $12.64 | $101,120.00 | | |
| 12/8/2014 | Gregory Tylee | COO | Buy | 1,400 | $12.61 | $17,654.00 | | |
| 9/24/2014 | William R Flatt | Director | Buy | 1,260 | $13.29 | $16,745.40 | | |
| 9/4/2014 | William R Flatt | Director | Buy | 173 | $12.50 | $2,162.50 | | |
| 9/3/2014 | William R Flatt | Director | Buy | 67 | $12.50 | $837.50 | | |
| 8/27/2014 | James Thomas Farrar | CEO | Buy | 10,000 | $12.80 | $128,000.00 | | |
| 8/19/2014 | Stephen B Shraiberg | Director | Buy | 5,000 | $12.57 | $62,850.00 | | |
| 6/10/2014 | Mark Wilhelm Murski | Director | Buy | 4,000 | $12.52 | $50,080.00 | | |
| 5/30/2014 | John R Mclernon | Director | Buy | 6,000 | $12.36 | $74,160.00 | | |
| 5/29/2014 | James Thomas Farrar | CEO | Buy | 8,000 | $12.31 | $98,480.00 | | |
(Data available from 1/1/2013 forward)
City Office REIT (NYSE CIO) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | $0.26 EPS Expected for City Office REIT (CIO) This Quarter
www.americanbankingnews.com - April 20 at 9:24 AM |
| City Office REIT (CIO) Earns Outperform Rating from Analysts at FBR & Co
www.americanbankingnews.com - April 19 at 4:00 PM |
| BidaskClub Upgrades City Office REIT (CIO) to "Hold"
www.americanbankingnews.com - April 14 at 6:22 PM |
 | City Office REIT Announces First Quarter 2018 Earnings Release and Conference Call
www.prnewswire.com - April 13 at 5:36 PM |
| ValuEngine Downgrades City Office REIT (CIO) to Hold
www.americanbankingnews.com - April 11 at 12:37 PM |
 | EX-Dividend Schedule: City Office REIT Has a Dividend Yield of 7.10%; Will Trade Ex-Dividend on April 10, 2018
finance.yahoo.com - April 9 at 9:55 AM |
| $31.14 Million in Sales Expected for City Office REIT (CIO) This Quarter
www.americanbankingnews.com - April 5 at 4:16 AM |
| Analysts Anticipate City Office REIT (CIO) Will Post Earnings of $0.26 Per Share
www.americanbankingnews.com - April 3 at 9:08 AM |
| City Office REIT (CIO) Receives Buy Rating from B. Riley
www.americanbankingnews.com - April 1 at 3:10 PM |
| City Office REIT (CIO) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - March 31 at 9:43 AM |
| City Office REIT (CIO) Downgraded to "Hold" at Deutsche Bank
www.americanbankingnews.com - March 29 at 4:44 PM |
| City Office REIT (CIO) Stock Rating Upgraded by ValuEngine
www.americanbankingnews.com - March 28 at 10:22 PM |
| City Office REIT (CIO) Downgraded to Hold at ValuEngine
www.americanbankingnews.com - March 25 at 7:32 PM |
| City Office REIT Inc (CIO) Announces Quarterly Dividend of $0.24
www.americanbankingnews.com - March 22 at 8:10 PM |
 | City Office REIT Announces Dividends for First Quarter 2018
www.bizjournals.com - March 22 at 9:54 AM |
| John Sweet Purchases 2,000 Shares of City Office REIT Inc (CIO) Stock
www.americanbankingnews.com - March 21 at 4:09 PM |
 | Form DEF 14A City Office REIT, Inc. For: May 03
www.streetinsider.com - March 21 at 10:52 AM |
| City Office REIT Announces New $250 Million Unsecured Credit Facility
finance.yahoo.com - March 19 at 4:12 PM |
| City Office REIT Inc (CIO) Expected to Post Quarterly Sales of $30.88 Million
www.americanbankingnews.com - March 19 at 7:06 AM |
| $0.26 Earnings Per Share Expected for City Office REIT Inc (CIO) This Quarter
www.americanbankingnews.com - March 17 at 7:30 AM |
| Avenue Report: Sixth Avenue Repeats As Top Location For Manhattan's Largest Office Leases
www.bizjournals.com - March 13 at 6:08 PM |
| Blog Exposure - City Office REIT Completes Sale of Office Property, Washington Group Plaza
finance.yahoo.com - March 13 at 10:01 AM |
| City Office REIT (CIO) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - March 12 at 8:20 PM |
| City Office REIT Inc (CIO) Director Stephen B. Shraiberg Buys 10,000 Shares
www.americanbankingnews.com - March 8 at 7:06 PM |
| City Office REIT Inc (CIO) Shares Bought by Kennedy Capital Management Inc.
