Summary
6.27 0.01(0.16%)09/19/2024
City Office REIT Inc (CIO)
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City Office REIT Inc (CIO)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 0.16 | 5.91 | 10.19 | 23.43 | 49.64 | 33.97 | -40.29 | 0.80 |
Last 730 data points are shown. To view all data, Upgrade to PRO plan with only $1
| Trading Data | ||
| Close | 6.27 | |
| Open | 6.38 | |
| High | 6.39 | |
| Low | 6.21 | |
| Volume | 84,835 | |
| Change | 0.01 | |
| Change % | 0.16 | |
| Avg Volume (20 Days) | 103,108 | |
| Volume/Avg Volume (20 Days) Ratio | 0.82 | |
| 52 Week Range | 3.46 - 6.71 | |
| Price vs 52 Week High | -6.56% | |
| Price vs 52 Week Low | 81.21% | |
| Range | -0.16 | |
| Gap Up/Down | -0.14 | |
Fundamentals | ||
| Market Capitalization (Mln) | 251 | |
| EBIDTA | 93,857,000 | |
| PE Ratio | 0.0000 | |
| PEG Ratio | -7.8800 | |
| WallStreet Target Price | 6.00 | |
| Book Value | 16.3250 | |
| Earnings Per Share | -0.2800 | |
| EPS Estimate Current Quarter | -0.1300 | |
| EPS Estimate Next Quarter | -0.1300 | |
| EPS Estimate Current Year | -0.5400 | |
| EPS Estimate Next Year | -0.4900 | |
| Diluted EPS (TTM) | -0.2800 | |
| Revenues | ||
| Profit Marging | -0.0224 | |
| Operating Marging (TTM) | 0.1790 | |
| Return on asset (TTM) | 0.0122 | |
| Return on equity (TTM) | -0.0043 | |
| Revenue TTM | 177,632,000 | |
| Revenue per share TTM | 4.4430 | |
| Quarterly Revenue Growth (YOY) | -0.0320 | |
| Quarterly Earnings Growth (YOY) | -0.5230 | |
| Gross Profit (TTM) | 112,746,000 | |
| Dividends | ||
| Dividend Share | 0.4000 | |
| Dividend Yield | 0.0837 | |
| Valuations | ||
| Trailing PE | 0.0000 | |
| Forward PE | 384.6154 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 0.2737 | |
| Revenue Enterprise Value | 5.2046 | |
| EBITDA Enterprise Value | 10.0414 | |
| Shares | ||
| Shares Outstanding | 40,154,100 | |
| Shares Float | 35,303,044 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.01 | |
| Insider (%) | 3.99 | |
| Institutions (%) | 67.32 | |
09/13 16:05 EST - prnewswire.com
City Office REIT Announces Dividends for Third Quarter 2024
VANCOUVER , Sept. 13, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the third quarter of 2024.
City Office REIT Announces Dividends for Third Quarter 2024
VANCOUVER , Sept. 13, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the third quarter of 2024.
08/31 11:00 EST - cnbc.com
What's stalling China's stock market recovery, according to KraneShares' CIO
With investors fleeing Chinese stocks over growth concerns, the case for fiscal intervention could be stronger than ever.
What's stalling China's stock market recovery, according to KraneShares' CIO
With investors fleeing Chinese stocks over growth concerns, the case for fiscal intervention could be stronger than ever.
08/21 15:26 EST - investopedia.com
Franklin Resources Stock Sinks as SEC Investigates Co-CIO of $2B Unit
Franklin Resources (BEN) was the worst-performing stock in the S&P 500 Wednesday after the investment manager reported that Ken Leech, the co-Chief Investment Officer (CIO) of its Western Asset Management unit, was on a leave of absence after receiving a Wells Notice from the Securities and Exchange Commission (SEC).
Franklin Resources Stock Sinks as SEC Investigates Co-CIO of $2B Unit
Franklin Resources (BEN) was the worst-performing stock in the S&P 500 Wednesday after the investment manager reported that Ken Leech, the co-Chief Investment Officer (CIO) of its Western Asset Management unit, was on a leave of absence after receiving a Wells Notice from the Securities and Exchange Commission (SEC).
08/06 08:00 EST - seekingalpha.com
Cash Cows: 9 High-Yield REITs With Safe Dividends
High-quality REITs with higher yields than usual may be a good investment opportunity. Income investors may find U.S. treasuries more appealing due to lower risk and higher yields compared to most REITs. Seeking Alpha Premium offers a Dividend Safety grade for REITs. A grade of B- or better indicates a mere 1 in 50 risk of a dividend cut.
Cash Cows: 9 High-Yield REITs With Safe Dividends
High-quality REITs with higher yields than usual may be a good investment opportunity. Income investors may find U.S. treasuries more appealing due to lower risk and higher yields compared to most REITs. Seeking Alpha Premium offers a Dividend Safety grade for REITs. A grade of B- or better indicates a mere 1 in 50 risk of a dividend cut.
