City Office REIT, Inc. (NYSE:CIO) is expected to pay $0.24 on Oct 25, 2016. The indicated annual dividend is $0.94. Shareholders owning the stock before Oct 6, 2016 will be eligible to receive the payout. Based on City Office REIT, Inc.’s current price of $12.62, the dividend is 1.86%. This dividend’s record date is Oct 11, 2016 and the announcement date is Sep 16, 2016. The stock decreased 1.56% or $0.2 on October 4, hitting $12.62. City Office REIT Inc (NYSE:CIO) has risen 3.44% since March 2, 2016 and is uptrending. It has underperformed by 4.82% the S&P500.
City Office REIT, Inc. is focused on acquiring, owning and operating Class A and B office properties located within its target markets in the United States. The company has a market cap of $312.12 million. The Firm operates in the office properties segment. It currently has negative earnings. The Firm has over 10 primary target markets, which are located in metropolitan areas in the Southern and Western United States.
Insitutional Activity: The institutional sentiment decreased to 1.94 in Q2 2016. Its down 0.10, from 2.04 in 2016Q1. The ratio is negative, as 18 funds sold all City Office REIT Inc shares owned while 13 reduced positions. 28 funds bought stakes while 32 increased positions. They now own 10.06 million shares or 24.57% more from 8.07 million shares in 2016Q1.
Bank Of Montreal Can holds 0.01% or 501,169 shares in its portfolio. Strs Ohio owns 6,300 shares or 0% of their US portfolio. State Bank Of America De owns 6,435 shares or 0% of their US portfolio. Parametric Port Associate Limited Liability Corporation accumulated 16,793 shares or 0% of the stock. Lsv Asset Management holds 0% or 27,000 shares in its portfolio. State Of New Jersey Common Pension Fund D accumulated 0.02% or 288,000 shares. Dubuque Financial Bank And Trust reported 133,761 shares or 0.34% of all its holdings. Greenwich Management holds 0.68% or 49,225 shares in its portfolio. Rhumbline Advisers has 0% invested in the company for 15,609 shares. Icm Asset Mgmt Wa holds 1.65% or 86,900 shares in its portfolio. Manufacturers Life Insurance The holds 0% or 15,543 shares in its portfolio. Blackrock Mgmt Limited Liability Company holds 0% or 74,269 shares in its portfolio. Mizuho & Bk Com Limited owns 4,092 shares or 0% of their US portfolio. Schnieders Capital Limited Liability Corporation accumulated 0.07% or 10,250 shares. Legal General Grp Incorporated Public Limited Co has invested 0% of its portfolio in City Office REIT Inc (NYSE:CIO).
City Office REIT Inc (NYSE:CIO) Ratings Coverage
Out of 4 analysts covering City Office REIT (NYSE:CIO), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $15 is the highest target while $13 is the lowest. The $14.88 average target is 17.91% above today’s ($12.62) stock price. City Office REIT has been the topic of 7 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The stock of City Office REIT Inc (NYSE:CIO) earned “Buy” rating by Deutsche Bank on Monday, July 18. The company was maintained on Wednesday, August 19 by Oppenheimer. The rating was maintained by Compass Point with “Buy” on Friday, August 5. The firm has “Buy” rating by Compass Point given on Thursday, May 12. As per Tuesday, May 31, the company rating was initiated by Deutsche Bank. Zacks upgraded the shares of CIO in a report on Monday, August 24 to “Sell” rating. As per Friday, August 5, the company rating was maintained by Wunderlich.
More notable recent City Office REIT Inc (NYSE:CIO) news were published by: Prnewswire.com which released: “City Office REIT Announces Dividend for Third Quarter 2016” on September 15, 2016, also Prnewswire.com with their article: “City Office REIT Announces OP Unit Redemption and Addition of Jeffrey Kohn to …” published on July 15, 2016, Prnewswire.com published: “City Office REIT Announces Third Quarter 2016 Earnings Release and Conference Call” on October 05, 2016. More interesting news about City Office REIT Inc (NYSE:CIO) were released by: Marketwatch.com and their article: “City Office REIT started at buy with $14 stock price target at Deutsche Bank” published on December 21, 2009 as well as Prnewswire.com‘s news article titled: “City Office REIT, Inc. Announces Closing of Management Internalization” with publication date: February 01, 2016.
CIO Company Profile
City Office REIT, Inc., incorporated on November 26, 2013, is focused on acquiring, owning and operating Class A and B office properties located within its target markets in the United States. The Firm operates in the office properties segment. The Firm has over 10 primary target markets, which are located in metropolitan areas in the Southern and Western United States. The Firm owns over 10 office complexes consisting of over 30 office buildings with a total area of approximately 3.3 million square feet of net rentable area (NRA) in the metropolitan areas of Boise (Idaho), Denver (Colorado), Portland (Oregon), Tampa (Florida), Allentown (Pennsylvania), Dallas (Texas) and Orlando (FLorida). Approximately 49.1% of the base rental revenue from its properties is derived from tenants in these markets that are federal or state government agencies or investment grade tenants.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.