Summary

6.30 0.11(1.78%)09/16/2024
City Office REIT Inc (CIO)

Key Facts


1 Day1 Week1 Month3 Months6 Months1 Year5 YearsAll Time
1.789.0015.3828.8350.3634.62-39.191.29


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Trading Data
Close6.30
Open6.20
High6.34
Low6.16
Volume86,771
Change0.11
Change %1.78
Avg Volume (20 Days)99,816
Volume/Avg Volume (20 Days) Ratio0.87
52 Week Range3.46 - 6.71
Price vs 52 Week High-6.11%
Price vs 52 Week Low82.08%
Range1.61
Gap Up/Down0.01
Fundamentals
Market Capitalization (Mln)253
EBIDTA93,857,000
PE Ratio0.0000
PEG Ratio-7.8800
WallStreet Target Price6.00
Book Value16.3250
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 TTM177,632,000
Revenue per share TTM4.4430
Quarterly Revenue Growth (YOY)-0.0320
Quarterly Earnings Growth (YOY)-0.5230
Gross Profit (TTM)112,746,000
Dividends
Dividend Share0.4000
Dividend Yield0.0837
Valuations
Trailing PE0.0000
Forward PE384.6154
Price Sales (TTM)0.0000
Price Book (MRQ)0.2737
Revenue Enterprise Value 5.2046
EBITDA Enterprise Value10.0414
Shares
Shares Outstanding40,154,100
Shares Float35,303,044
Shares Short0
Shares Short (Prior Month)0
Shares Ratio0.00
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.
09/03 14:20 EST - youtube.com
Why Bokeh Capital CIO Kim Forrest favors AMD
Kim Forrest, Bokeh Capital Partners CIO, joins 'The Exchange' to discuss markets, Nvidia, Intel, and other AI players.
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.
08/28 12:25 EST - youtube.com
An Nvidia post-report pullback will 'make me buy with both hands,' says Harvest's Paul Meeks
Paul Meeks, Harvest Portfolio Management CIO, joins 'Money Movers' to discuss how the CIO is considering Nvidia's earnings results, the price levels Meeks would find interest in Nvidia, and more.
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).
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.
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.
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
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.
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.
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.
07/23 18:20 EST - youtube.com
Spot ether ETFs show crypto is a 'major asset class': Bitwise CIO
Spot ether ETFs made their trading debut today, and Bitwise CIO Matt Hougan joins Josh Lipton on Asking for a Trend to break down the levels of demand seen for the ethereum-exposed (ETH-USD) products "We already know because we can see it in the trading volume that there's significant demand for these ETFs. Collectively, they traded more than $1 billion, which is just probably the second-largest ETF debut by trading volume in the history of ETFs.
07/16 20:59 EST - youtube.com
Pickering Energy CIO talks impact of geopolitics on energy market
Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m.
07/09 06:30 EST - youtube.com
BNP Paribas CIO questions how long France's New Popular Front can hold together
Edmund Shing, CIO of BNP Paribas Wealth Management, discusses the French election results and comments on the differing policies of the New Popular Front party.
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.
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.
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).
05/20 22:38 EST - youtube.com
China Stocks, Copper Rally in Focus for StashAway CIO
StashAway CIO Stephanie Leung says Chinese earnings have improved and that equity valuations "are back to a more normalized range." She also discusses why copper could see positive momentum from a recovery in China's economy as well as spending on AI technology.
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.
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.