City Office REIT Company Profile (NYSE:CIO)

About City Office REIT (NYSE:CIO)

City Office REIT logoCity Office REIT, Inc. is a real estate investment trust. The Company is focused on acquiring, owning and operating office properties located primarily in metropolitan areas in the Southern and Western United States. It conducts its operations primarily through City Office REIT Operating Partnership, L.P. (the Operating Partnership). As of December 31, 2016, it owned 18 office complexes consisting of 37 office buildings with a total of approximately 4.4 million square feet of net rentable area (NRA) in the metropolitan areas of Boise, Dallas, Denver, Orlando, Phoenix, Portland and Tampa. Its properties include Park Tower, City Center, Intellicenter and Carillon Point in Tampa, Florida; Cherry Creek, Plaza 25, DTC Crossroads, Superior Pointe and Logan Tower in Denver, Colorado; Washington Group Plaza in Boise, Idaho; FRP Collection, Central Fairwinds and FRP Ingenuity Drive in Orlando, Florida; 190 Office Center and Lake Vista Pointe in Dallas, Texas, and SanTan in Phoenix, Arizona.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Office REITs
  • Sub-Industry: N/A
  • Symbol: NYSE:CIO
  • CUSIP: N/A
  • Web: www.cityofficereit.com
Capitalization:
  • Market Cap: $403.7 million
  • Outstanding Shares: 30,262,000
Average Prices:
  • 50 Day Moving Avg: $13.16
  • 200 Day Moving Avg: $12.65
  • 52 Week Range: $11.43 - $13.93
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 12.42
  • P/E Growth: -7.85
Sales & Book Value:
  • Annual Revenue: $90.65 million
  • Price / Sales: 4.44
  • Book Value: $6.62 per share
  • Price / Book: 2.01
Dividend:
  • Annual Dividend: $0.94
  • Dividend Yield: 7.1%
Profitability:
  • EBITDA: $47.13 million
  • Net Margins: 3.70%
  • Return on Equity: 1.91%
  • Return on Assets: 0.51%
Debt:
  • Debt-to-Equity Ratio: 2.05%
  • Current Ratio: 9.18%
  • Quick Ratio: 9.18%
Misc:
  • Average Volume: 128,908 shs.
  • Beta: 0.24
  • Short Ratio: 3.52
 

Frequently Asked Questions for City Office REIT (NYSE:CIO)

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 Friday, September 15th. Shareholders of record on Wednesday, October 11th will be paid a dividend of $0.235 per share on Wednesday, October 25th. This represents a $0.94 dividend on an annualized basis and a yield of 7.07%. The ex-dividend date of this dividend is Tuesday, October 10th. View City Office REIT's Dividend History.

How were City Office REIT's earnings last quarter?

City Office REIT, Inc. (NYSE:CIO) released its earnings results on Thursday, August, 3rd. The company reported $0.27 EPS for the quarter, topping the Zacks' consensus estimate of $0.24 by $0.03. The company had revenue of $25.16 million for the quarter, compared to analysts' expectations of $26.18 million. City Office REIT had a return on equity of 1.91% and a net margin of 3.70%. During the same period in the prior year, the company earned $0.22 EPS. View City Office REIT's Earnings History.

When will City Office REIT make its next earnings announcement?

City Office REIT is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. 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 fourth quarter earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of $0.29-0.31 for the period, compared to the Thomson Reuters consensus estimate of $0.29. City Office REIT also updated its FY17 guidance to $0.96-0.99 EPS.

Where is City Office REIT's stock going? Where will City Office REIT's stock price be in 2017?

4 brokers have issued 1 year target prices for City Office REIT's stock. Their forecasts range from $14.50 to $15.00. On average, they anticipate City Office REIT's stock price to reach $14.83 in the next twelve months. View Analyst Ratings for City Office REIT.

Who are some of City Office REIT's key competitors?

Who are City Office REIT's key executives?

City Office REIT's management team includes the folowing people:

  • John R. McLernon, Independent Chairman of the Board
  • Gregory Tylee, President, Chief Operating Officer
  • James Farrar, Chief Executive Officer, Director
  • Anthony Maretic, Chief Financial Officer, Treasurer, Secretary
  • William R. Flatt, Independent Director
  • Jeffrey David Kohn, Independent Director
  • Mark Murski, Independent Director
  • Stephen B. Shraiberg, Independent Director
  • John W. Sweet Jr., Independent Director

How do I buy City Office REIT stock?

