City Office REIT, Inc. (NYSE:CIO – Get Rating) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 541,300 shares, an increase of 5.5% from the February 13th total of 513,100 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 300,400 shares, the days-to-cover ratio is currently 1.8 days.
City Office REIT Stock Performance
NYSE:CIO opened at $6.48 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.48 and a current ratio of 2.48. The stock’s fifty day moving average is $8.89 and its 200 day moving average is $9.56. City Office REIT has a fifty-two week low of $6.42 and a fifty-two week high of $18.35. The firm has a market capitalization of $258.75 million, a PE ratio of 38.12 and a beta of 1.62.
City Office REIT Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 25th. Investors of record on Tuesday, April 11th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 12.35%. The ex-dividend date of this dividend is Monday, April 10th. City Office REIT’s payout ratio is currently 470.62%.
Institutional Investors Weigh In On City Office REIT
Wall Street Analyst Weigh In
Several research firms have recently commented on CIO. StockNews.com began coverage on shares of City Office REIT in a research report on Thursday. They set a “hold” rating for the company. B. Riley reduced their price target on shares of City Office REIT from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, February 27th.
City Office REIT Company Profile
City Office REIT, Inc is a real estate investment trust. It focuses on acquiring, owning and operating office properties located primarily in metropolitan areas in the Southern and Western United States. The company was founded on November 26, 2013 and is headquartered in Vancouver, Canada.
- Get a free copy of the StockNews.com research report on City Office REIT (CIO)
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