08/01 16:33 EST - seekingalpha.com
City Office REIT, Inc. (CIO) Q2 2024 Earnings Call Transcript
City Office REIT, Inc. (NYSE:CIO ) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Tony Maretic - Chief Financial Officer, Secretary & Treasurer Jamie Farrar - Chief Executive Officer & Director Conference Call Participants Rob Stevenson - Janney Upal Rana - KeyBanc Capital Markets Operator Good morning, and welcome to the City Office REIT, Inc. Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
City Office REIT, Inc. (CIO) Q2 2024 Earnings Call Transcript
City Office REIT, Inc. (NYSE:CIO ) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Tony Maretic - Chief Financial Officer, Secretary & Treasurer Jamie Farrar - Chief Executive Officer & Director Conference Call Participants Rob Stevenson - Janney Upal Rana - KeyBanc Capital Markets Operator Good morning, and welcome to the City Office REIT, Inc. Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
08/01 08:30 EST - globenewswire.com
Cellebrite Appoints Renowned Cybersecurity Expert Sigalit Shavit as Chief Information Officer
Appointment of first-ever CIO underscores the Company's commitment to technological innovation to accelerate justice through the Company's Case-to-Closure platform Appointment of first-ever CIO underscores the Company's commitment to technological innovation to accelerate justice through the Company's Case-to-Closure platform
Cellebrite Appoints Renowned Cybersecurity Expert Sigalit Shavit as Chief Information Officer
Appointment of first-ever CIO underscores the Company's commitment to technological innovation to accelerate justice through the Company's Case-to-Closure platform Appointment of first-ever CIO underscores the Company's commitment to technological innovation to accelerate justice through the Company's Case-to-Closure platform
08/01 08:10 EST - zacks.com
City Office REIT (CIO) Misses Q2 FFO and Revenue Estimates
City Office REIT (CIO) came out with quarterly funds from operations (FFO) of $0.28 per share, missing the Zacks Consensus Estimate of $0.30 per share. This compares to FFO of $0.35 per share a year ago.
City Office REIT (CIO) Misses Q2 FFO and Revenue Estimates
City Office REIT (CIO) came out with quarterly funds from operations (FFO) of $0.28 per share, missing the Zacks Consensus Estimate of $0.30 per share. This compares to FFO of $0.35 per share a year ago.
08/01 06:00 EST - prnewswire.com
City Office REIT Reports Second Quarter 2024 Results
VANCOUVER , Aug. 1, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended June 30, 2024. Second Quarter Highlights Rental and other revenues were $42.3 million.
City Office REIT Reports Second Quarter 2024 Results
VANCOUVER , Aug. 1, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended June 30, 2024. Second Quarter Highlights Rental and other revenues were $42.3 million.
07/27 11:40 EST - seekingalpha.com
City Office REIT: I Will Buy More 9.4% Yielding Preferred Shares
City Office REIT's preferred dividend payments are fully covered by FFO and AFFO. The REIT's balance sheet is relatively robust, with a decreasing LTV ratio. The preferred shares offer an attractive 9.4% yield with manageable risk due to robust common equity support.
City Office REIT: I Will Buy More 9.4% Yielding Preferred Shares
City Office REIT's preferred dividend payments are fully covered by FFO and AFFO. The REIT's balance sheet is relatively robust, with a decreasing LTV ratio. The preferred shares offer an attractive 9.4% yield with manageable risk due to robust common equity support.
06/28 16:05 EST - prnewswire.com
City Office REIT Announces Second Quarter 2024 Earnings Release and Conference Call
VANCOUVER , June 28, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter ended June 30, 2024, before the market opens on Thursday, August 1, 2024. City Office's management will hold a conference call at 11:00 am Eastern Time on August 1, 2024 to discuss the Company's financial results.
City Office REIT Announces Second Quarter 2024 Earnings Release and Conference Call
VANCOUVER , June 28, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter ended June 30, 2024, before the market opens on Thursday, August 1, 2024. City Office's management will hold a conference call at 11:00 am Eastern Time on August 1, 2024 to discuss the Company's financial results.
06/14 16:05 EST - prnewswire.com
City Office REIT Announces Dividends for Second Quarter 2024
VANCOUVER , June 14, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the second quarter of 2024. Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4140625 per share of the Company's 6.625% Series A Cumulative Redeemable Preferred Stock.
City Office REIT Announces Dividends for Second Quarter 2024
VANCOUVER , June 14, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the second quarter of 2024. Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4140625 per share of the Company's 6.625% Series A Cumulative Redeemable Preferred Stock.
06/04 04:47 EST - prnewswire.com
Ping An CIO Benjamin Deng: Maintaining a "Double Barbell" Asset Allocation Strategy, Seeing Potential in Investment Opportunities Brought by Energy Transition
HONG KONG and SHANGHAI , June 4, 2024 /PRNewswire/ -- China's macroeconomy and capital market development remains steady this year, and Ping An will maintain a balanced "double barbell" asset allocation to ensure stable returns, said Benjamin Deng, Chief Investment Officer of Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An", the "Company" or the "Group", HKEX: 2318 / 82318; SSE: 601318).
