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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 Ratio11.98
Forward P/E Ratio10.88
P/E Growth1.21
Sales & Book Value
Annual Sales$106.49 million
Price / Sales4.02
Cash Flow$1.3462 per share
Price / Cash8.81
Book Value$7.89 per share
Price / Book1.50
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. Investors 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 yield of 7.93%. 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 of Directors has authorized a share buyback program on Saturday, March 3rd 2018, which authorizes the company to repurchase $40,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its shares are undervalued.
How were City Office REIT's earnings last quarter?
City Office REIT Inc (NYSE:CIO) issued its quarterly earnings results on Friday, May, 4th. The real estate investment trust reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.99. The real estate investment trust had revenue of $31.53 million for the quarter, compared to analyst estimates of $31.14 million. City Office REIT had a return on equity of 23.51% and a net margin of 48.20%. 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 issued an update on 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 analysts have issued 1 year price objectives for City Office REIT's shares. Their predictions range from $13.00 to $14.50. On average, they anticipate City Office REIT's stock price to reach $13.8333 in the next year. View Analyst Ratings for City Office REIT.
Are investors shorting City Office REIT?
City Office REIT saw a decline in short interest during the month of April. As of April 30th, there was short interest totalling 361,475 shares, a decline of 34.5% from the April 13th total of 551,757 shares. Based on an average daily trading volume, of 191,463 shares, the short-interest ratio is presently 1.9 days. Approximately 1.1% of the shares of the company are sold short.
Who are some of City Office REIT's key competitors?
Some companies that are related to City Office REIT include Ladder Capital (LADR), Mack Cali Realty (CLI), American Assets Trust (AAT), Summit Hotel Properties (INN), LTC Properties (LTC), Alexander & Baldwin (ALEX), Agree Realty (ADC), Safestore (SFSHF), Washington Prime Group (WPG), Industrial Logistics Properties Trust (ILPT), National Storage (NSA), Four Corners Property (FCPT), CYRELA BRAZIL R/S (CYRBY), Global Net Lease (GNL) 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 coverage about CIO stock has been trending somewhat positive on Sunday, Accern Sentiment reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of 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 0.08 on Accern's scale. They also gave press coverage about the real estate investment trust an impact score of 46.31 out of 100, indicating that recent news 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 many different 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 $11.86.
How big of a company is City Office REIT?
City Office REIT has a market capitalization of $428.53 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 7.93%. 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: | 7.93% |
| 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)
69.83% (Based on Cash Flow)
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| 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: 3.20%
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
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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 Sunday, May, 27, 2018
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