About City Office REIT (NYSE:CIO)
City 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
Industry Office REITs
Trailing P/E Ratio-61.8235294117647
Forward P/E Ratio11.01
Sales & Book Value
Annual Sales$72.46 million
Price / Sales5.20
Cash Flow$1.00 per share
Price / Cash10.43
Book Value$4.78 per share
Price / Book2.19
Return on Equity1.91%
Return on Assets0.46%
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, December 18th. Stockholders of record on Thursday, January 11th will be paid a dividend of $0.235 per share on Thursday, January 25th. This represents a $0.94 annualized dividend and a dividend yield of 8.99%. The ex-dividend date of this dividend is Wednesday, January 10th. View City Office REIT's Dividend History.
How were City Office REIT's earnings last quarter?
City Office REIT Inc (NYSE:CIO) issued its quarterly earnings data on Thursday, August, 4th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.11) by $0.33. The real estate investment trust earned $16.10 million during the quarter, compared to analysts' expectations of $16.16 million. City Office REIT had a return on equity of 1.91% and a net margin of 3.65%. The firm's revenue was up 38.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. View City Office REIT's Earnings History.
When will City Office REIT make its next earnings announcement?
Where is City Office REIT's stock going? Where will City Office REIT's stock price be in 2018?
4 brokerages have issued 12 month price objectives for City Office REIT's stock. Their predictions range from $13.00 to $14.50. On average, they expect City Office REIT's share price to reach $14.00 in the next year. 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 Horizon Bancorp (HBNC), Oritani Financial (ORIT), INTL Fcstone (INTL), Yintech Investment (YIN), Granite Point Mortgage Trust (GPMT), Pzena Investment Management (PZN), Ambac Financial Group (AMBC), Pennsylvania R.E.I.T. (PEI), First Foundation (FFWM), EZCORP (EZPW), Great Southern Bancorp (GSBC), First of Long Island (FLIC), Urstadt Biddle Properties (UBA), Bridge Bancorp (BDGE), Veritex (VBTX), Camden National (CAC), Investment Technology Group (ITG) and National Commerce (NCOM).
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 (Age 76)
- Gregory Tylee, President, Chief Operating Officer (Age 45)
- James Farrar, Chief Executive Officer, Director (Age 42)
- Anthony Maretic, Chief Financial Officer, Treasurer, Secretary (Age 45)
- William R. Flatt, Independent Director (Age 42)
- Jeffrey David Kohn, Independent Director (Age 59)
- Mark Murski, Independent Director (Age 41)
- Stephen B. Shraiberg, Independent Director (Age 70)
- John W. Sweet Jr., Independent Director (Age 72)
Who owns City Office REIT stock?
City Office REIT's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Real Estate Management Services LLC (4.74%), BlackRock Inc. (4.32%), Renaissance Technologies LLC (3.81%), LSV Asset Management (2.58%), Millennium Management LLC (1.89%) and Kennedy Capital Management Inc. (1.82%). Company insiders that own City Office REIT stock include James Thomas Farrar, Jeffrey David Kohn, John R Mclernon, John Sweet, Mark Wilhelm Murski, Samuel Belzberg, Stephen B Shraiberg and William R Flatt. View Institutional Ownership Trends for City Office REIT.
Who sold City Office REIT stock? Who is selling City Office REIT stock?
City Office REIT's stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, LSV Asset Management, Metropolitan Life Insurance Co. NY, Wells Fargo & Company MN, Opus Capital Group LLC, Perritt Capital Management Inc., Spirit of America Management Corp NY and Bessemer Group Inc.. View Insider Buying and Selling for City Office REIT.
Who bought City Office REIT stock? Who is buying City Office REIT stock?
City Office REIT's stock was acquired by a variety of institutional investors in the last quarter, including Real Estate Management Services LLC, Renaissance Technologies LLC, Millennium Management LLC, Kennedy Capital Management Inc., Crow Point Partners LLC, Deutsche Bank AG, Ranger Global Real Estate Advisors LLC and Dalton Greiner Hartman Maher & Co.. 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, Samuel Belzberg, Stephen B Shraiberg and William R Flatt. View Insider Buying and Selling for City Office REIT.
How do I buy City Office REIT stock?
Shares of City Office REIT 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 City Office REIT stock can currently be purchased for approximately $10.46.
How big of a company is City Office REIT?