Ping An CIO Benjamin Deng: Maintaining a "Double Barbell" Asset Allocation Strategy, Seeing Potential in Investment Opportunities Brought by Energy Transition
HONG KONG and SHANGHAI , June 4, 2024 /PRNewswire/ -- China's macroeconomy and capital market development remains steady this year, and Ping An will maintain a balanced "double barbell" asset allocation to ensure stable returns, said Benjamin Deng, Chief Investment Officer of Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An", the "Company" or the "Group", HKEX: 2318 / 82318; SSE: 601318).
05/20 13:14 EST - https://www.benzinga.com
'Convergence' Key to Efficient Supply Chain Systems, Gartner Exec Says
"Bob" told his story of working for a fairly well-known retailer but one that was active in only one part of the country. He said his company recently had begun using Manhattan Associates' Point of Sale retail software, a relatively minor part of Manhattan's business compared to its transportation management and warehouse management systems, which are industry juggernauts. But Bob, the CIO at the retailer, had a problem. The retailer had been purchased a few years back by a much bigger company, publicly traded in fact. And as the new owners reviewed the technical capabilities of the purchased business, they saw one particular supply chain issue: The only person at the company who knew the ins and outs of the Point of Sale software was the guy who had written it decades earlier. And that guy was Bob. window.googletag = window.googletag || {cmd: []}; googletag.cmd.push(function() { googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[300, 100], [320, 50], [728, 90], [468, 60]], 'div-gpt-ad-1709668545404-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); So here he was at Momentum, a new Point of Sale customer for Manhattan Associates, but more importantly, part of the supply chain migration away from spreadsheets and other old applications and on to platforms that provide "convergence" — migrating key applications to a single platform to drive efficiency. While Bob in his lunchtime chat at the conference here this week didn't use the word "convergence" the need for a system that could work smoothly with processes at his now larger company clearly met the definition of the term as laid out by Brock Johns. Johns is a director analyst for supply chain technology at In a presentation at Momentum about the state of transportation management, Johns talked about the levels of convergence. Level 1 applications are basic solutions, such as key performance indicators (KPIs). But as a company moves up to Level 5 and the applications become more complex, convergence among the company's operations becomes possible through greater adoption of technology that in turn is increasingly complex itself. The result, Johns said, illustrating the process with an arrow, is that while convergence between warehouse management systems and transportation management systems was possible in the past, it is now spreading to activities such as yard management systems that are converging with TMS and WMS. The last addition to the arrow was supply chain planning. "Some of these things have come to fruition, and that's where we really start to see a lot of the benefits" Johns said, describing convergence as "bringing all these different parts of functional silos together." And it's happening, Johns said, because "we're seeing the technology architectures change." The pace of change is "tremendous" he added. As convergence occurs, it raises the prospect of a more integrated planning approach to a company's supply chain. But not everybody can do that. Companies that can use the convergence of various tools such as WMS and TMS are more "mature" according to Johns. "They're more forward-looking" he said. "They're trying to figure out, how do we get ahead? How do we improve our current state? One of the ways to do that is to better align that execution function." window.googletag = window.googletag || {cmd: []}; googletag.cmd.push(function() { googletag.defineSlot('/21776187881/fw-responsive-main_content-slot4', [[300, 100], [320, 50], [728, 90], [468, 60]], 'div-gpt-ad-1709668086344-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); On a slide Johns presented, the goal of the convergence was spelled out: "Align the function of supply chain planning to supply chain execution." His presentation made it clear that he believes convergence is making that possible. Getting people and systems to speak to each other But the solution is not just technology, Johns said. Part of it comes in culture. "How do we get the folks in other functional areas to come sit at the table?" he said. "How do we talk about shared data, shared information?" A day earlier at Momentum, Bart De Muynck, a longtime independent supply chain consultant, spoke on a panel about supply chain execution and bringing in the disparate parts of a company's supply chain. One of the clients he described sounded like an example of the need to share data and processes that Johns discussed. Without identifying the company, De Muynck said he and the company's executives realized that "to get more productivity out of our digital operations, we needed to get more visibility." The lack of visibility was most stark in the fact that orders for particular products, some of them with strong demand, would come down to the sales team with a lead time of "like a few days." But the company's planners had information about likely demand for the product, and it wasn't shared. "The problem was the supply chain planning systems didn't talk to the TMS system" De Muynck said. The fix wasn't easy. "We ended up building something, but it took us about two years" he said. "I'm not going to mention how many millions of dollars it cost us to build something in between the company's [enterprise resource planning] that connected the supply chain planning systems to the TMS. We finally got something, but imagine if you have these systems that talk to each other. You wouldn't have to go through all these challenges." And that was one of the points of Johns' presentation about convergence: It is happening but not everywhere. How big will AI be? A day after Warren Barkley of Google spoke about the AI capabilities that can be brought to bear on supply chains, Johns brought AI into his presentation on what's brewing in transportation management. He spelled out a few specific applications: using generative AI to create written content, such as drafting KPIs; writing standard operating procedure manuals; using chatbots (which Barkley also discussed); and summarizing meetings and communications. But Johns was notably less boastful than Barkley about the prospects for AI in supply chain management. He noted that AI is not just generative AI. Examples such as KPIs were "primary use cases." But he added, "You've got people in your organization and on your team that think GenAI is going to solve world hunger, and it will not." "These are things that can help us do processes better. They can help us have a better user experience" Johns said. "There will be more use cases in logistics." But for now, Johns said, there may be value in "pumping the brakes." The post ‘Convergence' key to efficient supply chain systems, Gartner exec says appeared first on FreightWaves.
