City Office REIT Receives a Buy from D.A. DavidsonBy Carrie Williams
According to TipRanks.com, Oxford is a 2-star analyst with an average return of 0.2% and a 46.2% success rate. Oxford covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, National Retail Properties, and Chambers Street Properties.
City Office REIT has an analyst consensus of Moderate Buy, with a price target consensus of $15.50.
Based on City Office REIT’s latest earnings report from June 30, the company posted quarterly revenue of $16.09M and quarterly net profit of $11.53M. In comparison, last year the company earned revenue of $14.62M and had a net profit of -$2.5M.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CIO in relation to earlier this year. Most recently, in May 2016, John McLernon, a Director at CIO bought 1,500 shares for a total of $17,340.
City Office REIT, Inc. is a real estate investment trust, which intends to acquire, own and operate office properties primarily within the Southern and Western United States. It operates in one industry segment through commercial real estate. The company was founded on November 26, 2013 and is headquartered in Vancouver, Canada.