City Office REIT, Inc. is a real estate investment trust. It focuses on acquiring, owning and operating office properties located primarily in metropolitan areas in the Southern and Western United States. The company was founded on November 26, 2013 and is headquartered in Vancouver, Canada.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Phone(604) 806-3366
Debt
Current Ratio2.54
Quick Ratio2.54
Price-To-Earnings
Sales & Book Value
Annual Sales$106.49 million
Price / Sales4.20
Price / Cash Flow8.15
Price / Book1.64
Profitability
Net Income$5.75 million
Net Margins34.71%
Return on Assets4.78%
Miscellaneous
Employees17
OptionableOptionable
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 Monday, December 24th. Investors of record on Friday, January 11th will be given a dividend of $0.235 per share on Friday, January 25th. This represents a $0.94 dividend on an annualized basis and a yield of 8.32%. The ex-dividend date of this dividend is Thursday, January 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 repurchase program on Saturday, March 3rd 2018, which allows the company to buyback $40,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.
How were City Office REIT's earnings last quarter?
City Office REIT Inc (NYSE:CIO) released its earnings results on Thursday, November, 1st. The real estate investment trust reported ($0.08) EPS for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.08). The real estate investment trust earned $33.55 million during the quarter, compared to analysts' expectations of $33.16 million. City Office REIT had a return on equity of 15.81% and a net margin of 34.71%. 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 fourth quarter 2018 earnings guidance on Thursday, November, 1st. The company provided EPS guidance of $0.27-0.28 for the period.
What price target have analysts set for CIO?
4 brokers have issued 12 month price targets for City Office REIT's shares. Their forecasts range from $14.00 to $15.00. On average, they anticipate City Office REIT's share price to reach $14.25 in the next twelve months. This suggests a possible upside of 26.1% from the stock's current price. View Analyst Price Targets for City Office REIT.
What is the consensus analysts' recommendation for City Office REIT?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for City Office REIT in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for City Office REIT.
Has City Office REIT been receiving favorable news coverage?
Media headlines about CIO stock have trended positive recently, according to InfoTrie. The research group identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. City Office REIT earned a daily sentiment score of 2.3 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the company's share price in the immediate future.
Who are some of City Office REIT's key competitors?
Some companies that are related to City Office REIT include LTC Properties (LTC), Caretrust REIT (CTRE), Chesapeake Lodging Trust (CHSP), Alexander's (ALX), Alexander & Baldwin (ALEX), National Storage Affiliates Trust (NSA), Safestore (SFSHF), Global Net Lease (GNL), American Finance Trust (AFIN), Hannon Armstrong Sustnbl Infrstr Cap (HASI), Redwood Trust (RWT), Kite Realty Group Trust (KRG), TPG RE Finance Trust (TRTX), Industrial Logistics Properties Trust (ILPT) and PennyMac Mortgage Investment Trust (PMT).
Who are City Office REIT's key executives?
City Office REIT's management team includes the folowing people:
- James Thomas Farrar, Chief Executive Officer & Director
- Greg Tylee, President & Chief Operating Officer
- Anthony Maretic, Chief Financial Officer, Secretary & Treasurer
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 Dubuque Bank & Trust Co. (0.52%), Spirit of America Management Corp NY (0.38%), Boston Advisors LLC (0.05%) and State of Alaska Department of Revenue (0.03%). Company insiders that own City Office REIT stock include Gregory Tylee, James Thomas Farrar, John R Mclernon, John Sweet, Mark Wilhelm Murski and Stephen B Shraiberg. View Institutional Ownership Trends for City Office REIT.
Which major investors are selling City Office REIT stock?
Which major investors are buying City Office REIT stock?
CIO stock was bought by a variety of institutional investors in the last quarter, including Dubuque Bank & Trust Co., Boston Advisors LLC and State of Alaska Department of Revenue. Company insiders that have bought City Office REIT stock in the last two years include Gregory Tylee, James Thomas Farrar, John R Mclernon, John Sweet, Mark Wilhelm Murski and Stephen B Shraiberg. 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 $11.30.
How big of a company is City Office REIT?
City Office REIT has a market capitalization of $433.40 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.
What is City Office REIT's official website?
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.
