City Office REIT Director Mark Wilhelm Murski Acquires 4,000 Shares (CIO)
City Office REIT (NYSE:CIO) Director Mark Wilhelm Murski purchased 4,000 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were purchased at an average cost of $12.52 per share, with a total value of $50,080.00. Following the acquisition, the director now directly owns 4,000 shares in the company, valued at approximately $50,080. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on CIO shares. Analysts at Compass Point initiated coverage on shares of City Office REIT in a research note on Friday, June 6th. They set a “buy” rating and a $15.50 price target on the stock. Separately, 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. Finally, 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.
Shares of City Office REIT (NYSE:CIO) remained flat at $12.50 during during mid-day trading trading on Wednesday. 14,652 shares of the company’s stock traded hands. City Office REIT has a one year low of $12.22 and a one year high of $12.64. The stock has a 50-day moving average of $12.47 and a 200-day moving average of $12.47.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 17th. Shareholders 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 5.86%. The ex-dividend date is Tuesday, July 1st.
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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