NYSE:CIOCity Office REIT Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding City Office REIT Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $8.98 -0.04 (-0.44 %) (As of 08/14/2020 04:00 PM ET) Add Compare Share Today's Range$8.88Now: $8.98▼$9.1950-Day Range$8.31MA: $9.50▼$10.1352-Week Range$6.50Now: $8.98▼$14.50Volume274,890 shsAverage Volume522,660 shsMarket Capitalization$389.71 millionP/E RatioN/ADividend Yield6.65%Beta1.25 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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).Read More Beat the Market (BTM) Rank™ 3.3 Analyst's Opinion Consensus RatingCity Office REIT has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $12.60, City Office REIT has a potential upside of 40.2% from its current price of $8.99.Amount of Analyst CoverageCity Office REIT has only been the subject of 1 research reports in the past 90 days. Previous Next 2.4 Community Rank Outperform VotesCity Office REIT has received 266 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCity Office REIT has received 294 “underperform” votes. (Add your “underperform” vote.)Community SentimentCity Office REIT has received 52.50% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipCity Office REIT is a leading dividend payer. It pays a dividend yield of 6.44%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCity Office REIT has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of City Office REIT is 51.28%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, City Office REIT will have a dividend payout ratio of 50.00% next year. This indicates that City Office REIT will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, City Office REIT insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.60% of the stock of City Office REIT is held by insiders.Percentage Held by Institutions89.34% of the stock of City Office REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for City Office REIT are expected to grow by 13.21% in the coming year, from $1.06 to $1.20 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of City Office REIT is -89.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of City Office REIT is -89.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioCity Office REIT has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.13 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:CIO Previous Symbol CUSIPN/A CIK1593222 Webwww.cityofficereit.com Phone604-806-3366Debt Debt-to-Equity Ratio1.70 Current Ratio7.23 Quick Ratio7.23Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio8.47 P/E GrowthN/A Sales & Book Value Annual Sales$156.30 million Price / Sales2.49 Cash Flow$1.11 per share Price / Cash Flow8.06 Book Value$8.01 per share Price / Book1.12Profitability EPS (Most Recent Fiscal Year)$1.17 Net Income$1.80 million Net Margins1.90% Return on Equity0.74% Return on Assets0.24%Miscellaneous Employees18 Outstanding Shares43,397,000Market Cap$389.71 million Next Earnings Date11/6/2020 (Estimated) OptionableOptionable $8.98 -0.04 (-0.44 %) (As of 08/14/2020 04:00 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive CIO News and Ratings via Email Sign-up to receive the latest news and ratings for CIO and its competitors with MarketBeat's FREE daily newsletter. City Office REIT (NYSE:CIO) Frequently Asked Questions How has City Office REIT's stock been impacted by Coronavirus (COVID-19)? 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 (WHO). Since then, CIO shares have decreased by 6.8% and is now trading at $8.98. View which stocks have been most impacted by COVID-19. 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 Friday, November 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) issued its quarterly earnings data on Thursday, August, 6th. The real estate investment trust reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.26 by $0.29. City Office REIT had a return on equity of 0.74% and a net margin of 1.90%. 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 announced a quarterly dividend on Friday, June 12th. Stockholders of record on Friday, July 10th will be paid a dividend of $0.15 per share on Friday, July 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date of this dividend is Thursday, July 9th. 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, August, 6th. The company provided earnings per share guidance of 1.15-1.18 for the period. What price target have analysts set for CIO? 5 brokerages 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 share price to reach $12.60 in the next twelve months. This suggests a possible upside of 40.3% from the stock's current price. View analysts' price targets for City Office REIT. Has City Office REIT been receiving favorable news coverage? Media coverage about CIO stock has trended somewhat negative on Friday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. City Office REIT earned a media sentiment score of -1.8 on InfoTrie's scale. They also assigned news 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 near future. View the latest news about City Office REIT. Are investors shorting City Office REIT? City Office REIT saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,250,000 shares, an increase of 47.3% from the June 15th total of 848,600 shares. Based on an average daily volume of 613,000 shares, the short-interest ratio is presently 2.0 days. View City Office REIT's Short Interest. Who are some of City Office REIT's key competitors? Some companies that are related to City Office REIT include Two Harbors Investment (TWO), LTC Properties (LTC), Hospitality Properties Trust (SVC), Retail Properties of America (RPAI), Apollo Commercial Real Est. Finance (ARI), Retail Opportunity Investments (ROIC), Monmouth R.E. Inv. (MNR), Industrial Logistics Properties Trust (ILPT), Columbia Property Trust (CXP), Interrent Real Estate Investment Trust (IIPZF), MFA FINL INC/SH (MFA), The GEO Group (GEO), Alexander's (ALX), Colony Capital (CLNY) and ARBOR RLTY TR I/SH (ABR). View all competitors. What other stocks do shareholders of City Office REIT own? 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), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), NGL Energy Partners (NGL) and Ares Capital (ARCC). 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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.09%), LSV Asset Management (5.11%), Victory Capital Management Inc. (2.70%), Goldman Sachs Group Inc. (1.57%), Silvercrest Asset Management Group LLC (1.03%) and Dalton Greiner Hartman Maher & Co. (0.61%). 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 Vanguard Group Inc., Bank of Montreal Can, D.A. Davidson & CO., AJO LP, LSV Asset Management, ICM Asset Management Inc. WA, Victory Capital Management Inc., and Janney Montgomery Scott 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 Goldman Sachs Group Inc., Bank of America Corp DE, Silvercrest Asset Management Group LLC, Bank of New York Mellon Corp, Swiss National Bank, WINTON GROUP Ltd, 1492 Capital Management LLC, and SG Americas Securities 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 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 $8.98. How big of a company is City Office REIT? City Office REIT has a market capitalization of $389.71 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 8/14/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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