Share on StockTwits

City Office REIT (NYSE:CIO) CEO James Thomas Farrar purchased 8,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, May 29th. The shares were purchased at an average price of $12.31 per share, with a total value of $98,480.00. Following the completion of the acquisition, the chief executive officer now directly owns 74,094 shares of the company’s stock, valued at approximately $912,097. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

City Office REIT (NYSE:CIO) traded up 0.49% during mid-day trading on Friday, hitting $12.42. 89,741 shares of the company’s stock traded hands. City Office REIT has a 52 week low of $12.22 and a 52 week high of $12.60. The stock has a 50-day moving average of $12.46 and a 200-day moving average of $12.46. The company’s market cap is $99.5 million.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 17th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.183 per share. This represents a $0.73 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date of this dividend is Tuesday, July 1st.

Several analysts have recently commented on the stock. Analysts at Wunderlich initiated coverage on shares of City Office REIT in a research note on Friday, May 16th. They set a “buy” rating and a $16.00 price target on the stock. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of City Office REIT in a research note on Tuesday, May 13th. They set a “buy” rating and a $15.00 price target on the stock. Finally, analysts at Oppenheimer initiated coverage on shares of City Office REIT in a research note on Monday, May 12th. They set an “outperform” rating and a $15.00 price target on the stock.

City Office REIT, Inc is formed to acquire, own and operate office properties located within its specified target markets in the United States.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.