City Office REIT, Inc. (NYSE:CIO) CEO James Thomas Farrar purchased 6,000 shares of the stock in a transaction on Tuesday, August 29th. The stock was acquired at an average cost of $12.52 per share, with a total value of $75,120.00. Following the acquisition, the chief executive officer now owns 184,789 shares of the company’s stock, valued at approximately $2,313,558.28. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of City Office REIT, Inc. (NYSE:CIO) traded up 0.3581% on Tuesday, hitting $12.5548. The stock had a trading volume of 107,230 shares. The firm’s 50-day moving average price is $12.53 and its 200 day moving average price is $12.48. The firm’s market cap is $379.93 million. City Office REIT, Inc. has a 52-week low of $11.43 and a 52-week high of $13.55.

City Office REIT (NYSE:CIO) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. City Office REIT had a return on equity of 1.91% and a net margin of 3.70%. The company had revenue of $25.16 million during the quarter, compared to the consensus estimate of $26.18 million. During the same period in the previous year, the firm posted $0.22 earnings per share. On average, equities research analysts predict that City Office REIT, Inc. will post ($0.10) EPS for the current year.

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Several equities research analysts have weighed in on CIO shares. Zacks Investment Research raised City Office REIT from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Monday, May 8th. FBR & Co started coverage on City Office REIT in a report on Tuesday, July 11th. They issued an “outperform” rating and a $14.50 price target for the company. Deutsche Bank AG raised their price target on City Office REIT from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. ValuEngine downgraded City Office REIT from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, TheStreet raised City Office REIT from a “d” rating to a “c” rating in a report on Thursday, May 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $14.63.

Institutional investors have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. increased its position in shares of City Office REIT by 0.7% in the first quarter. Nomura Asset Management Co. Ltd. now owns 14,000 shares of the real estate investment trust’s stock valued at $170,000 after buying an additional 100 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of City Office REIT by 1.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 16,326 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 214 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of City Office REIT by 0.6% in the second quarter. Wells Fargo & Company MN now owns 87,592 shares of the real estate investment trust’s stock valued at $1,112,000 after buying an additional 563 shares in the last quarter. Schnieders Capital Management LLC increased its position in shares of City Office REIT by 5.1% in the first quarter. Schnieders Capital Management LLC now owns 12,400 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 600 shares in the last quarter. Finally, Strs Ohio increased its position in shares of City Office REIT by 10.3% in the second quarter. Strs Ohio now owns 8,600 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 800 shares in the last quarter. Institutional investors own 52.98% of the company’s stock.

About City Office REIT

City Office REIT, Inc is a real estate investment trust. The Company is focused on acquiring, owning and operating office properties located primarily in metropolitan areas in the Southern and Western United States. It conducts its operations primarily through City Office REIT Operating Partnership, L.P.

Insider Buying and Selling by Quarter for City Office REIT (NYSE:CIO)

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