City Office REIT has a market capitalization of $381.37 million and generates $72.46 million in revenue each year. The real estate investment trust earns $-840,000.00 in net income (profit) each year or ($0.17) on an earnings per share basis.
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 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.
City Office REIT (NYSE:CIO) Earnings History and Estimates Chart
City Office REIT (NYSE CIO) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/6/2017||Q3 2017||$0.20||($0.12)||$25.66 million||$24.75 million||View||N/A|
|8/3/2017||6/30/2017||$0.24||$0.27||$26.18 million||$25.16 million||View||Listen|
|5/5/2017||3/31/2017||$0.22||($0.11)||$24.54 million||$25.40 million||View||N/A|
|3/2/2017||12/31/2016||($0.24)||($0.21)||$20.99 million||$21.30 million||View||Listen|
|11/7/2016||Q316||$0.25||$0.27||$7.98 million||$18.79 million||View||Listen|
|8/4/2016||Q216||($0.11)||$0.22||$16.16 million||$16.10 million||View||N/A|
|5/5/2016||Q116||($0.19)||$0.32||$16.33 million||$16.30 million||View||N/A|
|3/3/2016||Q415||($0.04)||($0.12)||$16.81 million||$17.50 million||View||N/A|
|11/6/2015||Q315||$0.32||$0.33||$13.93 million||$14.62 million||View||N/A|
|8/6/2015||Q215||($0.05)||$0.27||$11.48 million||$11.63 million||View||N/A|
|5/8/2015||Q115||$0.27||($0.06)||$11.40 million||$11.30 million||View||N/A|
|3/5/2015||Q414||$0.27||($0.14)||$10.34 million||$10.53 million||View||N/A|
|11/14/2014||Q3 2014||$0.25||($0.22)||$9.31 million||$10.00 million||View||N/A|
|8/14/2014||Q2 2014||$0.25||$0.22||$7.94 million||$8.39 million||View||N/A|
City Office REIT (NYSE:CIO) Earnings Estimates
2018 EPS Consensus Estimate: $1.07
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
City Office REIT (NYSE:CIO) Dividend Information
|Most Recent Dividend:||1/25/2018|
|Dividend Growth:||31.00% (3 Year Average)|
|Payout Ratio:||-552.94% (Trailing 12 Months of Earnings) |
98.95% (Based on This Year's Estimates)
88.68% (Based on Next Year's Estimates)
City Office REIT (NYSE:CIO) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
City Office REIT (NYSE CIO) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.20%
Institutional Ownership Percentage: 60.35%
City Office REIT (NYSE CIO) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|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|| |
City Office REIT (NYSE CIO) News Headlines
|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 (CIO) Stock Rating Upgraded by Zacks Investment Research|
www.americanbankingnews.com - January 29 at 9:36 PM
| Analysts Anticipate City Office REIT Inc (CIO) Will Announce Quarterly Sales of $29.52 Million|
www.americanbankingnews.com - January 27 at 4:12 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
|$29.68 Million in Sales Expected for City Office REIT Inc (CIO) This Quarter|
www.americanbankingnews.com - January 10 at 2:50 PM
|City Office REIT, Inc. (CIO) Ex-Dividend Date Scheduled for January|
www.nasdaq.com - January 9 at 9:54 AM
|EX-Dividend Schedule: City Office REIT has a Dividend Yield of 7.29%; Will Trade Ex-Dividend on January 10, 2018|
finance.yahoo.com - January 9 at 9:54 AM
|City Office REIT (CIO) Downgraded by Zacks Investment Research to "Sell"|
www.americanbankingnews.com - January 8 at 8:36 PM
|Zacks: Analysts Expect City Office REIT Inc (CIO) to Announce $0.28 EPS|
www.americanbankingnews.com - January 8 at 12:04 PM
|City Office REIT (CIO) Upgraded to Buy by Zacks Investment Research|
www.americanbankingnews.com - January 2 at 9:58 PM
|City Office REIT Inc Forecasted to Earn Q4 2017 Earnings of $0.25 Per Share (CIO)|
www.americanbankingnews.com - December 29 at 8:32 AM
|City Office REIT Inc (CIO) Expected to Post Quarterly Sales of $29.82 Million|
