Media stories about City Office REIT (NYSE:CIO) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. City Office REIT earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 45.8985097541642 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- City Office REIT, Inc. breached its 50 day moving average in a Bullish Manner : CIO-US : November 8, 2017 (finance.yahoo.com)
- City Office REIT, Inc. (CIO) Downgraded by Zacks Investment Research to Sell (americanbankingnews.com)
- Analyzing City Office REIT (CIO) and NorthStar Realty Europe Corp. (NRE) (americanbankingnews.com)
- City Office REIT: A View From The Perspective Of A Preferred Investor: Update (seekingalpha.com)
CIO has been the topic of several recent research reports. B. Riley reaffirmed a “buy” rating and set a $14.50 price objective on shares of City Office REIT in a report on Tuesday, November 7th. FBR & Co reaffirmed a “buy” rating on shares of City Office REIT in a report on Friday, October 6th. ValuEngine raised shares of City Office REIT from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Zacks Investment Research raised shares of City Office REIT from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Tuesday, July 25th. Finally, BidaskClub raised shares of City Office REIT from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $14.50.
Shares of City Office REIT (NYSE:CIO) traded up $0.01 on Tuesday, hitting $12.88. The stock had a trading volume of 68,100 shares, compared to its average volume of 152,657. City Office REIT has a 12-month low of $11.43 and a 12-month high of $13.93. The company has a market capitalization of $389.17, a PE ratio of 14.46, a PEG ratio of 1.50 and a beta of 0.22. 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 declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 11th were given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 7.30%. The ex-dividend date was Tuesday, October 10th. City Office REIT’s dividend payout ratio is presently -552.94%.
In related news, CEO James Thomas Farrar purchased 6,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were purchased at an average cost of $12.52 per share, for a total transaction of $75,120.00. Following the completion of the transaction, the chief executive officer now directly owns 184,789 shares in the company, valued at approximately $2,313,558.28. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.20% of the company’s stock.
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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