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
Trailing P/E Ratio11.69
Forward P/E Ratio10.50
Sales & Book Value
Annual Sales$106.49 million
Price / Sales3.85
Cash Flow$1.3049 per share
Price / Cash8.69
Book Value$6.88 per share
Price / Book1.65
EPS (Most Recent Fiscal Year)$0.97
Net Income$5.75 million
Return on Equity2.74%
Return on Assets0.70%
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. Stockholders of record on Wednesday, April 11th will be paid a dividend of $0.235 per share on Wednesday, April 25th. This represents a $0.94 annualized dividend and a dividend yield of 8.29%. 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 announced that its Board of Directors has initiated a stock repurchase 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 usually an indication that the company's leadership believes its stock is undervalued.
How were City Office REIT's earnings last quarter?
City Office REIT (NYSE:CIO) posted its earnings results on Thursday, March, 1st. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.27 by $0.36. The real estate investment trust had revenue of $31.18 million for the quarter, compared to analysts' expectations of $29.26 million. City Office REIT had a net margin of 5.41% and a return on equity of 2.74%. The company's revenue for the quarter was up 46.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 earnings per share. 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 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 brokerages have issued twelve-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 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?
Some companies that are related to City Office REIT include Universal Health Realty Income Trust (UHT), Capstead Mortgage (CMO), Independence Realty Trust (IRT), MTGE Investment (MTGE), Urstadt Biddle Properties (UBA), Hersha Hospitality Trust (HT), NorthStar Realty Europe (NRE), CBL & Associates Properties (CBL), Granite Point Mortgage Trust (GPMT), New Senior Investment Group (SNR), iStar Financial (STAR), Ashford Hospitality Trust (AHT), Pennsylvania R.E.I.T. (PEI), New York Mortgage Trust (NYMT), PMC Commercial Trust (CMCT), Investors Real Estate Trust (IRET), Preferred Apartment (APTS) and NexPoint Residential Trst (NXRT).
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, Pres & COO (Age 46)
- Mr. Anthony Maretic C.A., CFO, Sec., Treasurer & Principal Accounting Officer (Age 46)
Has City Office REIT been receiving favorable news coverage?
Media stories about CIO stock have trended somewhat positive on Friday, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. City Office REIT earned a media sentiment score of 0.24 on Accern's scale. They also gave news articles about the real estate investment trust an impact score of 46.98 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
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 $11.34.
How big of a company is City Office REIT?
City Office REIT has a market capitalization of $422.22 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 8.29%. CIO's next quarterly dividend payment will be made on Wednesday, April 25. City Office REIT pays out 96.91% of its earnings out as a dividend.
|Dividend Growth:||31.00% (3 Year Average)|
|Payout Ratio:||96.91% (Trailing 12 Months of Earnings) |
87.04% (Based on This Year's Estimates)
79.66% (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: 64.34%
City Office REIT (NYSE CIO) Insider Trading History
(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|
|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|| |
City Office REIT (NYSE CIO) News Headlines
|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 (CIO) Updates FY18 Earnings Guidance|
www.americanbankingnews.com - March 1 at 9:54 AM
|City Office REIT Reports Fourth Quarter and Full Year 2017 Results|
finance.yahoo.com - March 1 at 9:21 AM
| Analysts Expect City Office REIT Inc (CIO) Will Post Earnings of $0.28 Per Share|
www.americanbankingnews.com - February 28 at 5:20 AM
|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 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 (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 Friday, April, 20, 2018