There Is A Quest For Clarity Surrounding City Office REIT Inc. (NYSE: CIO) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for City Office REIT Inc. (CIO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$0.64, or +4.98%, to $13.5. Volume reached 2,730 shares, with price reaching a high of $12.86 and a low of $12.86. The stock was recently discussed on Yahoo Finance as it revealed that City Office REIT Reports Second Quarter 2022 Results.

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Stocks Info

This NYSE-listed company operates within the REIT – Office industry segment, falling under the Real Estate sector. At the end of the last regular session, the stock closed at $12.86 and fluctuated between $13.99 as its day high and $12.53 as its day low. The current market capitalization of City Office REIT Inc. is $536.65M. A total of 0.51 million shares were traded on the day, compared to an average of 332.68K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, CIO has seen 8 BUY and 3 SELL insider trades, representing the acquisition of 154,037 and the disposition of 3,126 shares. Over the last 12 months, there were 9 BUYs and 3 SELLs from insiders. Insiders purchased 155,597 shares during that period but sold 3,126.

In the most recent transaction, Farrar James Thomas sold 3,000 shares of CIO for 25.50 per share on Aug 26. After the transaction, the Chief Executive Officer now owns 0 company shares. In a previous transaction on Aug 25, Flatt William R bought 1,560 shares at 15.89 per share. CIO shares that Director owns now total 25,720.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. City Office REIT Inc. pays an annual dividend of $0.80, resulting in a dividend yield of 6.22%, and it has a price to earnings (P/E) ratio of 1.26. CIO’s most recent ex-dividend date was 07/07/2022 when it declared a $0.20 quarterly dividend that was paid in cash on 07/22/2022. Previously, the company paid the dividend on 04/22/2022 with an ex-dividend date of 04/07/2022. The dividend was $0.20 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CIO in the last 3 months, the mean price target is $16.33 with high estimates of $20.00 and low estimates of $14.00. In terms of 52-week highs and lows, CIO has a high of $21.70 and a low of $11.05.

As of this writing, CIO has an earnings estimate of $0.37 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.39 per share and a lower estimate of $0.36. The company reported an EPS of $0.4 in the last quarter, which was 11.11% higher than expectations of $0.36.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CIO is Overweight with a score of 3.83. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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