NYSE:CIO - City Office REIT Stock Price, Forecast & News

City Office REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIO."

City Office REIT declared a quarterly dividend on Monday, December 16th. Investors of record on Friday, January 10th will be given a dividend of $0.235 per share on Friday, January 24th. This represents a $0.94 dividend on an annualized basis and a yield of 7.12%. The ex-dividend date of this dividend is Thursday, January 9th. View City Office REIT's Dividend History.

City Office REIT announced that its board 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. Shares buyback programs are often an indication that the company's board believes its stock is undervalued.

City Office REIT Inc (NYSE:CIO) announced its quarterly 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 earned $30.24 million during the quarter, compared to the consensus estimate of $31.09 million. City Office REIT had a negative return on equity of 2.66% and a negative net margin of 5.18%. View City Office REIT's Earnings History.

City Office REIT is scheduled to release their next quarterly earnings announcement on Friday, May 1st 2020. View Earnings Estimates for City Office REIT.

City Office REIT updated its FY 2020 Pre-Market earnings guidance on Wednesday, February, 26th. The company provided EPS guidance of 1.13-1.18 for the period.

5 analysts have issued 12 month price objectives for City Office REIT's stock. Their forecasts range from $12.00 to $15.00. On average, they anticipate City Office REIT's share price to reach $14.00 in the next twelve months. This suggests a possible upside of 6.1% from the stock's current price. View Analyst Price Targets 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.

Media headlines about CIO stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. City Office REIT earned a coverage optimism score of -1.0 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the company's share price in the near future. View News Stories for City Office REIT.

Some companies that are related to City Office REIT include Lexington Realty Trust (LXP), Invesco Mortgage Capital (IVR), CYRELA BRAZIL R/S (CYRBY), Brandywine Realty Trust (BDN), Potlatchdeltic (PCH), Apollo Commercial Real Est. Finance (ARI), American Assets Trust (AAT), RLJ Lodging Trust (RLJ), Retail Properties of America (RPAI), Washington Real Estate Investment Trust (WRE), Hannon Armstrong Sustnbl Infrstr Cap (HASI), Columbia Property Trust (CXP), Essential Properties Realty Trust (EPRT), Empire State Realty Trust (ESRT) and NY MTG TR INC/SH (NYMT).

Based on aggregate information from My MarketBeat watchlists, some companies that other City Office REIT investors own include Energy Transfer LP Unit (ET), New Residential Investment (NRZ), CBL & Associates Properties (CBL), AGNC Investment (AGNC), AT&T (T), Western Asset Mortgage Capital (WMC), NGL Energy Partners (NGL), ANNALY CAP MGMT/SH (NLY), Ares Capital (ARCC) and Arlington Asset Investment (AI).

City Office REIT's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Alliancebernstein L.P. (8.09%), Renaissance Technologies LLC (5.88%), LSV Asset Management (4.50%), State Street Corp (2.35%), Victory Capital Management Inc. (2.26%) and Victory Capital Management Inc. (2.06%). Company insiders that own City Office REIT stock include Gregory Tylee, James Thomas Farrar, John Sweet and Stephen B Shraiberg. View Institutional Ownership Trends for City Office REIT.

CIO stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Marshall Wace LLP, Connor Clark & Lunn Investment Management Ltd., Prudential Financial Inc., Martingale Asset Management L P, AXA, Keeley Teton Advisors LLC and Principal Financial Group Inc.. View Insider Buying and Selling for City Office REIT.

CIO stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., LSV Asset Management, Bank of Montreal Can, State Street Corp, Alliancebernstein L.P., Geode Capital Management LLC and Renaissance Technologies LLC. Company insiders that have bought City Office REIT stock in the last two years include Gregory Tylee, James Thomas Farrar, John Sweet and Stephen B Shraiberg. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of CIO stock can currently be purchased for approximately $13.20.

City Office REIT has a market capitalization of $720.06 million and generates $129.48 million in revenue each year. The real estate investment trust earns $38.17 million in net income (profit) each year or $1.08 on an earnings per share basis. City Office REIT employs 18 workers across the globe.View Additional Information About City Office REIT.

The official website for City Office REIT is http://www.cityofficereit.com/.

City Office REIT's mailing address is 666 BURRARD STREET SUITE 3210, VANCOUVER A1, V6C 2X8. The real estate investment trust can be reached via phone at 604-806-3366 or via email at [email protected]