'Convergence' Key to Efficient Supply Chain Systems, Gartner Exec Says
"Bob" told his story of working for a fairly well-known retailer but one that was active in only one part of the country. He said his company recently had begun using Manhattan Associates' Point of Sale retail software, a relatively minor part of Manhattan's business compared to its transportation management and warehouse management systems, which are industry juggernauts. But Bob, the CIO at the retailer, had a problem. The retailer had been purchased a few years back by a much bigger company, publicly traded in fact. And as the new owners reviewed the technical capabilities of the purchased business, they saw one particular supply chain issue: The only person at the company who knew the ins and outs of the Point of Sale software was the guy who had written it decades earlier. And that guy was Bob. window.googletag = window.googletag || {cmd: []}; googletag.cmd.push(function() { googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[300, 100], [320, 50], [728, 90], [468, 60]], 'div-gpt-ad-1709668545404-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); So here he was at Momentum, a new Point of Sale customer for Manhattan Associates, but more importantly, part of the supply chain migration away from spreadsheets and other old applications and on to platforms that provide "convergence" — migrating key applications to a single platform to drive efficiency. While Bob in his lunchtime chat at the conference here this week didn't use the word "convergence" the need for a system that could work smoothly with processes at his now larger company clearly met the definition of the term as laid out by Brock Johns. Johns is a director analyst for supply chain technology at In a presentation at Momentum about the state of transportation management, Johns talked about the levels of convergence. Level 1 applications are basic solutions, such as key performance indicators (KPIs). But as a company moves up to Level 5 and the applications become more complex, convergence among the company's operations becomes possible through greater adoption of technology that in turn is increasingly complex itself. The result, Johns said, illustrating the process with an arrow, is that while convergence between warehouse management systems and transportation management systems was possible in the past, it is now spreading to activities such as yard management systems that are converging with TMS and WMS. The last addition to the arrow was supply chain planning. "Some of these things have come to fruition, and that's where we really start to see a lot of the benefits" Johns said, describing convergence as "bringing all these different parts of functional silos together." And it's happening, Johns said, because "we're seeing the technology architectures change." The pace of change is "tremendous" he added. As convergence occurs, it raises the prospect of a more integrated planning approach to a company's supply chain. But not everybody can do that. Companies that can use the convergence of various tools such as WMS and TMS are more "mature" according to Johns. "They're more forward-looking" he said. "They're trying to figure out, how do we get ahead? How do we improve our current state? One of the ways to do that is to better align that execution function." window.googletag = window.googletag || {cmd: []}; googletag.cmd.push(function() { googletag.defineSlot('/21776187881/fw-responsive-main_content-slot4', [[300, 100], [320, 50], [728, 90], [468, 60]], 'div-gpt-ad-1709668086344-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); On a slide Johns presented, the goal of the convergence was spelled out: "Align the function of supply chain planning to supply chain execution." His presentation made it clear that he believes convergence is making that possible. Getting people and systems to speak to each other But the solution is not just technology, Johns said. Part of it comes in culture. "How do we get the folks in other functional areas to come sit at the table?" he said. "How do we talk about shared data, shared information?" A day earlier at Momentum, Bart De Muynck, a longtime independent supply chain consultant, spoke on a panel about supply chain execution and bringing in the disparate parts of a company's supply chain. One of the clients he described sounded like an example of the need to share data and processes that Johns discussed. Without identifying the company, De Muynck said he and the company's executives realized that "to get more productivity out of our digital operations, we needed to get more visibility." The lack of visibility was most stark in the fact that orders for particular products, some of them with strong demand, would come down to the sales team with a lead time of "like a few days." But the company's planners had information about likely demand for the product, and it wasn't shared. "The problem was the supply chain planning systems didn't talk to the TMS system" De Muynck said. The fix wasn't easy. "We ended up building something, but it took us about two years" he said. "I'm not going to mention how many millions of dollars it cost us to build something in between the company's [enterprise resource planning] that connected the supply chain planning systems to the TMS. We finally got something, but imagine if you have these systems that talk to each other. You wouldn't have to go through all these challenges." And that was one of the points of Johns' presentation about convergence: It is happening but not everywhere. How big will AI be? A day after Warren Barkley of Google spoke about the AI capabilities that can be brought to bear on supply chains, Johns brought AI into his presentation on what's brewing in transportation management. He spelled out a few specific applications: using generative AI to create written content, such as drafting KPIs; writing standard operating procedure manuals; using chatbots (which Barkley also discussed); and summarizing meetings and communications. But Johns was notably less boastful than Barkley about the prospects for AI in supply chain management. He noted that AI is not just generative AI. Examples such as KPIs were "primary use cases." But he added, "You've got people in your organization and on your team that think GenAI is going to solve world hunger, and it will not." "These are things that can help us do processes better. They can help us have a better user experience" Johns said. "There will be more use cases in logistics." But for now, Johns said, there may be value in "pumping the brakes." The post ‘Convergence' key to efficient supply chain systems, Gartner exec says appeared first on FreightWaves.
