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Nigeria's central bank chief arrested after being suspended by president
Closing prices for crude oil, gold and other commodities
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
How major US stock indexes fared Friday 6/9/2023
FuelCell Is Back To Realistic Valuation
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
New Mexico reaches $500M settlement with Walgreens in opioid case
With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
[Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
Nigeria's central bank chief arrested after being suspended by president
Closing prices for crude oil, gold and other commodities
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
How major US stock indexes fared Friday 6/9/2023
FuelCell Is Back To Realistic Valuation
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
New Mexico reaches $500M settlement with Walgreens in opioid case
With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
[Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
Nigeria's central bank chief arrested after being suspended by president
Closing prices for crude oil, gold and other commodities
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
How major US stock indexes fared Friday 6/9/2023
FuelCell Is Back To Realistic Valuation
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
New Mexico reaches $500M settlement with Walgreens in opioid case
With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
[Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
Nigeria's central bank chief arrested after being suspended by president
Closing prices for crude oil, gold and other commodities
NYSE:CIO

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

$5.39
-0.02 (-0.37%)
(As of 06/9/2023 ET)
Compare
Today's Range
$5.31
$5.44
50-Day Range
$4.26
$6.99
52-Week Range
$4.03
$14.24
Volume
335,807 shs
Average Volume
832,509 shs
Market Capitalization
$215.28 million
P/E Ratio
N/A
Dividend Yield
14.84%
Price Target
$10.33

City Office REIT MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
91.7% Upside
$10.33 Price Target
Short Interest
Healthy
2.02% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.14
Upright™ Environmental Score
News Sentiment
0.26mentions of City Office REIT in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.76%
From $1.31 to $1.32 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.46 out of 5 stars

Finance Sector

364th out of 845 stocks

Real Estate Investment Trusts Industry

58th out of 187 stocks


CIO stock logo

About City Office REIT (NYSE:CIO) Stock

City Office REIT, Inc. is a real estate investment trust. It focuses on acquiring, owning and operating office properties located primarily in metropolitan areas in the Southern and Western United States. The company was founded on November 26, 2013 and is headquartered in Vancouver, Canada.

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CIO Stock News Headlines

3 Low-Priced REITs Making Big Moves
From -60% Account to Doubling His Money?
After helping his readers double their money 13 TIMES in the last year alone… There’s ONE person trader Jeff Clark has NOT been able to help! His 23-year-old son, Grant.
StockNews.com Upgrades City Office REIT (NYSE:CIO) to Hold
City Office REIT (CIO) Receives a Hold from RBC Capital
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
City Office REIT, Inc. (NYSE:CIO) Short Interest Update
8-K: City Office REIT, Inc.
Colliers Securities Remains a Hold on City Office REIT (CIO)
City Office REIT Lowers Dividend by Half
City Office REIT earnings: here's what to expect
City Office REIT (NYSE:CIO) Upgraded at StockNews.com
See More Headlines

CIO Price History

CIO Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 4/25 Dividend
4/10/2023
Dividend Payable
4/25/2023
Today
6/10/2023
Ex-Dividend for 7/21 Dividend
7/06/2023
Dividend Payable
7/21/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
19
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$10.33
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+91.7%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$16.99 million
Pretax Margin
-3.38%

Debt

Sales & Book Value

Annual Sales
$180.49 million
Cash Flow
$2.03 per share
Book Value
$17.40 per share

Miscellaneous

Free Float
38,580,000
Market Cap
$215.28 million
Optionable
Optionable
Beta
1.62

Key Executives

  • James Thomas Farrar
    Chief Executive Officer & Director
  • Greg Tylee
    President & Chief Operating Officer
  • Anthony Maretic
    Chief Financial Officer, Secretary & Treasurer
  • Cori Hansen
    Director-Governance & Corporate Affairs
  • Stephanie Chung
    Senior Vice President-Finance













CIO Stock - Frequently Asked Questions

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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for City Office REIT in the last twelve months. There are currently 2 hold ratings and 1 buy 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 forecast for 2023?

3 Wall Street analysts have issued 1-year target prices for City Office REIT's shares. Their CIO share price forecasts range from $7.00 to $12.00. On average, they anticipate the company's share price to reach $10.33 in the next year. This suggests a possible upside of 91.7% 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 2023?

City Office REIT's stock was trading at $8.38 at the beginning of 2023. Since then, CIO stock has decreased by 35.7% and is now trading at $5.39.
View the best growth stocks for 2023 here
.

Are investors shorting City Office REIT?

City Office REIT saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 776,700 shares, an increase of 16.0% from the April 30th total of 669,800 shares. Based on an average daily trading volume, of 492,700 shares, the short-interest ratio is currently 1.6 days. Approximately 2.0% of the company's shares are short sold.
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 Thursday, August 3rd 2023.
View our CIO earnings forecast
.

How were City Office REIT's earnings last quarter?

City Office REIT, Inc. (NYSE:CIO) issued its earnings results on Thursday, May, 5th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.15. City Office REIT had a negative net margin of 3.76% and a negative trailing twelve-month return on equity of 0.96%. During the same period last year, the business posted $0.33 earnings per share.

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 Friday, May 5th. Shareholders of record on Friday, July 7th will be given a dividend of $0.10 per share on Friday, July 21st. This represents a $0.40 annualized dividend and a yield of 7.42%. The ex-dividend date is Thursday, July 6th.
Read our dividend analysis for CIO
.

Is City Office REIT a good dividend stock?

City Office REIT (NYSE:CIO) pays an annual dividend of $0.80 per share and currently has a dividend yield of 14.79%. 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 guidance has City Office REIT issued on next quarter's earnings?

City Office REIT updated its FY 2023 earnings guidance on Sunday, May, 7th. The company provided EPS guidance of $1.38-$1.43 for the period, compared to the consensus estimate of $1.41. The company issued revenue guidance of -.

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 investors include BlackRock Inc. (8.07%), LSV Asset Management (4.67%), Nomura Holdings Inc. (4.29%), Renaissance Technologies LLC (3.53%), State Street Corp (3.14%) and Geode Capital Management LLC (2.31%). Insiders that own company stock include Anthony Maretic, James Thomas Farrar and William R Flatt.
View institutional ownership trends
.

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 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 $5.39.

How much money does City Office REIT make?

City Office REIT (NYSE:CIO) has a market capitalization of $215.28 million and generates $180.49 million in revenue each year. The real estate investment trust earns $16.99 million in net income (profit) each year or ($0.37) on an earnings per share basis.

How can I contact City Office REIT?

City Office REIT's mailing address is 666 BURRARD STREET SUITE 3210, VANCOUVER A1, V6C 2X8. The official website for the company is www.cityofficereit.com. The real estate investment trust can be reached via phone at (604) 806-3366 or via email at investorrelations@cityofficereit.com.

This page (NYSE:CIO) was last updated on 6/10/2023 by MarketBeat.com Staff

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