City Office REIT Director John R. Mclernon Purchases 6,000 Shares (CIO)
City Office REIT (NYSE:CIO) Director John R. Mclernon acquired 6,000 shares of the company’s stock in a transaction dated Friday, May 30th. The shares were purchased at an average price of $12.36 per share, for a total transaction of $74,160.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of City Office REIT (NYSE:CIO) traded up 0.16% during mid-day trading on Monday, hitting $12.44. The stock had a trading volume of 15,700 shares. City Office REIT has a 1-year low of $12.22 and a 1-year high of $12.60. The stock’s 50-day moving average is $12.46 and its 200-day moving average is $12.46. The company’s market cap is $99.7 million.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 17th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.183 per share. This represents a $0.73 annualized dividend and a dividend yield of 5.88%. The ex-dividend date is Tuesday, July 1st.
A number of research firms have recently commented on CIO. 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.
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