City Office REIT (NYSE:CIO - Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.150-1.170 for the period, compared to the consensus earnings per share estimate of 1.170. The company issued revenue guidance of -.
City Office REIT Stock Performance
Shares of NYSE CIO traded down $0.23 during trading on Thursday, reaching $5.16. 117,841 shares of the company traded hands, compared to its average volume of 209,407. City Office REIT has a 12-month low of $3.69 and a 12-month high of $6.70. The stock has a market cap of $207.19 million, a P/E ratio of -19.25, a PEG ratio of 0.92 and a beta of 1.95. The firm's fifty day simple moving average is $5.82 and its 200 day simple moving average is $5.34. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 1.00.
City Office REIT (NYSE:CIO - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.27 by ($0.41). City Office REIT had a negative net margin of 4.02% and a negative return on equity of 1.07%. The business had revenue of $42.34 million during the quarter, compared to analyst estimates of $43.27 million. During the same period in the previous year, the business posted $0.35 earnings per share. As a group, research analysts anticipate that City Office REIT will post 1.04 earnings per share for the current fiscal year.
City Office REIT Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 7.75%. The ex-dividend date was Thursday, October 10th. City Office REIT's payout ratio is -142.86%.
About City Office REIT
(
Get Free Report)
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.
Read More
Before you consider City Office REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and City Office REIT wasn't on the list.
While City Office REIT currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
