City Office REIT Inc (NYSE:CIO) Director John Sweet acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The stock was acquired at an average price of $10.70 per share, for a total transaction of $10,700.00. Following the completion of the acquisition, the director now directly owns 6,867 shares of the company’s stock, valued at $73,476.90. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
NYSE CIO traded up $0.11 during trading hours on Friday, hitting $10.93. The company’s stock had a trading volume of 13,687 shares, compared to its average volume of 239,110. City Office REIT Inc has a twelve month low of $10.03 and a twelve month high of $13.43. The firm has a market capitalization of $423.12 million, a P/E ratio of 11.25, a P/E/G ratio of 1.11 and a beta of 0.33. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.54 and a quick ratio of 2.54.
City Office REIT (NYSE:CIO) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported ($0.08) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.08). City Office REIT had a net margin of 34.71% and a return on equity of 15.81%. The business had revenue of $33.55 million for the quarter, compared to analyst estimates of $33.16 million. Sell-side analysts expect that City Office REIT Inc will post 1.07 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in City Office REIT in the second quarter worth $101,000. State of Alaska Department of Revenue acquired a new stake in City Office REIT in the third quarter worth $143,000. Private Advisor Group LLC acquired a new stake in City Office REIT in the second quarter worth $185,000. Deltec Asset Management LLC acquired a new stake in City Office REIT in the third quarter worth $189,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new stake in City Office REIT in the third quarter worth $244,000. Institutional investors own 74.91% of the company’s stock.
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About City Office REIT
City Office REIT, Inc (NYSE: CIO) invests in high-quality office properties in mid-sized metropolitan areas with strong economic fundamentals, primarily in the Southern and Western United States. At September 30, 2018, CIO owned office complexes comprising 5.3 million square feet of net rentable area (NRA).
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