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

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$12.12 +0.06 (+0.50 %)
(As of 02/17/2019 12:41 PM ET)
Previous Close$12.12
Today's Range$12.0730 - $12.19
52-Week Range$9.73 - $13.20
Volume159,562 shs
Average Volume195,777 shs
Market Capitalization$479.27 million
P/E Ratio12.49
Dividend Yield7.79%
Beta0.53
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.

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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$106.49 million
Cash Flow$1.3557 per share
Book Value$6.88 per share

Profitability

Net Income$5.75 million

Miscellaneous

Employees17
Market Cap$479.27 million
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. Stockholders of record on Friday, January 11th will be paid a dividend of $0.235 per share on Friday, January 25th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.76%. The ex-dividend date is Thursday, January 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 authorized a share buyback program on Saturday, March 3rd 2018, which permits the company to repurchase $40,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board 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, 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 analysts' expectations of $31.09 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?

City Office REIT is scheduled to release their next quarterly earnings announcement on Wednesday, February 27th 2019. View Earnings Estimates for City Office REIT.

What price target have analysts set for CIO?

4 analysts have issued 12-month target prices for City Office REIT's shares. Their predictions range from $14.00 to $15.00. On average, they anticipate City Office REIT's share price to reach $14.25 in the next year. This suggests a possible upside of 17.6% 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?

News coverage about CIO stock has trended negative recently, according to InfoTrie. The research group rates the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. City Office REIT earned a coverage optimism score of -2.8 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days.

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

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.55%), LSV Asset Management (5.32%), Nuveen Asset Management LLC (2.26%), Principal Financial Group Inc. (2.08%), Real Estate Management Services LLC (1.90%) and D.A. Davidson & CO. (1.66%). 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 institutional investors are selling City Office REIT stock?

CIO stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Real Estate Management Services LLC, Nuveen Asset Management LLC, Martingale Asset Management L P, Orinda Asset Management LLC, Millennium Management LLC, Janney Montgomery Scott 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 purchased by a variety of institutional investors in the last quarter, including LSV Asset Management, BlackRock Inc., Northern Trust Corp, Monarch Partners Asset Management LLC, Chicago Equity Partners LLC, Dimensional Fund Advisors LP, Geode Capital Management LLC and Menta Capital LLC. 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 $12.12.

How big of a company is City Office REIT?

City Office REIT has a market capitalization of $479.27 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?

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

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)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  197 (Vote Outperform)
Underperform Votes:  205 (Vote Underperform)
Total Votes:  402
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.
This page was last updated on 2/17/2019 by MarketBeat.com Staff

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