Shares of City Office REIT can be purchased through any online brokerage account. Popular online brokerages 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 City Office REIT stock can currently be purchased for approximately $13.29.


MarketBeat Community Rating for City Office REIT (NYSE CIO)
Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  125 (Vote Outperform)
Underperform Votes:  94 (Vote Underperform)
Total Votes:  219
MarketBeat's community ratings are surveys of what our community members think about City Office REIT and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for City Office REIT (NYSE:CIO) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.75)
Consensus Price Target: $14.83 (11.61% upside)
Consensus Price Target History for City Office REIT (NYSE:CIO)
Price Target History for City Office REIT (NYSE:CIO)
Analysts' Ratings History for City Office REIT (NYSE:CIO)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/6/2017FBR & CoReiterated RatingBuyN/AView Rating Details
5/25/2017Deutsche Bank AGBoost Price TargetBuy$14.00 -> $15.00LowView Rating Details
3/1/2017Raymond James Financial, Inc.Initiated CoverageMkt Perform -> Market PerformN/AView Rating Details
11/8/2016DA DavidsonReiterated RatingBuy$15.00N/AView Rating Details
8/5/2016Compass PointBoost Price TargetBuy$13.00 -> $14.50N/AView Rating Details
8/5/2016WunderlichBoost Price TargetBuy$14.00 -> $15.00N/AView Rating Details
3/9/2016Oppenheimer Holdings, Inc.Reiterated RatingOutperform$15.00N/AView Rating Details
(Data available from 10/17/2015 forward)

Earnings

Earnings History for City Office REIT (NYSE:CIO)
Earnings by Quarter for City Office REIT (NYSE:CIO)
Earnings History by Quarter for City Office REIT (NYSE CIO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/6/2017($0.17)N/AView Earnings Details
8/3/20176/30/2017$0.24$0.27$26.18 million$25.16 millionViewListenView Earnings Details
5/5/20173/31/2017$0.22($0.11)$24.54 million$25.40 millionViewN/AView Earnings Details
3/2/201712/31/2016($0.24)($0.21)$20.99 million$21.30 millionViewListenView Earnings Details
11/7/2016Q316$0.25$0.27$7.98 million$18.79 millionViewListenView Earnings Details
8/4/2016Q216($0.11)$0.22$16.16 million$16.10 millionViewN/AView Earnings Details
5/5/2016Q116($0.19)$0.32$16.33 million$16.30 millionViewN/AView Earnings Details
3/3/2016Q415($0.04)($0.12)$16.81 million$17.50 millionViewN/AView Earnings Details
11/6/2015Q315$0.32$0.33$13.93 million$14.62 millionViewN/AView Earnings Details
8/6/2015Q215($0.05)$0.27$11.48 million$11.63 millionViewN/AView Earnings Details
5/8/2015Q115$0.27($0.06)$11.40 million$11.30 millionViewN/AView Earnings Details
3/5/2015Q414$0.27($0.14)$10.34 million$10.53 millionViewN/AView Earnings Details
8/14/2014Q2 2014$0.25$0.22$7.94 million$8.39 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for City Office REIT (NYSE:CIO)
2017 EPS Consensus Estimate: $1.16
2018 EPS Consensus Estimate: $1.04
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.22$0.34$0.28
Q2 20172$0.22$0.35$0.29
Q3 20172$0.24$0.35$0.30
Q4 20172$0.25$0.35$0.30
Q1 20181$0.24$0.24$0.24
Q2 20181$0.25$0.25$0.25
Q3 20181$0.27$0.27$0.27
Q4 20181$0.28$0.28$0.28
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for City Office REIT (NYSE:CIO)
Next Dividend:10/25/2017
Annual Dividend:$0.94
Dividend Yield:7.07%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:-723.08% (Trailing 12 Months of Earnings)
97.92% (Based on This Year's Estimates)
87.85% (Based on Next Year's Estimates)
Dividend Payments by Quarter for City Office REIT (NYSE:CIO)

