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

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$12.59 +0.11 (+0.88 %)
(As of 06/21/2018 04:00 PM ET)
Previous Close$12.48
Today's Range$12.41 - $12.60
52-Week Range$10.03 - $13.93
Volume217,689 shs
Average Volume264,103 shs
Market Capitalization$448.04 million
P/E Ratio12.89
Dividend Yield7.58%
Beta0.15
City Office REIT logoCity 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 March 31, 2018, CIO owned office complexes comprising 4.6 million square feet of net rentable area (?NRA?).

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:CIO
CUSIPN/A
Phone604-806-3366

Debt

Debt-to-Equity Ratio1.48
Current Ratio3.87
Quick Ratio3.87

Price-To-Earnings

Trailing P/E Ratio12.89
Forward P/E Ratio11.55
P/E Growth1.26

Sales & Book Value

Annual Sales$106.49 million
Price / Sales4.27
Cash Flow$1.3655 per share
Price / Cash9.22
Book Value$6.88 per share
Price / Book1.83

Profitability

EPS (Most Recent Fiscal Year)$0.97
Net Income$5.75 million
Net Margins48.20%
Return on Equity23.51%
Return on Assets6.40%

Miscellaneous

Employees17
Outstanding Shares36,130,000

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 announced a quarterly dividend on Monday, June 18th. Shareholders of record on Wednesday, July 11th will be paid a dividend of $0.235 per share on Wednesday, July 25th. This represents a $0.94 dividend on an annualized basis and a yield of 7.47%. The ex-dividend date of this dividend is Tuesday, July 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 has authorized a share buyback plan on Saturday, March 3rd 2018, which permits the company to buyback $40,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

How were City Office REIT's earnings last quarter?

City Office REIT Inc (NYSE:CIO) announced its quarterly earnings data on Friday, May, 4th. The real estate investment trust reported $1.24 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.25 by $0.99. The real estate investment trust had revenue of $31.53 million for the quarter, compared to the consensus estimate of $31.14 million. City Office REIT had a net margin of 48.20% and a return on equity of 23.51%. 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 Wednesday, August, 1st 2018. View Earnings Estimates for City Office REIT.

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 expect City Office REIT's stock price to reach $13.8333 in the next year. 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:
  • Mr. James Thomas Farrar CFA, CEO & Director (Age 42)
  • Mr. Gregory Tylee, COO & Pres (Age 46)
  • Mr. Anthony Maretic C.A., CFO, Sec. & Treasurer (Age 46)

Has City Office REIT been receiving favorable news coverage?

Media stories about CIO stock have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. City Office REIT earned a daily sentiment score of 0.24 on Accern's scale. They also gave media stories about the real estate investment trust an impact score of 47.95 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Who are City Office REIT's major shareholders?

City Office REIT's stock is owned by a number of of institutional and retail investors. Top institutional shareholders 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.

Which institutional investors are selling City Office REIT stock?

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.

Which institutional investors are buying City Office REIT stock?

CIO stock was acquired 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.

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 $12.59.

How big of a company is City Office REIT?

City Office REIT has a market capitalization of $448.04 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)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  155 (Vote Outperform)
Underperform Votes:  144 (Vote Underperform)
Total Votes:  299
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.
This page was last updated on 6/21/2018 by MarketBeat.com Staff

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