www.americanbankingnews.com - December 25 at 8:32 PM
|$0.29 Earnings Per Share Expected for City Office REIT Inc (CIO) This Quarter|
www.americanbankingnews.com - December 23 at 5:30 AM
|City Office REIT, Inc. Announces Closing of Upsized Public Offering of Common Stock and Full Exercise of Underwriters' Option|
finance.yahoo.com - December 21 at 4:58 PM
|City Office REIT Inc (CIO) Given Consensus Recommendation of "Buy" by Brokerages|
www.americanbankingnews.com - December 21 at 12:16 PM
|City Office REIT (CIO) Prices Upsized 5M Public Offering of Common Stock at $12.60/Share|
www.streetinsider.com - December 21 at 9:57 AM
|BRIEF-City Office REIT Announces Pricing Of Upsized Public Offering Of Common Stock|
www.reuters.com - December 19 at 9:59 AM
|City Office REIT, Inc. Announces Pricing of Upsized Public Offering of Common Stock|
finance.yahoo.com - December 19 at 9:59 AM
|City Office REIT, Inc. (CIO) Announces $0.24 Quarterly Dividend|
www.americanbankingnews.com - December 18 at 11:32 PM
|City Office REIT, Inc. Announces Public Offering of Common Stock|
finance.yahoo.com - December 18 at 4:54 PM
|City Office REIT, Inc. breached its 50 day moving average in a Bullish Manner : CIO-US : December 18, 2017|
finance.yahoo.com - December 18 at 10:16 AM
|City Office REIT (CIO) Declares $0.235 Quarterly Dividend; 7.2% Yield|
www.streetinsider.com - December 17 at 9:55 AM
|Comparing TIER REIT (TIER) & City Office REIT (CIO)|
www.americanbankingnews.com - December 17 at 5:32 AM
|City Office REIT Announces Dividends for Fourth Quarter 2017|
finance.yahoo.com - December 15 at 5:22 PM
| Analysts Expect City Office REIT, Inc. (CIO) Will Announce Quarterly Sales of $29.82 Million|
www.americanbankingnews.com - December 7 at 3:02 PM
|City Office REIT (CIO) Upgraded to "Buy" at ValuEngine|
www.americanbankingnews.com - December 3 at 7:16 PM
|City Office REIT, Inc. breached its 50 day moving average in a Bullish Manner : CIO-US : November 28, 2017|
finance.yahoo.com - November 28 at 8:28 AM
|City Office REIT, Inc. (CIO) Receives Consensus Rating of "Buy" from Analysts|
www.americanbankingnews.com - November 26 at 12:10 PM
|Analyzing TIER REIT (TIER) & City Office REIT (CIO)|
www.americanbankingnews.com - November 26 at 7:12 AM
|City Office Knows How To Move The Needle|
seekingalpha.com - November 21 at 4:20 AM
|Zacks: Brokerages Expect City Office REIT, Inc. (CIO) Will Announce Quarterly Sales of $29.82 Million|
www.americanbankingnews.com - November 18 at 2:14 AM
|$0.29 Earnings Per Share Expected for City Office REIT, Inc. (CIO) This Quarter|
www.americanbankingnews.com - November 16 at 9:31 PM
|City Office REIT, Inc. (CIO) Upgraded at Zacks Investment Research|
www.americanbankingnews.com - November 15 at 9:00 PM
|City Office REIT, Inc. breached its 50 day moving average in a Bullish Manner : CIO-US : November 8, 2017|
finance.yahoo.com - November 8 at 9:12 PM
|City Office REIT, Inc. (CIO) Downgraded by Zacks Investment Research to Sell|
www.americanbankingnews.com - November 8 at 6:26 PM
|Analyzing City Office REIT (CIO) and NorthStar Realty Europe Corp. (NRE)|
www.americanbankingnews.com - November 8 at 2:08 PM
|City Office REIT: A View From The Perspective Of A Preferred Investor: Update|
seekingalpha.com - November 8 at 1:15 AM
|City Office REIT, Inc. 2017 Q3 - Results - Earnings Call Slides|
seekingalpha.com - November 6 at 11:27 PM
|Edited Transcript of CIO earnings conference call or presentation 6-Nov-17 4:00pm GMT|
finance.yahoo.com - November 6 at 11:27 PM
|City Office REIT Reports Third Quarter 2017 Results|
finance.yahoo.com - November 6 at 6:24 PM
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 Thursday, February, 22, 2018