NYSE:CIO

City Office REIT Stock Forecast, Price & News

$11.07
-0.02 (-0.18 %)
(As of 04/16/2021 04:00 PM ET)
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Today's Range
$10.97
Now: $11.07
$11.25
50-Day Range
$10.16
MA: $10.78
$11.40
52-Week Range
$6.12
Now: $11.07
$11.53
Volume153,376 shs
Average Volume264,810 shs
Market Capitalization$480.40 million
P/E RatioN/A
Dividend Yield5.49%
Beta1.51
City Office REIT, Inc. (NYSE: CIO) invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the Southern and Western United States. At September 30, 2020, CIO owned office complexes comprising 5.8 million square feet of net rentable area (ÂNRAÂ).
City Office REIT logo

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone604-806-3366
Employees20
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$156.30 million
Cash Flow$1.27 per share
Book Value$8.01 per share

Profitability

Net Income$1.80 million

Miscellaneous

Market Cap$480.40 million
Next Earnings Date5/6/2021 (Estimated)
OptionableOptionable

Headlines

City Office REIT (CIO) Q4 FFO Meet Estimates
February 25, 2021 |  nasdaq.com
City Office REIT, Inc. to Host Earnings Call
February 25, 2021 |  finance.yahoo.com
Medical Properties (MPW) Taps Equity Market to Fund Buyout
January 11, 2021 |  finance.yahoo.com
Analyzing City Office REIT's Ex-Dividend Date
January 7, 2021 |  finance.yahoo.com
Where Do Hedge Funds Stand On City Office REIT Inc (CIO)?
December 15, 2020 |  finance.yahoo.com
City Office REIT Announces Dividends for Fourth Quarter 2020
December 15, 2020 |  finance.yahoo.com
City Office REIT Announces Lease Transaction
December 14, 2020 |  finance.yahoo.com
Chatham (CLDT) Sells Residence Inn, Enhances Liquidity
December 2, 2020 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

2.03 out of 5 stars

Finance Sector

169th out of 1,953 stocks

Real Estate Investment Trusts Industry

26th out of 274 stocks

Analyst Opinion: 1.5Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
$11.07
-0.02 (-0.18 %)
(As of 04/16/2021 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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City Office REIT (NYSE:CIO) Frequently Asked Questions

Is City Office REIT a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for City Office REIT in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" City Office REIT stock.
View analyst ratings for City Office REIT
or view top-rated stocks.

What stocks does MarketBeat like better than City Office REIT?

Wall Street analysts have given City Office REIT a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but City Office REIT wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting City Office REIT?

City Office REIT saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 403,800 shares, a decrease of 28.4% from the March 15th total of 564,000 shares. Based on an average daily trading volume, of 271,300 shares, the days-to-cover ratio is presently 1.5 days.
View City Office REIT's Short Interest
.

When is City Office REIT's next earnings date?

City Office REIT is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
View our earnings forecast for City Office REIT
.

How were City Office REIT's earnings last quarter?

City Office REIT, Inc. (NYSE:CIO) released its quarterly earnings results on Wednesday, February, 24th. The real estate investment trust reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.31 by $0.34. City Office REIT had a trailing twelve-month return on equity of 1.87% and a net margin of 4.37%.
View City Office REIT's earnings history
.

How has City Office REIT's stock price been impacted by COVID-19 (Coronavirus)?

City Office REIT's stock was trading at $9.64 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CIO stock has increased by 14.8% and is now trading at $11.07.
View which stocks have been most impacted by COVID-19
.

How often does City Office REIT pay dividends? What is the dividend yield for City Office REIT?

City Office REIT announced a quarterly dividend on Tuesday, March 23rd. Investors of record on Friday, April 9th will be given a dividend of $0.15 per share on Friday, April 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date is Thursday, April 8th.
View City Office REIT's dividend history
.

Is City Office REIT a good dividend stock?

City Office REIT pays an annual dividend of $0.60 per share and currently has a dividend yield of 5.49%. CIO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. City Office REIT does not yet have a strock track record of dividend growth. The dividend payout ratio of City Office REIT is 51.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, City Office REIT will have a dividend payout ratio of 47.24% next year. This indicates that City Office REIT will be able to sustain or increase its dividend.
View City Office REIT's dividend history.

What guidance has City Office REIT issued on next quarter's earnings?

City Office REIT issued an update on its FY 2021 Pre-Market earnings guidance on Thursday, February, 25th. The company provided earnings per share guidance of 1.20-1.24 for the period.

What price target have analysts set for CIO?

2 brokers have issued 12-month target prices for City Office REIT's stock. Their forecasts range from $11.00 to $13.00. On average, they anticipate City Office REIT's share price to reach $12.00 in the next year. This suggests a possible upside of 8.4% from the stock's current price.
View analysts' price targets for City Office REIT
or view top-rated stocks among Wall Street analysts.

Who are City Office REIT's key executives?

City Office REIT's management team includes the following people:
  • Mr. James Thomas Farrar CFA, CEO & Director (Age 45, Pay $1.1M)
  • Mr. Gregory Tylee, COO & Pres (Age 49, Pay $1.1M)
  • Mr. Anthony Maretic C.A., CFO, Sec. & Treasurer (Age 49, Pay $804.26k)

Who are some of City Office REIT's key competitors?

What other stocks do shareholders of City Office REIT own?

What is City Office REIT's stock symbol?

City Office REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIO."

Who are City Office REIT's major shareholders?

City Office REIT's stock is owned by many different retail and institutional investors. Top institutional shareholders include Spirit of America Management Corp NY (0.16%), Dalton Greiner Hartman Maher & Co. (0.05%) and State of Alaska Department of Revenue (0.04%). Company insiders that own City Office REIT stock include Anthony Maretic, Gregory Tylee, James Thomas Farrar, John Sweet and Stephen B Shraiberg.
View institutional ownership trends for City Office REIT
.

Which major investors are selling City Office REIT stock?

CIO stock was sold by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., and Spirit of America Management Corp NY.
View insider buying and selling activity for City Office REIT
or view top insider-selling stocks.

Which major investors are buying City Office REIT stock?

CIO stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. Company insiders that have bought City Office REIT stock in the last two years include Anthony Maretic, Gregory Tylee, James Thomas Farrar, John Sweet, and Stephen B Shraiberg.
View insider buying and selling activity for City Office REIT
or or view top insider-buying stocks.

How do I buy shares of City Office REIT?

Shares of CIO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is City Office REIT's stock price today?

One share of CIO stock can currently be purchased for approximately $11.07.

How much money does City Office REIT make?

City Office REIT has a market capitalization of $480.40 million and generates $156.30 million in revenue each year. The real estate investment trust earns $1.80 million in net income (profit) each year or $1.17 on an earnings per share basis.

How many employees does City Office REIT have?

City Office REIT employs 20 workers across the globe.

What is City Office REIT's official website?

The official website for City Office REIT is www.cityofficereit.com.

Where are City Office REIT's headquarters?

City Office REIT is headquartered at 666 BURRARD STREET SUITE 3210, VANCOUVER A1, V6C 2X8.

How can I contact City Office REIT?

City Office REIT's mailing address is 666 BURRARD STREET SUITE 3210, VANCOUVER A1, V6C 2X8. The real estate investment trust can be reached via phone at 604-806-3366 or via email at [email protected]


This page was last updated on 4/18/2021 by MarketBeat.com Staff
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