05/20 11:31 EST - https://markets.businessinsider.com
A top Wall Street bear has turned bullish on stocks, boosting his S&P 500 price target by 20%
A top bear on Wall Street just threw in the towel and turned bullish after a big rally in the stock market. Morgan Stanley's CIO Mike Wilson ditched his bearish call in a note on Sunday, increasing his 12-month S&P 500 price target by 20% to 5,400. Wilson had previously held a 4,500 price target on the S&P 500. The new bullish forecast from Wilson would represent fresh record highs for the benchmark index, marking potential upside of about 2% from current levels. "Our 2024 and 2025 earnings growth forecasts (8% and 13%, respectively) assume healthy, mid-single-digit top-line growth in addition to margin expansion in both years as positive operating leverage resumes," Wilson said. Wilson's base-case S&P 500 price target of 5,400 is derived from a 19x price-to-earnings multiple on 12-month forward earnings per share estimate of $283 by June 2026. Wilson said the stock market could surge an additional 20%, to 6,350 on the S&P 500 in his bull case scenario. That optimistic scenario would be driven by stronger earnings per share growth in the range of 11% to 15%, "driven by continued fiscal support and cyclical/structural drivers out to 2026 alongside multiple expansion to ~21x," Wilson explained. Wilson first turned bearish on US stocks in 2021, correctly warning of a potential 20% decline in the S&P 500. That decline quickly materialized just a few months later in 2022, but since then, the S&P 500 has rallied 52% from its October 2022 low, with Wilson fighting the rally throughout 2023 and the first few months of this year. With Wilson now in the bullish camp on stocks, that leaves JPMorgan's Dubravko Lakos-Bujas and Marko Kolanovic as one of the few bears left on Wall Street. JPMorgan maintains a year-end price target of 4,200 for the S&P 500, representing potential downside of 21% from current levels.
A top Wall Street bear has turned bullish on stocks, boosting his S&P 500 price target by 20%
A top bear on Wall Street just threw in the towel and turned bullish after a big rally in the stock market. Morgan Stanley's CIO Mike Wilson ditched his bearish call in a note on Sunday, increasing his 12-month S&P 500 price target by 20% to 5,400. Wilson had previously held a 4,500 price target on the S&P 500. The new bullish forecast from Wilson would represent fresh record highs for the benchmark index, marking potential upside of about 2% from current levels. "Our 2024 and 2025 earnings growth forecasts (8% and 13%, respectively) assume healthy, mid-single-digit top-line growth in addition to margin expansion in both years as positive operating leverage resumes," Wilson said. Wilson's base-case S&P 500 price target of 5,400 is derived from a 19x price-to-earnings multiple on 12-month forward earnings per share estimate of $283 by June 2026. Wilson said the stock market could surge an additional 20%, to 6,350 on the S&P 500 in his bull case scenario. That optimistic scenario would be driven by stronger earnings per share growth in the range of 11% to 15%, "driven by continued fiscal support and cyclical/structural drivers out to 2026 alongside multiple expansion to ~21x," Wilson explained. Wilson first turned bearish on US stocks in 2021, correctly warning of a potential 20% decline in the S&P 500. That decline quickly materialized just a few months later in 2022, but since then, the S&P 500 has rallied 52% from its October 2022 low, with Wilson fighting the rally throughout 2023 and the first few months of this year. With Wilson now in the bullish camp on stocks, that leaves JPMorgan's Dubravko Lakos-Bujas and Marko Kolanovic as one of the few bears left on Wall Street. JPMorgan maintains a year-end price target of 4,200 for the S&P 500, representing potential downside of 21% from current levels.
