City Office REIT CEO Acquires $128,000 in Stock (CIO)
City Office REIT (NYSE:CIO) CEO James Thomas Farrar acquired 10,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 27th. The shares were purchased at an average price of $12.80 per share, for a total transaction of $128,000.00. Following the acquisition, the chief executive officer now directly owns 84,094 shares in the company, valued at approximately $1,076,403. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of City Office REIT (NYSE:CIO) traded down 0.31% during mid-day trading on Thursday, hitting $13.05. 6,851 shares of the company’s stock traded hands. City Office REIT has a 52 week low of $11.91 and a 52 week high of $13.12. The stock has a 50-day moving average of $12.66 and a 200-day moving average of $12.57.
City Office REIT (NYSE:CIO) last released its 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. Analysts expect that City Office REIT will post $-0.22 EPS for the current fiscal year.
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, Inc, is formed to acquire, own and operate office properties located within its specified target markets in the United States.
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