Insider Buying: Stephen B. Shraiberg Acquires 5,000 Shares of City Office REIT Stock (CIO)
City Office REIT (NYSE:CIO) Director Stephen B. Shraiberg bought 5,000 shares of the stock on the open market in a transaction dated Tuesday, August 19th. The stock was purchased at an average cost of $12.57 per share, for a total transaction of $62,850.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $62,850. The transaction was disclosed in a filing with the SEC, which is available at this link.
Separately, 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.
City Office REIT (NYSE:CIO) traded up 1.03% during mid-day trading on Wednesday, hitting $12.78. The stock had a trading volume of 19,440 shares. City Office REIT has a one year low of $11.91 and a one year high of $13.12. The stock’s 50-day moving average is $12.64 and its 200-day moving average is $12.56.
City Office REIT (NYSE:CIO) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.03. On average, analysts predict that City Office REIT will post $-0.22 earnings per share for the current fiscal year.
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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