05/20 09:00 EST - https://www.accesswire.com
Mosaic Data Science Named Top AI & Machine Learning Company of 2024 by CIO Review
The data science consultancy is honored to have received this recognition for the second consecutive year.LEESBURG, VA / ACCESSWIRE / May 20, 2024 / Mosaic Data Science has been recognized as the Top AI & Machine Learning Company by CIO Review for the second consecutive year. This prestigious accolade underscores Mosaic's commitment to delivering transformative, actionable analytics solutions that empower enterprises to harness the full potential of AI, ML, and mathematical optimization for insightful decision-making.Mosaic's team of data scientists is renowned for its deep domain expertise, positioning the company as a leader in superior, scalable solutions that drive significant digital transformations. Its unique blend of data engineering, statistical analytics, and problem-solving prowess ensures that strategic business visions and digital aspirations are realized. Through a well-established customer engagement model, Mosaic has carved a niche for itself, consistently delivering a competitive advantage in our tech-driven era."We transcend typical AI/ML boundaries by delivering solutions rooted in real-world applications that foster growth, enhance operations, and produce measurable outcomes," highlights Brinton. "Our mission is to simplify data science, making these powerful technologies accessible and effective for both burgeoning startups and established enterprises looking to expand their capabilities."Mosaic champions adopting bespoke AI/ML tools tailored to the nuances of client needs-be it enhancing existing teams or managing entire project lifecycles. Their offerings have evolved to include innovative solutions such as the Neural Search Engine, Mosaic.deploy, and Data-Driven Decision Dynamics."Named the top insight engine of 2024 by CIO Review, our Neural Search engine transcends traditional text-matching limitations," said Mike Shumpert, VP of Data Science. "With our pioneering work in Reader/Retrieval Architectures, Neural Search helps unlock significant business value and empower clients with actionable insights for strategic decision-making."Mosaic's expertise extends beyond implementing AI/ML solutions; it guides organizations throughout the adoption lifecycles. From scoping and executing AI roadmaps to building a sustainable MLOps pipeline, it offers guidance that ensures seamless integration and impactful results."Each project requires custom AI/ML tuning to guarantee ideal outcomes," said Chris Provan, Managing Director of Data Science. "Our methodologies-designed to make data science techniques understandable and actionable-and our expertise in the niche lead to the best outcomes, transforming challenges into growth opportunities."Mosaic's dedication to ethical AI practices is further demonstrated through its partnership with Epstein Becker Green. Mosaic offers explainable AI and bias auditing services to help de-risk clients' AI plans, ensuring that crucial information is ethical and reliable for better decision-making and compliance with industry standards.Over the last decade, Mosaic has achieved over 350 successful AI/ML deployments and participated in countless analytics and optimization projects across dozens of industries, proving that they aren't simply participating in the AI revolution-they are leading it. This recognition as the top AI & ML company of 2024 by CIO Review affirms Mosaic's role as a key innovator in the AI and machine learning space, continually pushing the envelope in analytics development and reinforcing its leadership in continuous innovation. Contact InformationDrew Clancy VP of Marketing and Sales dclancy@mosaicdatascience.com (410) 458-7674 SOURCE: Mosaic Data ScienceView the original press release on newswire.com.
Mosaic Data Science Named Top AI & Machine Learning Company of 2024 by CIO Review
The data science consultancy is honored to have received this recognition for the second consecutive year.LEESBURG, VA / ACCESSWIRE / May 20, 2024 / Mosaic Data Science has been recognized as the Top AI & Machine Learning Company by CIO Review for the second consecutive year. This prestigious accolade underscores Mosaic's commitment to delivering transformative, actionable analytics solutions that empower enterprises to harness the full potential of AI, ML, and mathematical optimization for insightful decision-making.Mosaic's team of data scientists is renowned for its deep domain expertise, positioning the company as a leader in superior, scalable solutions that drive significant digital transformations. Its unique blend of data engineering, statistical analytics, and problem-solving prowess ensures that strategic business visions and digital aspirations are realized. Through a well-established customer engagement model, Mosaic has carved a niche for itself, consistently delivering a competitive advantage in our tech-driven era."We transcend typical AI/ML boundaries by delivering solutions rooted in real-world applications that foster growth, enhance operations, and produce measurable outcomes," highlights Brinton. "Our mission is to simplify data science, making these powerful technologies accessible and effective for both burgeoning startups and established enterprises looking to expand their capabilities."Mosaic champions adopting bespoke AI/ML tools tailored to the nuances of client needs-be it enhancing existing teams or managing entire project lifecycles. Their offerings have evolved to include innovative solutions such as the Neural Search Engine, Mosaic.deploy, and Data-Driven Decision Dynamics."Named the top insight engine of 2024 by CIO Review, our Neural Search engine transcends traditional text-matching limitations," said Mike Shumpert, VP of Data Science. "With our pioneering work in Reader/Retrieval Architectures, Neural Search helps unlock significant business value and empower clients with actionable insights for strategic decision-making."Mosaic's expertise extends beyond implementing AI/ML solutions; it guides organizations throughout the adoption lifecycles. From scoping and executing AI roadmaps to building a sustainable MLOps pipeline, it offers guidance that ensures seamless integration and impactful results."Each project requires custom AI/ML tuning to guarantee ideal outcomes," said Chris Provan, Managing Director of Data Science. "Our methodologies-designed to make data science techniques understandable and actionable-and our expertise in the niche lead to the best outcomes, transforming challenges into growth opportunities."Mosaic's dedication to ethical AI practices is further demonstrated through its partnership with Epstein Becker Green. Mosaic offers explainable AI and bias auditing services to help de-risk clients' AI plans, ensuring that crucial information is ethical and reliable for better decision-making and compliance with industry standards.Over the last decade, Mosaic has achieved over 350 successful AI/ML deployments and participated in countless analytics and optimization projects across dozens of industries, proving that they aren't simply participating in the AI revolution-they are leading it. This recognition as the top AI & ML company of 2024 by CIO Review affirms Mosaic's role as a key innovator in the AI and machine learning space, continually pushing the envelope in analytics development and reinforcing its leadership in continuous innovation. Contact InformationDrew Clancy VP of Marketing and Sales dclancy@mosaicdatascience.com (410) 458-7674 SOURCE: Mosaic Data ScienceView the original press release on newswire.com.
