Press coverage about City Office REIT (NYSE:CIO) has been trending somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. City Office REIT earned a daily sentiment score of 0.05 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 47.269748137658 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- $29.68 Million in Sales Expected for City Office REIT Inc (CIO) This Quarter (americanbankingnews.com)
- City Office REIT, Inc. (CIO) Ex-Dividend Date Scheduled for January (nasdaq.com)
- EX-Dividend Schedule: City Office REIT has a Dividend Yield of 7.29%; Will Trade Ex-Dividend on January 10, 2018 (finance.yahoo.com)
- City Office REIT (CIO) Downgraded by Zacks Investment Research to “Sell” (americanbankingnews.com)
- Zacks: Analysts Expect City Office REIT Inc (CIO) to Announce $0.28 EPS (americanbankingnews.com)
Several research analysts have commented on CIO shares. B. Riley reissued a “buy” rating and issued a $14.50 price objective on shares of City Office REIT in a research report on Tuesday, November 7th. FBR & Co reissued a “buy” rating on shares of City Office REIT in a research report on Friday, October 6th. Zacks Investment Research raised City Office REIT from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Tuesday, January 2nd. ValuEngine raised City Office REIT from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Deutsche Bank lowered City Office REIT from a “buy” rating to a “hold” rating and cut their price objective for the company from $16.00 to $13.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $14.25.
City Office REIT (NYSE:CIO) opened at $11.99 on Friday. The company has a debt-to-equity ratio of 2.80, a current ratio of 3.94 and a quick ratio of 3.94. City Office REIT has a 52-week low of $11.43 and a 52-week high of $13.93. The company has a market capitalization of $441.87, a PE ratio of -70.53, a price-to-earnings-growth ratio of 1.32 and a beta of 0.22.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 11th will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 7.84%. The ex-dividend date is Wednesday, January 10th. City Office REIT’s dividend payout ratio (DPR) is presently -552.94%.
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.
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