www.americanbankingnews.com - March 6 at 1:14 PM |
| City Office REIT Inc (CIO) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - March 6 at 11:50 AM |
 | City Office REIT, Inc. 2017 Q4 - Results - Earnings Call Slides
seekingalpha.com - March 6 at 9:31 AM |
| Martingale Asset Management L P Grows Holdings in City Office REIT Inc (CIO)
www.americanbankingnews.com - March 4 at 12:50 PM |
| City Office REIT (CIO) Given a $14.00 Price Target at B. Riley
www.americanbankingnews.com - March 3 at 5:38 PM |
| City Office REIT (CIO) Board of Directors Announces Stock Repurchase Plan
www.americanbankingnews.com - March 3 at 11:10 AM |
| City Office REIT beats by $0.04, beats on revenue
seekingalpha.com - March 2 at 4:54 PM |
| City Office REIT Inc (NYSE:CIO): Are Analysts Optimistic?
finance.yahoo.com - March 2 at 9:32 AM |
| Fuller & Thaler Asset Management Inc. Buys New Stake in City Office REIT Inc (CIO)
www.americanbankingnews.com - March 2 at 7:00 AM |
| Analysts Anticipate City Office REIT Inc (CIO) Will Announce Quarterly Sales of $29.52 Million
www.americanbankingnews.com - March 2 at 5:46 AM |
| City Office REIT (CIO) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS
www.americanbankingnews.com - March 1 at 12:50 PM |
| City Office REIT (CIO) Updates FY18 Earnings Guidance
www.americanbankingnews.com - March 1 at 9:54 AM |
| City Office REIT Reports Fourth Quarter and Full Year 2017 Results
finance.yahoo.com - March 1 at 9:21 AM |
| Analysts Expect City Office REIT Inc (CIO) Will Post Earnings of $0.28 Per Share
www.americanbankingnews.com - February 28 at 5:20 AM |
| City Office REIT (CIO) Scheduled to Post Earnings on Wednesday
www.americanbankingnews.com - February 21 at 2:22 AM |
| An expanded Domain? Dallas firm buys office buildings, mulls massive redevelopment
www.bizjournals.com - February 15 at 4:27 PM |
| City Office REIT (CIO) Downgraded to Strong Sell at Zacks Investment Research
www.americanbankingnews.com - February 14 at 8:18 PM |
| Zacks: Analysts Expect City Office REIT Inc (CIO) Will Announce Quarterly Sales of $29.52 Million
www.americanbankingnews.com - February 13 at 4:10 AM |
| $0.28 EPS Expected for City Office REIT Inc (CIO) This Quarter
www.americanbankingnews.com - February 11 at 1:16 PM |
| City Office REIT Inc (CIO) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - February 9 at 11:49 AM |
| City Office REIT Announces Fourth Quarter and Full Year 2017 Earnings Release and Conference Call
finance.yahoo.com - February 2 at 9:02 AM |
| City Office REIT Announces Tax Treatment of 2017 Distributions
finance.yahoo.com - February 2 at 9:02 AM |
| City Office REIT Inc (CIO) Expected to Announce Earnings of $0.28 Per Share
www.americanbankingnews.com - January 25 at 3:12 PM |
| Analysis: Positioning to Benefit within First American, Knowles, NIC, TriState Capital, City Office REIT, and BP Prudhoe Bay Royalty Trust — Research Highlights Growth, Revenue, and Consolidated Results
finance.yahoo.com - January 23 at 8:28 AM |
| City Office REIT Inc (CIO) Given Consensus Recommendation of "Hold" by Analysts
www.americanbankingnews.com - January 15 at 9:38 AM |
| American Healthcare Investors' Executive Team Enters Into Griffin-American Healthcare REIT IV Stock Purchase Plans
www.bizjournals.com - January 13 at 9:50 AM |
City Office REIT (NYSE:CIO) SEC Filings
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City Office REIT (NYSE:CIO) Income Statement, Balance Sheet and Cash Flow Statement
City Office REIT (NYSE CIO) Stock Chart for Friday, April, 20, 2018
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