05/20 09:00 EST - https://www.accesswire.com
Definitive Business Solutions Releases AI-Enhanced Version of Definitive Pro for Project Portfolio Management (PPM)
Definitive Pro Elevates Project Portfolio Management (PPM) with Generative AIRESTON, VA / ACCESSWIRE / May 20, 2024 / Definitive Business Solutions, Inc. (Definitive), a leader in innovative project portfolio management solutions, proudly announces the release of the AI-enhanced version of Definitive Pro. This latest iteration of Definitive Pro integrates comprehensive AI features designed to revolutionize how organizations manage their project portfolios, optimizing decision-making and aligning projects seamlessly with strategic objectives.Definitive Logo Definitive Business Solutions, Inc. Logo"In today's dynamic business environment, the ability to make informed, strategic decisions is paramount," said John Sammarco, President of Definitive. "The new AI capabilities in Definitive Pro empower portfolio managers to leverage cutting-edge technology, driving efficiency, precision, and strategic alignment in their project portfolio management."Key AI Features in the New Definitive Pro:AI Assisted Decision Models: This feature enables portfolio managers to rigorously define decision criteria. By "Asking AI," managers can swiftly generate sound and justifiable criteria for robust decision-making models. This integration ensures every decision is underpinned by data-driven insights, effectively and efficiently aligning projects with strategic goals.AI Personas for AHP Pairwise Comparisons: Stakeholder engagement is revolutionized with AI-driven personas such as CTO, CFO, CIO, and CSO. Users can also create custom AI participants. These personas provide expert insights during the Analytic Hierarchy Process (AHP), which is the world's leading technique for establishing the relative importance of decision criteria, enhancing the depth and diversity of perspectives.AI Assisted Business Cases: Creating comprehensive business cases is streamlined with AI assistance. Users can "Ask AI" for help in completing narrative fields. AI-generated suggestions can be incorporated, edited, or appended to existing content, enhancing efficiency, and ensuring high-quality, consistent business case development.AI Business Case Summaries: For busy executives and decision-makers, quickly grasping the essence of a business case is crucial. The AI Business Case Summaries feature provides clear and concise AI-generated summaries, encapsulating key elements and strategic implications. This capability facilitates swift, informed decisions without the need to delve into every detail, thereby enhancing agility and confidence in decision-making.AI Personas for Alternative Evaluation and Scoring: This feature enriches the strategic decision-making process by incorporating AI-based personas into the evaluation and scoring of project alternatives. Users can leverage diverse expert judgments, ensuring a consistent and comprehensive analysis that enhances the quality and reliability of project evaluations.AI-Generated Deliverables: Efficiency in project management is further boosted by automating the creation of critical documents such as project charters, project overview presentations, and statements of work. This capability ensures consistency and precision, reducing the time and effort required from team members, enabling them to focus on strategic decisions and improving overall project delivery.Contact InformationJohn Sammarco President jsammarco@definitiveinc.com (703) 626-0221 Matt Cunningham Business Operations Manager mcunningham@definitiveinc.com (518) 330-5194 Related Videohttps://vimeo.com/928885615 SOURCE: Definitive Business Solutions, Inc.View the original press release on newswire.com.
