City Office Reit, Inc. (CIO) Files Form 4 Insider Buying : John R. Mclernon Buys 1,500 Shares

City Office Reit, Inc. (CIO): John R. Mclernon , director of City Office Reit, Inc. purchased 1,500 shares on May 13, 2016. The Insider buying transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were purchased at $11.56 per share for a total value of $17,340.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 11, 2016, Samuel Belzberg (director 10% owner) purchased 1,500 shares at $12.00 per share price.On Mar 9, 2016, William R Flatt (director) purchased 1,500 shares at $12.16 per share price.Also, On Mar 9, 2016, Stephen B Shraiberg (director) purchased 5,000 shares at $12.01 per share price.On Nov 12, 2015, James Thomas Farrar (CEO) purchased 8,650 shares at $11.18 per share price.

City Office REIT Inc: On Friday, May 13, 2016 heightened volatility was witnessed in City Office REIT Inc which led to swings in the share price. The shares opened for trading at $11.55 and hit $11.59 on the upside , eventually ending the session at $11.59, with a gain of 0.17% or 0.02 points. The heightened volatility saw the trading volume jump to 1,13,216 shares. The 52-week high of the share price is $13.13 and the company has a market cap of $246 M . The 52-week low of the share price is at $10.09.

City Office REIT Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.City Office REIT Inc is Reiterated by Compass Point to Buy and the brokerage firm has raised the Price Target to $ 13 from a previous price target of $12.50 .The Rating was issued on May 12, 2016.City Office REIT Inc is Reiterated by Wunderlich to Buy while Lowering the Price Target of the company shares to $ 14 from a previous price target of $15.50 . The Rating was issued on May 9, 2016.City Office REIT Inc is Resumed by Compass Point to Buy and the brokerage firm has set the Price Target at $12.50. The Rating was issued on Apr 21, 2016.City Office REIT Inc is Reiterated by Compass Point to Buy while Lowering the Price Target of the company shares to $ 13.50 from a previous price target of $15.50 . The Rating was issued on Mar 4, 2016.

City Office REIT Inc. is focused on acquiring owning and operating Class A and B office properties located within its target markets in the United States. The Company has 12 primary target markets which are located in metropolitan areas in the Southern and Western United States. As of December 31 2014 then Company owned nine office complexes which include 21 office buildings in the metropolitan areas of Boise (ID) Dallas (TX) Denver (CO) Portland (OR) Tampa (FL) Allentown (PA) and Orlando (FL). Eight of the nine properties of the Company owned as of December 31 2014 are managed by local third-party real estate operators six of which have invested equity with management and three of which continue to hold a minority equity interest in the property.

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