City Office REIT (NYSE:CIO – Get Free Report) will post its quarterly earnings results before the market opens on Friday, May 3rd. Analysts expect City Office REIT to post earnings of $0.28 per share for the quarter. City Office REIT has set its FY 2024 guidance at 1.180-1.220 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.
City Office REIT (NYSE:CIO – Get Free Report) last issued its earnings results on Thursday, February 22nd. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.42). City Office REIT had a negative return on equity of 0.40% and a negative net margin of 1.50%. The firm had revenue of $44.32 million during the quarter, compared to the consensus estimate of $44.47 million. During the same period last year, the firm posted $0.38 earnings per share. On average, analysts expect City Office REIT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
City Office REIT Trading Up 0.4 %
Shares of CIO stock opened at $4.66 on Wednesday. City Office REIT has a 12-month low of $3.45 and a 12-month high of $6.70. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 1.01. The stock’s 50-day moving average price is $4.57 and its 200-day moving average price is $4.91. The stock has a market capitalization of $187.10 million, a price-to-earnings ratio of -18.64, a price-to-earnings-growth ratio of 0.70 and a beta of 1.84.
City Office REIT Announces Dividend
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised City Office REIT from a “sell” rating to a “hold” rating in a report on Thursday, April 11th.
View Our Latest Analysis on CIO
Insider Transactions at City Office REIT
In related news, Director Michael Mazan purchased 39,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was bought at an average price of $4.22 per share, for a total transaction of $164,580.00. Following the completion of the transaction, the director now owns 39,000 shares in the company, valued at approximately $164,580. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.90% of the company’s stock.
City Office REIT Company Profile
City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating high-quality office properties located predominantly in Sun Belt markets. City Office currently owns or has a controlling interest in 5.7 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S.
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