Dividend History by Quarter for City Office REIT (NYSE CIO)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/15/2017quarterly$0.247.24%10/10/201710/11/201710/25/2017
6/28/2017quarterly$0.247.37%7/7/20177/11/20177/25/2017
3/22/2017quarterly$0.247.95%4/7/20174/11/20174/25/2017
12/22/2016quarterly$0.247.37%1/11/20171/13/20171/25/2017
9/16/2016quarterly$0.247.52%10/6/201610/11/201610/25/2016
6/21/2016quarterly$0.247.69%7/5/20167/7/20167/21/2016
3/16/2016quarterly$0.247.65%4/1/20164/5/20164/19/2016
12/21/2015quarterly$0.247.95%1/4/20161/6/20161/20/2016
9/16/2015quarterly$0.248.92%10/1/201510/5/201510/19/2015
6/16/2015quarterly$0.247.53%6/30/20157/3/20157/17/2015
3/20/2015quarterly$0.247.39%3/31/20154/3/20154/17/2015
12/16/2014quarterly$0.247.52%12/31/20141/5/20151/16/2015
9/15/2014quarterly$0.247.34%10/1/201410/3/201410/17/2014
5/12/2014quarterly$0.187/1/20147/3/20147/17/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for City Office REIT (NYSE:CIO)
Insider Ownership Percentage: 3.20%
Institutional Ownership Percentage: 55.42%
Insider Trades by Quarter for City Office REIT (NYSE:CIO)
Institutional Ownership by Quarter for City Office REIT (NYSE:CIO)
Insider Trades by Quarter for City Office REIT (NYSE:CIO)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/29/2017James Thomas FarrarCEOBuy6,000$12.52$75,120.00View SEC Filing  
5/11/2017John SweetDirectorBuy1,000$12.09$12,090.00View SEC Filing  
5/9/2017Stephen B ShraibergDirectorBuy2,000$12.24$24,480.00View SEC Filing  
3/16/2017Mark Wilhelm MurskiDirectorBuy5,000$12.01$60,050.00View SEC Filing  
3/15/2017James Thomas FarrarCEOBuy10,000$11.55$115,500.00View SEC Filing  
3/15/2017John R MclernonDirectorBuy2,000$11.61$23,220.00View SEC Filing  
1/13/2017Jeffrey David KohnDirectorBuy20,161$12.40$249,996.40View SEC Filing  
12/9/2016James Thomas FarrarCEOBuy8,000$12.66$101,280.00View SEC Filing  
12/6/2016Jeffrey David KohnDirectorBuy3,700$12.43$45,991.00View SEC Filing  
11/14/2016William R FlattDirectorBuy36$12.00$432.00View SEC Filing  
5/13/2016John R MclernonDirectorBuy1,500$11.56$17,340.00View SEC Filing  
3/9/2016Samuel BelzbergDirectorBuy1,500$12.00$18,000.00View SEC Filing  
3/7/2016Stephen B ShraibergDirectorBuy5,000$12.01$60,050.00View SEC Filing  
11/23/2015Samuel BelzbergDirectorBuy55,000$11.10$610,500.00View SEC Filing  
11/12/2015Samuel BelzbergDirectorBuy11,520$11.00$126,720.00View SEC Filing  
11/11/2015James Thomas FarrarCEOBuy8,650$11.16$96,534.00View SEC Filing  
11/11/2015William R FlattDirectorBuy3,000$11.19$33,570.00View SEC Filing  
12/17/2014Stephen B ShraibergDirectorBuy13,000$12.56$163,280.00View SEC Filing  
12/15/2014Gregory TyleeCOOBuy1,500$12.55$18,825.00View SEC Filing  
12/10/2014Anthony MareticCFOBuy6,900$12.59$86,871.00View SEC Filing  
12/10/2014Stephen B ShraibergDirectorBuy30,000$12.50$375,000.00View SEC Filing  
12/9/2014James Thomas FarrarCEOBuy8,000$12.64$101,120.00View SEC Filing  
12/8/2014Gregory TyleeCOOBuy1,400$12.61$17,654.00View SEC Filing  
9/24/2014William R FlattDirectorBuy1,260$13.29$16,745.40View SEC Filing  
9/4/2014William R FlattDirectorBuy173$12.50$2,162.50View SEC Filing  
9/3/2014William R FlattDirectorBuy67$12.50$837.50View SEC Filing  
8/27/2014James Thomas FarrarCEOBuy10,000$12.80$128,000.00View SEC Filing  
8/19/2014Stephen B ShraibergDirectorBuy5,000$12.57$62,850.00View SEC Filing  
6/10/2014Mark Wilhelm MurskiDirectorBuy4,000$12.52$50,080.00View SEC Filing  
5/30/2014John R MclernonDirectorBuy6,000$12.36$74,160.00View SEC Filing  
5/29/2014James Thomas FarrarCEOBuy8,000$12.31$98,480.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for City Office REIT (NYSE:CIO)
Latest Headlines for City Office REIT (NYSE:CIO)
Source:
DateHeadline
