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NYSE:CIOCity Office REIT Stock Price, Forecast & News

$9.72
+0.29 (+3.08 %)
(As of 06/3/2020 04:00 PM ET)
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Today's Range
$9.43
Now: $9.72
$9.90
50-Day Range
$8.12
MA: $9.07
$10.47
52-Week Range
$6.50
Now: $9.72
$14.50
Volume446,100 shs
Average Volume420,737 shs
Market Capitalization$462.38 million
P/E RatioN/A
Dividend Yield6.17%
Beta1.32
City Office REIT, Inc. (NYSE: CIO) invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the Southern and Western United States. At December 31, 2018, CIO owned office complexes comprising 5.7 million square feet of net rentable area (“NRA”).
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City Office REIT logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.73 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone604-806-3366

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$156.30 million
Cash Flow$1.14 per share
Book Value$8.01 per share

Profitability

Net Income$1.80 million

Miscellaneous

Employees18
Market Cap$462.38 million
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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City Office REIT (NYSE:CIO) Frequently Asked Questions

How has City Office REIT's stock been impacted by COVID-19 (Coronavirus)?

City Office REIT's stock was trading at $9.64 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CIO stock has increased by 0.8% and is now trading at $9.72. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for City Office REIT.

When is City Office REIT's next earnings date?

City Office REIT is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for City Office REIT.

How were City Office REIT's earnings last quarter?

City Office REIT Inc (NYSE:CIO) released its quarterly earnings data on Thursday, May, 7th. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.27. The real estate investment trust earned $40.12 million during the quarter, compared to analysts' expectations of $39.35 million. City Office REIT had a net margin of 2.33% and a return on equity of 1.01%. View City Office REIT's earnings history.

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 Wednesday, March 25th. Shareholders of record on Thursday, April 9th will be given a dividend of $0.15 per share on Friday, April 24th. This represents a $0.60 annualized dividend and a dividend yield of 6.17%. The ex-dividend date of this dividend is Wednesday, April 8th. View City Office REIT's dividend history.

What guidance has City Office REIT issued on next quarter's earnings?

City Office REIT updated its FY 2020 Pre-Market earnings guidance on Thursday, May, 7th. The company provided earnings per share guidance of 1.07-1.12 for the period.

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 $9.00 to $15.00. On average, they expect City Office REIT's stock price to reach $12.40 in the next twelve months. This suggests a possible upside of 27.6% from the stock's current price. View analysts' price targets for City Office REIT.

Has City Office REIT been receiving favorable news coverage?

News stories about CIO stock have been trending negative on Thursday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. City Office REIT earned a daily sentiment score of -2.8 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutCity Office REIT.

Who are some of City Office REIT's key competitors?

What other stocks do shareholders of City Office REIT own?

Who are City Office REIT's key executives?

City Office REIT's management team includes the following people:
  • Mr. James Thomas Farrar CFA, CEO & Director (Age 43)
  • Mr. Gregory Tylee, COO & Pres (Age 47)
  • Mr. Anthony Maretic C.A., CFO, Treasurer & Sec. (Age 47)

What is City Office REIT's stock symbol?

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

Who are City Office REIT's major shareholders?

City Office REIT's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.61%), Alliancebernstein L.P. (8.91%), Nuveen Asset Management LLC (3.01%), Victory Capital Management Inc. (2.47%), Victory Capital Management Inc. (2.84%) and State Street Corp (2.77%). 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.

Which major investors are selling City Office REIT stock?

CIO stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., AJO LP, Principal Financial Group Inc., Alliancebernstein L.P., Dalton Greiner Hartman Maher & Co., Connor Clark & Lunn Investment Management Ltd., Nuveen Asset Management LLC, and Parametric Portfolio Associates LLC. View insider buying and selling activity for City Office REIT.

Which major investors are buying City Office REIT stock?

CIO stock was acquired by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., Victory Capital Management Inc., Victory Capital Management Inc., SG Americas Securities LLC, Geode Capital Management LLC, Martingale Asset Management L P, JPMorgan Chase & Co., and State Street Corp. 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 activity 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, Robinhood, Fidelity, and Charles Schwab.

What is City Office REIT's stock price today?

One share of CIO stock can currently be purchased for approximately $9.72.

How big of a company is City Office REIT?

City Office REIT has a market capitalization of $462.38 million and generates $156.30 million in revenue each year. The real estate investment trust earns $1.80 million in net income (profit) each year or $1.17 on an earnings per share basis. City Office REIT employs 18 workers across the globe.

What is City Office REIT's official website?

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

How can I contact City Office REIT?

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]

This page was last updated on 6/4/2020 by MarketBeat.com Staff

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