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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 Ratio1.48
Current Ratio3.87
Quick Ratio3.87
Price-To-Earnings
Trailing P/E Ratio11.77
Forward P/E Ratio10.63
P/E Growth1.17
Sales & Book Value
Annual Sales$106.49 million
Price / Sales3.93
Cash Flow$1.3635 per share
Price / Cash8.50
Book Value$6.88 per share
Price / Book1.68
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 declared a quarterly dividend on Thursday, March 22nd. Shareholders of record on Wednesday, April 11th will be given 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 8.11%. 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 declared that its board has initiated a stock buyback program on Saturday, March 3rd 2018, which allows the company to buyback $40,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its stock is undervalued.
How were City Office REIT's earnings last quarter?
City Office REIT (NYSE:CIO) issued its quarterly earnings data on Friday, May, 4th. The real estate investment trust reported $1.24 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.25 by $0.99. The real estate investment trust earned $31.53 million during 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?
What guidance has City Office REIT issued on next quarter's earnings?
City Office REIT updated 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 estimate of $1.11.
What price target have analysts set for CIO?
3 analysts have issued 12-month price targets for City Office REIT's shares. Their forecasts 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.
Are investors shorting City Office REIT?
City Office REIT saw a decrease in short interest in April. As of April 30th, there was short interest totalling 361,475 shares, a decrease of 34.5% from the April 13th total of 551,757 shares. Based on an average daily trading volume, of 191,463 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.1% of the company's shares are short sold.
Who are some of City Office REIT's key competitors?
Some companies that are related to City Office REIT include American Assets Trust (AAT), Mack-Cali Realty (CLI), LTC Properties (LTC), Summit Hotel Properties (INN), Alexander & Baldwin (ALEX), Safestore (SFSHF), Agree Realty (ADC), CYRELA BRAZIL R/S (CYRBY), Industrial Logistics Properties Trust (ILPT), Four Corners Property (FCPT), National Storage (NSA), Washington Prime Group (WPG), Global Net Lease (GNL), Redwood Trust (RWT) and Kite Realty Group Trust (KRG).
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 trended somewhat positive recently, Accern reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. City Office REIT earned a media sentiment score of 0.22 on Accern's scale. They also assigned news articles about the real estate investment trust an impact score of 46.40 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few 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%), BlackRock Inc. (5.01%), Nuveen Asset Management LLC (4.59%), LSV Asset Management (2.31%), Millennium Management LLC (1.96%) and D.A. Davidson & CO. (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, 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 bought 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 $11.59.
How big of a company is City Office REIT?
City Office REIT has a market capitalization of $413.35 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 8.11%. CIO's most recent quarterly dividend payment was Wednesday, April 25. City Office REIT pays out 96.91% of its earnings out as a dividend.
| Most Recent Dividend: | 4/25/2018 |
| Annual Dividend: | $0.94 |
| Dividend Yield: | 8.11% |
| Dividend Growth: | 31.00% (3 Year Average) |
| Payout Ratio(s): | 96.91% (Trailing 12 Months of Earnings)
86.24% (Based on This Year's Estimates)
79.66% (Based on Next Year's Estimates)
68.94% (Based on Cash Flow)
|
| 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: 2.70%
Institutional Ownership Percentage: 64.37%
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 |
|---|
 | City Office REIT (CIO) Given Consensus Rating of "Hold" by Analysts
www.americanbankingnews.com - May 20 at 9:53 AM |
| City Office REIT (CIO) Short Interest Down 34.5% in April
www.americanbankingnews.com - May 17 at 3:16 AM |
| $32.48 Million in Sales Expected for City Office REIT (CIO) This Quarter
www.americanbankingnews.com - May 9 at 3:44 AM |
| City Office REIT (CIO) Expected to Announce Earnings of $0.27 Per Share
www.americanbankingnews.com - May 7 at 11:24 AM |
| City Office REIT (CIO) Posts Earnings Results, Beats Estimates By $0.99 EPS
www.americanbankingnews.com - May 5 at 1:54 PM |
 | Edited Transcript of CIO earnings conference call or presentation 4-May-18 3:00pm GMT
finance.yahoo.com - May 5 at 10:00 AM |
 | City Office REIT Series A Cumulative Redeemable Preferred Stock Shares Cross 7% Yield Mark
www.nasdaq.com - May 4 at 4:17 PM |
 | City Office REIT's (CIO) CEO Jamie Farrar on Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - May 4 at 4:17 PM |
 | City Office REIT (CIO) Reports Q1 EPS of $1.24, Beats on Revenues
www.streetinsider.com - May 4 at 9:33 AM |
| City Office REIT: 1Q Earnings Snapshot
finance.yahoo.com - May 4 at 9:33 AM |
| City Office REIT Reports First Quarter 2018 Results
finance.yahoo.com - May 4 at 9:33 AM |
| City Office REIT (CIO) Set to Announce Quarterly Earnings on Thursday
www.americanbankingnews.com - April 26 at 2:34 AM |
| City Office REIT (CIO) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - April 25 at 11:28 AM |
| Analysts Expect City Office REIT (CIO) Will Announce Quarterly Sales of $31.14 Million
www.americanbankingnews.com - April 22 at 4:04 AM |
| City Office REIT (CIO) Rating Lowered to Hold at ValuEngine
www.americanbankingnews.com - April 20 at 1:54 PM |
| $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 (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 Monday, May, 21, 2018
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