City Office REIT Inc (CIO) is Resumed by Compass Point to Buy, Price Target at $12.50

City Office REIT Inc (CIO) was Resumed by Compass Point to “Buy” and the brokerage firm has set the Price Target at $12.50. Compass Point advised their investors in a research report released on Apr 21, 2016.

Many Wall Street Analysts have commented on City Office REIT Inc. Shares were Reiterated by Compass Point on Mar 4, 2016 to “Buy” and Lowered the Price Target to $ 13.50 from a previous price target of $15.50 .

On the company’s financial health, City Office REIT Inc reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Mar 3, 2016. Analyst had a consensus of $0.36. The company had revenue of $17.50 million for the quarter, compared to analysts expectations of $16.81 million. The company’s revenue was up 66.7% compared to the same quarter last year.

City Office REIT Inc closed down -0.01 points or -0.09% at $11.18 with 90,238 shares getting traded on Monday. Post opening the session at $11.2, the shares hit an intraday low of $11.14 and an intraday high of $11.23 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 9, 2016, William R Flatt (director) purchased 1,500 shares at $12.16 per share price. According to the SEC, 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, according to the Form-4 filing with the securities and exchange commission.

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.

City Office REIT Inc

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