City Office REIT, Inc. (NYSE:CIO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “City Office REIT, Inc. is a real estate investment trust. It focuses on acquiring, owning, and operating office properties in the United States. The Company invests in properties located in metropolitan areas in the Southern and Western United States. City Office REIT, Inc. is based in Vancouver, Canada. “

A number of other equities analysts have also recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and set a $14.50 price objective on shares of City Office REIT in a research report on Tuesday, November 7th. FBR & Co reaffirmed a “buy” rating on shares of City Office REIT in a research report on Friday, October 6th. ValuEngine raised shares of City Office REIT from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Finally, BidaskClub raised shares of City Office REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $14.50.

City Office REIT (NYSE CIO) traded up $0.09 during trading hours on Wednesday, hitting $12.97. 89,900 shares of the company were exchanged, compared to its average volume of 152,371. The company has a debt-to-equity ratio of 2.80, a current ratio of 3.94 and a quick ratio of 3.94. The stock has a market cap of $389.78, a PE ratio of 14.47, a P/E/G ratio of 1.50 and a beta of 0.22. City Office REIT has a 1 year low of $11.43 and a 1 year high of $13.93.

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In other City Office REIT news, CEO James Thomas Farrar bought 6,000 shares of City Office REIT stock in a transaction on Tuesday, August 29th. The shares were bought at an average cost of $12.52 per share, for a total transaction of $75,120.00. Following the acquisition, the chief executive officer now directly owns 184,789 shares in the company, valued at $2,313,558.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in CIO. Ladenburg Thalmann Financial Services Inc. lifted its holdings in City Office REIT by 887.7% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,655 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 6,880 shares in the last quarter. Bank of America Corp DE lifted its holdings in City Office REIT by 189.0% during the 1st quarter. Bank of America Corp DE now owns 8,557 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 5,596 shares in the last quarter. Strs Ohio lifted its holdings in City Office REIT by 10.3% during the 2nd quarter. Strs Ohio now owns 8,600 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 800 shares in the last quarter. SG Americas Securities LLC acquired a new stake in City Office REIT during the 3rd quarter worth approximately $121,000. Finally, Schnieders Capital Management LLC acquired a new stake in City Office REIT during the 2nd quarter worth approximately $133,000. Institutional investors own 54.75% of the company’s stock.

About City Office REIT

City Office REIT, Inc is a real estate investment trust. The Company is focused on acquiring, owning and operating office properties located primarily in metropolitan areas in the Southern and Western United States. It conducts its operations primarily through City Office REIT Operating Partnership, L.P.

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