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
Phone604-806-3366
Debt
Current Ratio2.54
Quick Ratio2.54
Price-To-Earnings
Sales & Book Value
Annual Sales$106.49 million
Price / Sales4.21
Price / Cash Flow8.28
Price / Book1.65
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 announced a quarterly dividend on Monday, December 24th. Shareholders 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 8.30%. 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 announced that its Board of Directors has approved a stock repurchase program on Saturday, March 3rd 2018, which allows the company to repurchase $40,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.
How were City Office REIT's earnings last quarter?
City Office REIT Inc (NYSE:CIO) posted its earnings results on Thursday, November, 1st. The real estate investment trust reported ($0.08) earnings per share for the quarter, meeting the Zacks' consensus estimate of ($0.08). The real estate investment trust had revenue of $33.55 million for the quarter, compared to analyst estimates of $33.16 million. City Office REIT had a net margin of 34.71% and a return on equity of 15.81%. 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 earnings per share guidance of $0.27-0.28 for the period.
What price target have analysts set for CIO?
4 Wall Street analysts have issued 12 month price objectives for City Office REIT's shares. Their forecasts range from $14.00 to $15.00. On average, they expect City Office REIT's share price to reach $14.25 in the next year. This suggests a possible upside of 25.8% 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 stories about CIO stock have been trending somewhat negative this week, according to InfoTrie. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. City Office REIT earned a coverage optimism score of -1.6 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near future.
Who are some of City Office REIT's key competitors?
Some companies that are related to City Office REIT include Invesco Mortgage Capital (IVR), 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) and Industrial Logistics Properties Trust (ILPT).
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 many different of retail and institutional investors. Top institutional investors 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 $11.33.
How big of a company is City Office REIT?
City Office REIT has a market capitalization of $440.52 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.
