City Office REIT, Inc. is a real estate investment trust. The company has market cap of $374.30 million. The Firm is focused on acquiring, owning and operating office properties located primarily in metropolitan areas in the Southern and Western United States. It currently has negative earnings. It conducts its activities primarily through City Office REIT Operating Partnership, L.P. .
Strategic Advisors Llc increased Hsbc Hldgs Plc (HSBC) stake by 23.7% reported in 2016Q4 SEC filing. Strategic Advisors Llc acquired 12,800 shares as Hsbc Hldgs Plc (HSBC)’s stock rose 6.80%. The Strategic Advisors Llc holds 66,800 shares with $2.54M value, up from 54,000 last quarter. Hsbc Hldgs Plc now has $159.21 billion valuation. The stock rose 0.73% or $0.29 reaching $40.02 per share. About 1.37M shares traded. HSBC Holdings plc (ADR) (NYSE:HSBC) has risen 7.49% since September 13, 2016 and is uptrending. It has underperformed by 2.43% the S&P500.
About 117,100 shares traded. City Office REIT Inc (NYSE:CIO) has risen 0.65% since September 13, 2016 and is uptrending. It has underperformed by 9.28% the S&P500.
Orinda Asset Management Llc holds 4.91% of its portfolio in City Office REIT Inc for 416,382 shares. Ardsley Advisory Partners owns 748,000 shares or 1.63% of their US portfolio. Moreover, Wall Street Associates has 0.94% invested in the company for 107,812 shares. The Illinois-based Perritt Capital Management Inc has invested 0.73% in the stock. Bard Associates Inc, a Illinois-based fund reported 106,410 shares.
Analysts await City Office REIT Inc (NYSE:CIO) to report earnings on May, 4. They expect $0.22 EPS, down 31.25% or $0.10 from last year’s $0.32 per share. CIO’s profit will be $6.62M for 14.13 P/E if the $0.22 EPS becomes a reality. After $0.23 actual EPS reported by City Office REIT Inc for the previous quarter, Wall Street now forecasts -4.35% negative EPS growth.
Ratings analysis reveals 80% of City Office REIT’s analysts are positive. Out of 5 Wall Street analysts rating City Office REIT, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $13 while the high is $15. The stock’s average target of $14.88 is 19.71% above today’s ($12.43) share price. CIO was included in 8 notes of analysts from August 19, 2015. The stock of City Office REIT Inc (NYSE:CIO) earned “Buy” rating by Compass Point on Thursday, May 12. Compass Point maintained the shares of CIO in report on Friday, August 5 with “Buy” rating. The firm has “Buy” rating by Wunderlich given on Friday, August 5. On Monday, August 24 the stock rating was upgraded by Zacks to “Sell”. On Monday, July 18 the stock rating was maintained by Deutsche Bank with “Buy”. Deutsche Bank initiated the shares of CIO in report on Tuesday, May 31 with “Buy” rating. The firm has “Outperform” rating given on Wednesday, August 19 by Oppenheimer.
