City Office REIT (NYSE:CIO - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.100-1.140 for the period, compared to the consensus earnings per share estimate of 1.100. The company issued revenue guidance of -.
City Office REIT Stock Performance
City Office REIT stock traded down $0.24 during mid-day trading on Friday, hitting $4.93. 155,507 shares of the company's stock traded hands, compared to its average volume of 122,738. The firm has a 50 day simple moving average of $5.25 and a two-hundred day simple moving average of $5.49. City Office REIT has a fifty-two week low of $4.02 and a fifty-two week high of $6.50. The stock has a market cap of $197.74 million, a price-to-earnings ratio of -7.94, a P/E/G ratio of 0.86 and a beta of 1.98. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.42 and a quick ratio of 2.42.
City Office REIT (NYSE:CIO - Get Free Report) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $0.40. City Office REIT had a negative return on equity of 2.74% and a negative net margin of 10.33%. The company had revenue of $41.92 million during the quarter, compared to the consensus estimate of $42.79 million. On average, research analysts expect that City Office REIT will post 1 EPS for the current fiscal year.
City Office REIT Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.12%. The ex-dividend date of this dividend was Friday, January 10th. City Office REIT's dividend payout ratio is currently -64.52%.
City Office REIT Company Profile
(
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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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