S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
Olympic track uniforms spark online debate about who designed them and why they're so skimpy
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
Olympic track uniforms spark online debate about who designed them and why they're so skimpy
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
Olympic track uniforms spark online debate about who designed them and why they're so skimpy
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
Olympic track uniforms spark online debate about who designed them and why they're so skimpy
NYSE:CIO

City Office REIT (CIO) Stock Price, News & Analysis

$4.50
-0.16 (-3.43%)
(As of 04/12/2024 ET)
Today's Range
$4.43
$4.66
50-Day Range
$4.09
$5.21
52-Week Range
$3.45
$6.70
Volume
136,072 shs
Average Volume
306,387 shs
Market Capitalization
$180.68 million
P/E Ratio
N/A
Dividend Yield
8.89%
Price Target
$7.00

City Office REIT MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
55.6% Upside
$7.00 Price Target
Short Interest
Healthy
1.00% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.53
Upright™ Environmental Score
News Sentiment
0.80mentions of City Office REIT in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$164,580 Bought Last Quarter
Proj. Earnings Growth
1.83%
From $1.09 to $1.11 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.88 out of 5 stars

Finance Sector

56th out of 876 stocks

Real Estate Investment Trusts Industry

3rd out of 184 stocks

CIO stock logo

About City Office REIT Stock (NYSE:CIO)

City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating high-quality office properties located predominantly in Sun Belt markets. City Office currently owns or has a controlling interest in 5.7 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.

CIO Stock Price History

CIO Stock News Headlines

City Office REIT (NYSE:CIO) Upgraded to Hold at StockNews.com
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RBC Capital Reaffirms Their Hold Rating on City Office REIT (CIO)
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Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
CIO Apr 2024 5.000 call
City Office REIT Q4 2023 Earnings Preview
CIO.PR.A City Office REIT, Inc. RED PFD SER A
City Office REIT, Inc. (CIO)
City Office REIT Inc
City Office REIT Inc's Dividend Analysis
See More Headlines
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Company Calendar

Ex-Dividend for 1/24 Dividend
1/09/2024
Dividend Payable
1/24/2024
Last Earnings
2/22/2024
Ex-Dividend for 4/24 Dividend
4/09/2024
Today
4/14/2024
Dividend Payable
4/24/2024
Next Earnings (Confirmed)
5/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Fax
N/A
Employees
20
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.00
High Stock Price Target
$7.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+55.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$-2,680,000.00
Pretax Margin
-1.14%

Debt

Sales & Book Value

Annual Sales
$179.10 million
Cash Flow
$1.57 per share
Book Value
$16.54 per share

Miscellaneous

Free Float
38,588,000
Market Cap
$180.68 million
Optionable
Optionable
Beta
1.84
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CIO Stock Analysis - Frequently Asked Questions

Should I buy or sell City Office REIT stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for City Office REIT in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CIO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CIO, but not buy additional shares or sell existing shares.
View CIO analyst ratings
or view top-rated stocks.

What is City Office REIT's stock price target for 2024?

1 Wall Street research analysts have issued twelve-month price targets for City Office REIT's shares. Their CIO share price targets range from $7.00 to $7.00. On average, they anticipate the company's stock price to reach $7.00 in the next year. This suggests a possible upside of 55.6% from the stock's current price.
View analysts price targets for CIO
or view top-rated stocks among Wall Street analysts.

How have CIO shares performed in 2024?

City Office REIT's stock was trading at $6.11 on January 1st, 2024. Since then, CIO stock has decreased by 26.4% and is now trading at $4.50.
View the best growth stocks for 2024 here
.

Are investors shorting City Office REIT?

City Office REIT saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 384,200 shares, a decrease of 11.5% from the March 15th total of 434,200 shares. Based on an average daily volume of 280,600 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.0% of the shares of the company are sold short.
View City Office REIT's Short Interest
.

When is City Office REIT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our CIO earnings forecast
.

How can I listen to City Office REIT's earnings call?

City Office REIT will be holding an earnings conference call on Friday, May 3rd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 929-458-6194 with passcode "497483".

How were City Office REIT's earnings last quarter?

City Office REIT, Inc. (NYSE:CIO) announced its quarterly earnings data on Thursday, February, 22nd. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by $0.42. The real estate investment trust had revenue of $44.32 million for the quarter, compared to analyst estimates of $44.47 million. City Office REIT had a negative trailing twelve-month return on equity of 0.40% and a negative net margin of 1.50%. During the same quarter last year, the company posted $0.38 EPS.

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

City Office REIT declared a quarterly dividend on Friday, March 15th. Investors of record on Wednesday, April 10th will be given a dividend of $0.10 per share on Wednesday, April 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.89%. The ex-dividend date is Tuesday, April 9th.
Read our dividend analysis for CIO
.

Is City Office REIT a good dividend stock?

City Office REIT (NYSE:CIO) pays an annual dividend of $0.40 per share and currently has a dividend yield of 8.89%. CIO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for CIO.

What ETF holds City Office REIT's stock?

Hoya Capital High Dividend Yield ETF holds 92,820 shares of CIO stock, representing 1.21% of its portfolio.

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

City Office REIT issued an update on its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of 1.180-1.220 for the period, compared to the consensus EPS estimate of 1.320. The company issued revenue guidance of -.

What other stocks do shareholders of City Office REIT own?
How do I buy shares of City Office REIT?

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

This page (NYSE:CIO) was last updated on 4/14/2024 by MarketBeat.com Staff

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