City Office REIT (NYSE:CIO) is scheduled to release its earnings data before the market opens on Wednesday, February 28th. Analysts expect City Office REIT to post earnings of ($0.09) per share for the quarter.
City Office REIT (NYSE CIO) opened at $10.59 on Wednesday. City Office REIT has a 52-week low of $10.15 and a 52-week high of $13.93. The company has a market capitalization of $373.43, a PE ratio of -62.29, a PEG ratio of 1.12 and a beta of 0.09. The company has a debt-to-equity ratio of 2.80, a quick ratio of 3.94 and a current ratio of 3.94.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, January 11th were given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 8.88%. The ex-dividend date was Wednesday, January 10th. City Office REIT’s dividend payout ratio is presently -552.94%.
CIO has been the subject of a number of analyst reports. Zacks Investment Research downgraded City Office REIT from a “buy” rating to a “sell” rating in a research report on Monday, January 8th. ValuEngine raised City Office REIT from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Deutsche Bank downgraded City Office REIT from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $16.00 to $13.00 in a research report on Wednesday, January 10th. Finally, B. Riley reissued a “buy” rating and set a $14.50 price objective on shares of City Office REIT in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. City Office REIT currently has a consensus rating of “Hold” and an average price target of $14.25.
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About City Office REIT
City Office REIT, Inc is a real estate investment trust. The Company is focused on acquiring, owning and operating office properties located primarily in metropolitan areas in the Southern and Western United States. It conducts its operations primarily through City Office REIT Operating Partnership, L.P.
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