reuters.com logoBRIEF-City Office REIT says unit of co entered into loan agreement with Metropolitan Life Insurance
www.reuters.com - October 12 at 11:02 PM
americanbankingnews.com logoCity Office REIT (CIO) and Its Rivals Head-To-Head Comparison
www.americanbankingnews.com - October 11 at 12:08 AM
nasdaq.com logoCity Office REIT, Inc. (CIO) Ex-Dividend Date Scheduled for October
www.nasdaq.com - October 9 at 5:53 PM
nasdaq.com logoCity Office REIT, Inc. (CIO) Ex-Dividend Date Scheduled for October
www.nasdaq.com - October 9 at 5:53 PM
americanbankingnews.com logoCity Office REIT, Inc. (CIO) Receives Buy Rating from FBR & Co
www.americanbankingnews.com - October 7 at 5:30 PM
americanbankingnews.com logoCity Office REIT, Inc. (CIO) Given Consensus Recommendation of "Hold" by Analysts
www.americanbankingnews.com - October 7 at 12:58 PM
americanbankingnews.com logo Analysts Expect City Office REIT, Inc. (CIO) Will Announce Quarterly Sales of $25.66 Million
www.americanbankingnews.com - October 7 at 3:48 AM
thestreet.com logoCity Office REIT About To Put More Money In Your Pocket (CIO)
www.thestreet.com - October 6 at 5:27 PM
finance.yahoo.com logoDividend Coverage: This Office REIT has a Dividend Yield of 6.83%; Will Trade Ex-Dividend on October 10, 2017
finance.yahoo.com - October 6 at 5:27 PM
americanbankingnews.com logoCity Office REIT, Inc. (CIO) Expected to Announce Earnings of $0.22 Per Share
www.americanbankingnews.com - October 5 at 6:18 PM
americanbankingnews.com logoCritical Contrast: City Office REIT (CIO) & Highwoods Properties (HIW)
www.americanbankingnews.com - October 2 at 4:08 AM
americanbankingnews.com logo$26.39 Million in Sales Expected for City Office REIT, Inc. (CIO) This Quarter
www.americanbankingnews.com - September 18 at 1:56 AM
americanbankingnews.com logoCity Office REIT (CIO) & Parkway Properties (PKY) Head-To-Head Comparison
www.americanbankingnews.com - September 17 at 6:16 AM
americanbankingnews.com logoHead to Head Comparison: City Office REIT (CIO) vs. Boston Properties (BXP)
www.americanbankingnews.com - September 17 at 12:32 AM
americanbankingnews.com logo Brokerages Expect City Office REIT, Inc. (CIO) to Post $0.26 EPS
www.americanbankingnews.com - September 17 at 12:28 AM
americanbankingnews.com logoCity Office REIT, Inc. (CIO) Declares $0.24 Quarterly Dividend
www.americanbankingnews.com - September 15 at 6:28 PM
finance.yahoo.com logoCity Office REIT Announces Dividends for Third Quarter 2017
finance.yahoo.com - September 15 at 5:35 PM
finance.yahoo.com logoCity Office REIT Reports Minimal Damage From Hurricane Irma
finance.yahoo.com - September 12 at 5:50 PM
americanbankingnews.com logoCity Office REIT, Inc. (CIO) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - September 12 at 12:48 PM
americanbankingnews.com logoComparing City Office REIT (CIO) and its Peers
www.americanbankingnews.com - September 12 at 2:26 AM
americanbankingnews.com logoCritical Review: Highwoods Properties (HIW) versus City Office REIT (CIO)
www.americanbankingnews.com - September 6 at 12:16 AM
seekingalpha.com logoCity Office REIT Is Truly An 'Outlier' Worth Owning
seekingalpha.com - August 31 at 2:58 AM
americanbankingnews.com logoInsider Buying: City Office REIT, Inc. (CIO) CEO Buys 6,000 Shares of Stock
www.americanbankingnews.com - August 29 at 4:14 PM
finance.yahoo.com logoCity Office REIT, Inc. breached its 50 day moving average in a Bullish Manner : CIO-US : August 15, 2017
finance.yahoo.com - August 15 at 5:55 PM
americanbankingnews.com logo Brokerages Expect City Office REIT, Inc. (CIO) Will Post Earnings of $0.22 Per Share
www.americanbankingnews.com - August 11 at 10:00 AM
