Analyst Activity – Deutsche Bank AG Lowers Its Price Target On City Office REIT (NYSE:CIO) to $14.00

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Analyst Ratings For City Office REIT (NYSE:CIO)

Today, Deutsche Bank AG lowered its price target on City Office REIT (NYSE:CIO) to $14.00 per share.

There are 1 hold rating, 4 buy ratings on the stock.

The current consensus rating on City Office REIT (NYSE:CIO) is Buy (Score: 2.80) with a consensus target price of $14.63 per share, a potential 22.18% upside.

Some recent analyst ratings include

  • 3/1/2017-Raymond James Financial, Inc. initiated coverage with a Mkt Perform rating.
  • 11/8/2016-DA Davidson Reiterated Rating of Buy.
  • 3/9/2016-Oppenheimer Holdings Inc. Reiterated Rating of Outperform.
  • 6/4/2015-Janney Montgomery Scott initiated coverage with a Buy rating.

Dividend information for City Office REIT (NYSE:CIO)

City Office REIT (NYSE:CIO) pays an annual dividend of $0.94 with a yield of 7.85% and an average dividend growth of 0.00% based on a 3 Year Average..

Dividend History for City Office REIT (NYSE:CIO)

  • On 12/22/2016 City Office REIT announced a quarterly dividend of $0.24 7.37% with an ex dividend date of 1/11/2017 which will be payable on 1/25/2017.
  • On 9/16/2016 City Office REIT announced a quarterly dividend of $0.24 7.52% with an ex dividend date of 10/6/2016 which will be payable on 10/25/2016.
  • On 6/21/2016 City Office REIT announced a quarterly dividend of $0.24 7.69% with an ex dividend date of 7/5/2016 which will be payable on 7/21/2016.
  • On 3/16/2016 City Office REIT announced a quarterly dividend of $0.24 7.65% with an ex dividend date of 4/1/2016 which will be payable on 4/19/2016.
  • On 12/21/2015 City Office REIT announced a quarterly dividend of $0.24 7.95% with an ex dividend date of 1/4/2016 which will be payable on 1/20/2016.
  • On 9/16/2015 City Office REIT announced a quarterly dividend of $0.24 8.92% with an ex dividend date of 10/1/2015 which will be payable on 10/19/2015.
  • On 6/16/2015 City Office REIT announced a quarterly dividend of $0.24 7.53% with an ex dividend date of 6/30/2015 which will be payable on 7/17/2015.

Recent Insider Trading Activity For City Office REIT (NYSE:CIO)
City Office REIT (NYSE:CIO) has insider ownership of 8.60% and institutional ownership of 36.86%.

  • On 3/16/2017 Mark Wilhelm Murski, Director, bought 5,000 with an average share price of $12.01 per share and the total transaction amounting to $60,050.00. View SEC Filing
  • On 3/15/2017 James Thomas Farrar, CEO, bought 10,000 with an average share price of $11.55 per share and the total transaction amounting to $115,500.00. View SEC Filing
  • On 3/15/2017 John R Mclernon, Director, bought 2,000 with an average share price of $11.61 per share and the total transaction amounting to $23,220.00. View SEC Filing
  • On 1/13/2017 Jeffrey David Kohn, Director, bought 20,161 with an average share price of $12.40 per share and the total transaction amounting to $249,996.40. View SEC Filing
  • On 12/9/2016 James Thomas Farrar, CEO, bought 8,000 with an average share price of $12.66 per share and the total transaction amounting to $101,280.00. View SEC Filing
  • On 12/6/2016 Jeffrey David Kohn, Director, bought 3,700 with an average share price of $12.43 per share and the total transaction amounting to $45,991.00. View SEC Filing
  • On 11/14/2016 William R Flatt, Director, bought 36 with an average share price of $12.00 per share and the total transaction amounting to $432.00. View SEC Filing

About City Office REIT (NYSE:CIO)
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 operates in the office properties segment. The Company has over 10 primary target markets, which are located in metropolitan areas in the Southern and Western United States. It 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 rental revenue from properties is derived from tenants in these markets that are federal or state government agencies or investment grade tenants. Its principal business objective is to provide risk-adjusted returns to investors over the long-term through a combination of dividends and capital appreciation.

Recent Trading Activity for City Office REIT (NYSE:CIO)
Shares of City Office REIT closed the previous trading session at 11.97 down -0.02 -0.17% with 159,069 shares trading hands.

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