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 March 31, 2018, CIO owned office complexes comprising 4.6 million square feet of net rentable area (?NRA?).
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:CIO
CUSIPN/A
Phone604-806-3366
Debt
Debt-to-Equity Ratio1.75
Current Ratio3.45
Quick Ratio3.45
Price-To-Earnings
Trailing P/E Ratio13.37
Forward P/E Ratio11.79
P/E Growth1.29
Sales & Book Value
Annual Sales$106.49 million
Price / Sales4.40
Cash Flow$1.3667 per share
Price / Cash9.49
Book Value$6.88 per share
Price / Book1.89
Profitability
EPS (Most Recent Fiscal Year)$0.97
Net Income$5.75 million
Net Margins36.89%
Return on Equity17.42%
Return on Assets4.90%
Miscellaneous
Employees17
Outstanding Shares36,130,000
Market Cap$461.42 million
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. Stockholders of record on Wednesday, July 11th will be given a dividend of $0.235 per share on Wednesday, July 25th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date is Tuesday, July 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 approved a share buyback program on Saturday, March 3rd 2018, which permits the company to buyback $40,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's board of directors believes its shares are undervalued.
How were City Office REIT's earnings last quarter?
City Office REIT Inc (NYSE:CIO) issued its earnings results on Thursday, August, 2nd. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by $0.32. The real estate investment trust had revenue of $30.24 million for the quarter, compared to analysts' expectations of $31.09 million. City Office REIT had a return on equity of 17.42% and a net margin of 36.89%. View City Office REIT's Earnings History.
When is City Office REIT's next earnings date?
What price target have analysts set for CIO?
5 brokers have issued 12 month target prices for City Office REIT's stock. Their forecasts range from $13.00 to $15.00. On average, they anticipate City Office REIT's share price to reach $14.00 in the next year. This suggests a possible upside of 7.9% from the stock's current price. View Analyst Price Targets for City Office REIT.
What is the consensus analysts' recommendation for City Office REIT?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for City Office REIT in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for City Office REIT.
What are Wall Street analysts saying about City Office REIT stock?
Here are some recent quotes from research analysts about City Office REIT stock:
- 1. Boenning Scattergood analysts commented, "We are initiating coverage of City Office REIT Inc. (CIO) with an Outperform rating and a $14.50 price target. CIO invests primarily in Class A office properties in mid-sized metropolitan areas that it believes have strong economic fundamentals, primarily in the southern and western United States. CIO has been disciplined in acquiring properties and has acquired 3 million square feet of office space (over $1 billion of cost) since its IPO in 2014 and divested three properties at internal rates of return that ranged from 17% to 51% and generated over $70 million of gains. Operating revenues increased to $113 million from $33 million, and the average annualized base rent per square foot increased by 32%." (7/10/2018)
- 2. According to Zacks Investment Research, "City Office REIT, Inc. is a real estate investment trust. It focuses on acquiring, owning, and operating office properties in the United States. The Company invests in properties located in metropolitan areas in the Southern and Western United States. City Office REIT, Inc. is based in Vancouver, Canada. " (3/12/2018)
Who are some of City Office REIT's key competitors?
Some companies that are related to City Office REIT include Select Income REIT (SIR), American Assets Trust (AAT), Invesco Mortgage Capital (IVR), Mack Cali Realty (CLI), LTC Properties (LTC), Alexander & Baldwin (ALEX), Four Corners Property Trust (FCPT), AMERN FIN TR IN/SH (AFIN), National Storage Affiliates Trust (NSA), Agree Realty (ADC), Industrial Logistics Properties Trust (ILPT), Safestore (SFSHF), Global Net Lease (GNL), Summit Hotel Properties (INN) and Caretrust REIT (CTRE).
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 Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. City Office REIT earned a news impact score of 0.16 on Accern's scale. They also assigned media headlines about the real estate investment trust an impact score of 45.56 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days. View Recent Headlines for City Office REIT.
Who are City Office REIT's major shareholders?
City Office REIT's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.51%), Real Estate Management Services LLC (5.39%), Renaissance Technologies LLC (4.31%), LSV Asset Management (2.44%), D.A. Davidson & CO. (1.77%) and Dalton Greiner Hartman Maher & Co. (1.54%). 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 major investors are selling City Office REIT stock?
CIO stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Orinda Asset Management LLC, Real Estate Management Services LLC, D.A. Davidson & CO., Advisors Asset Management Inc., Spirit of America Management Corp NY, RMR Advisors LLC and Raymond James & Associates. View Insider Buying and Selling for City Office REIT.
Which major investors are buying City Office REIT stock?
CIO stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Connor Clark & Lunn Investment Management Ltd., American Century Companies Inc., BlackRock Inc., Dalton Greiner Hartman Maher & Co., Martingale Asset Management L P, Victory Capital Management Inc. and Los Angeles Capital Management & Equity Research Inc.. 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 $12.97.
How big of a company is City Office REIT?
City Office REIT has a market capitalization of $461.42 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 (NYSE 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.