Definitive Business Solutions Releases AI-Enhanced Version of Definitive Pro for Project Portfolio Management (PPM)
Definitive Pro Elevates Project Portfolio Management (PPM) with Generative AIRESTON, VA / ACCESSWIRE / May 20, 2024 / Definitive Business Solutions, Inc. (Definitive), a leader in innovative project portfolio management solutions, proudly announces the release of the AI-enhanced version of Definitive Pro. This latest iteration of Definitive Pro integrates comprehensive AI features designed to revolutionize how organizations manage their project portfolios, optimizing decision-making and aligning projects seamlessly with strategic objectives.Definitive Logo Definitive Business Solutions, Inc. Logo"In today's dynamic business environment, the ability to make informed, strategic decisions is paramount," said John Sammarco, President of Definitive. "The new AI capabilities in Definitive Pro empower portfolio managers to leverage cutting-edge technology, driving efficiency, precision, and strategic alignment in their project portfolio management."Key AI Features in the New Definitive Pro:AI Assisted Decision Models: This feature enables portfolio managers to rigorously define decision criteria. By "Asking AI," managers can swiftly generate sound and justifiable criteria for robust decision-making models. This integration ensures every decision is underpinned by data-driven insights, effectively and efficiently aligning projects with strategic goals.AI Personas for AHP Pairwise Comparisons: Stakeholder engagement is revolutionized with AI-driven personas such as CTO, CFO, CIO, and CSO. Users can also create custom AI participants. These personas provide expert insights during the Analytic Hierarchy Process (AHP), which is the world's leading technique for establishing the relative importance of decision criteria, enhancing the depth and diversity of perspectives.AI Assisted Business Cases: Creating comprehensive business cases is streamlined with AI assistance. Users can "Ask AI" for help in completing narrative fields. AI-generated suggestions can be incorporated, edited, or appended to existing content, enhancing efficiency, and ensuring high-quality, consistent business case development.AI Business Case Summaries: For busy executives and decision-makers, quickly grasping the essence of a business case is crucial. The AI Business Case Summaries feature provides clear and concise AI-generated summaries, encapsulating key elements and strategic implications. This capability facilitates swift, informed decisions without the need to delve into every detail, thereby enhancing agility and confidence in decision-making.AI Personas for Alternative Evaluation and Scoring: This feature enriches the strategic decision-making process by incorporating AI-based personas into the evaluation and scoring of project alternatives. Users can leverage diverse expert judgments, ensuring a consistent and comprehensive analysis that enhances the quality and reliability of project evaluations.AI-Generated Deliverables: Efficiency in project management is further boosted by automating the creation of critical documents such as project charters, project overview presentations, and statements of work. This capability ensures consistency and precision, reducing the time and effort required from team members, enabling them to focus on strategic decisions and improving overall project delivery.Contact InformationJohn Sammarco President jsammarco@definitiveinc.com (703) 626-0221 Matt Cunningham Business Operations Manager mcunningham@definitiveinc.com (518) 330-5194 Related Videohttps://vimeo.com/928885615 SOURCE: Definitive Business Solutions, Inc.View the original press release on newswire.com.
05/16 16:15 EST - prnewswire.com
Quest Diagnostics Elects Robert B. Carter, CIO of FedEx Corporation, to Board of Directors
SECAUCUS, N.J. , May 16, 2024 /PRNewswire/ -- Quest Diagnostics (NYSE: DGX), a leading provider of diagnostic information services, today announced that its Board of Directors has elected Robert (Rob) B.
Quest Diagnostics Elects Robert B. Carter, CIO of FedEx Corporation, to Board of Directors
SECAUCUS, N.J. , May 16, 2024 /PRNewswire/ -- Quest Diagnostics (NYSE: DGX), a leading provider of diagnostic information services, today announced that its Board of Directors has elected Robert (Rob) B.
05/15 17:35 EST - seekingalpha.com
10 REITs At Mega Discounts To NAV
These REITs have a price-to-NAV range of 0.27x to 0.59x. There may be upside of more than 200% to the NAV estimate, which will probably decline over time. The estimates may be terrible. That's not my fault. You'll probably have a better time reading this, than reading my competitor's articles.
10 REITs At Mega Discounts To NAV
These REITs have a price-to-NAV range of 0.27x to 0.59x. There may be upside of more than 200% to the NAV estimate, which will probably decline over time. The estimates may be terrible. That's not my fault. You'll probably have a better time reading this, than reading my competitor's articles.
05/13 02:30 EST - seekingalpha.com
City Office REIT: The 8.4% Dividend Yield Looks Stable
City Office REIT is paying out an 8.4% dividend yield that's fully secured against its 2024 core FFO guidance. The REIT is trading at a low 4.12x multiple to the midpoint of its guidance. I've been buying the preferreds which have dipped year-to-date and currently offer a 9.2% yield on cost.
City Office REIT: The 8.4% Dividend Yield Looks Stable
City Office REIT is paying out an 8.4% dividend yield that's fully secured against its 2024 core FFO guidance. The REIT is trading at a low 4.12x multiple to the midpoint of its guidance. I've been buying the preferreds which have dipped year-to-date and currently offer a 9.2% yield on cost.
05/03 14:58 EST - seekingalpha.com
City Office REIT, Inc. (CIO) Q1 2024 Earnings Call Transcript
City Office REIT, Inc. (NYSE:CIO ) Q1 2024 Earnings Conference Call May 3, 2024 11:00 AM ET Company Participants James Farrar - Chief Executive Officer & Director Anthony Maretic - Chief Financial Officer, Secretary & Treasurer Conference Call Participants Rob Stevenson - Janney Barry Oxford - Colliers Aditi Balachandran - RBC Capital Markets Upal Rana - KeyBanc Capital Markets Operator Good morning, and welcome to the City Office REIT, Inc. First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
City Office REIT, Inc. (CIO) Q1 2024 Earnings Call Transcript
City Office REIT, Inc. (NYSE:CIO ) Q1 2024 Earnings Conference Call May 3, 2024 11:00 AM ET Company Participants James Farrar - Chief Executive Officer & Director Anthony Maretic - Chief Financial Officer, Secretary & Treasurer Conference Call Participants Rob Stevenson - Janney Barry Oxford - Colliers Aditi Balachandran - RBC Capital Markets Upal Rana - KeyBanc Capital Markets Operator Good morning, and welcome to the City Office REIT, Inc. First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.