americanbankingnews.com logoCity Office REIT, Inc. (CIO) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS
www.americanbankingnews.com - August 4 at 7:48 PM
finance.yahoo.com logoEdited Transcript of CIO earnings conference call or presentation 3-Aug-17 3:00pm GMT
finance.yahoo.com - August 4 at 5:30 PM
streetinsider.com logoCity Office REIT (CIO) Tops Q2 EPS
www.streetinsider.com - August 3 at 6:45 PM
finance.yahoo.com logoCity Office REIT Reports Second Quarter 2017 Results
finance.yahoo.com - August 3 at 6:45 PM
finance.yahoo.com logoInvestor Network: City Office REIT, Inc. to Host Earnings Call
finance.yahoo.com - August 3 at 6:45 PM
finance.yahoo.com logoCity Office REIT reports 2Q results
finance.yahoo.com - August 3 at 6:45 PM
americanbankingnews.com logoCity Office REIT, Inc. (CIO) Updates Q4 Earnings Guidance
www.americanbankingnews.com - August 3 at 11:44 AM
americanbankingnews.com logoCity Office REIT, Inc. (NYSE:CIO) Updates FY17 Earnings Guidance
www.americanbankingnews.com - August 3 at 11:27 AM
americanbankingnews.com logoCorporate Office Properties Trust (OFC) & City Office REIT (NYSE:CIO) Financial Contrast
www.americanbankingnews.com - July 29 at 2:08 PM
americanbankingnews.com logoCity Office REIT, Inc. (CIO) to Release Quarterly Earnings on Thursday
www.americanbankingnews.com - July 27 at 7:34 AM
finance.yahoo.com logoCity Office REIT, Inc. breached its 50 day moving average in a Bearish Manner : CIO-US : July 26, 2017
finance.yahoo.com - July 26 at 5:47 PM
americanbankingnews.com logoCity Office REIT, Inc. (NYSE:CIO) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - July 24 at 12:43 PM
americanbankingnews.com logoReviewing City Office REIT (CIO) & Brandywine Realty Trust (BDN)
www.americanbankingnews.com - July 24 at 9:25 AM
americanbankingnews.com logo Analysts Expect City Office REIT, Inc. (NYSE:CIO) to Announce $0.24 Earnings Per Share
www.americanbankingnews.com - July 21 at 10:20 PM
seekingalpha.com logoSL Green Realty's (SLG) CEO Marc Holliday on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - July 21 at 8:31 PM
americanbankingnews.com logoCity Office REIT (NYSE:CIO) versus TIER REIT (TIER) Head to Head Comparison
www.americanbankingnews.com - July 19 at 8:38 AM
americanbankingnews.com logoCity Office REIT (NYSE:CIO) and Paramount Group (PGRE) Critical Contrast
www.americanbankingnews.com - July 11 at 8:26 PM
finance.yahoo.com logoCity Office REIT Announces Second Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - July 11 at 6:16 PM
finance.yahoo.com logoCity Office REIT, Inc. breached its 50 day moving average in a Bearish Manner : CIO-US : July 10, 2017
finance.yahoo.com - July 10 at 5:12 PM
finance.yahoo.com logoCity Office REIT, Inc. breached its 50 day moving average in a Bearish Manner : CIO-US : July 10, 2017
finance.yahoo.com - July 10 at 5:12 PM
americanbankingnews.com logoHead-To-Head Contrast: Mack-Cali Realty Corporation (CLI) and City Office REIT (CIO)
www.americanbankingnews.com - July 5 at 8:04 AM
streetinsider.com logoCity Office REIT (CIO) Declares $0.235 Quarterly Dividend; 7.4% Yield
www.streetinsider.com - June 28 at 10:08 PM
seekingalpha.com logoMarket Dynamics Part 2: Supply Surges, And CoreCivic Inc.
seekingalpha.com - June 22 at 9:38 PM
forbes.com logoRFID's "Metal Problem" Has been Solved by Iowa's Metalcraft, Inc.
www.forbes.com - May 11 at 4:57 PM
bizjournals.com logoMedical device marketing firm opens Austin office to cash in on city's health-tech reputation
www.bizjournals.com - May 9 at 9:19 PM

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Chart

City Office REIT (CIO) Chart for Tuesday, October, 17, 2017

This page was last updated on 10/17/2017 by MarketBeat.com Staff

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