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NYSE:CIO

City Office REIT - CIO Stock Forecast, Price & News

$6.90
+0.29 (+4.39%)
(As of 03/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$6.63
$6.93
50-Day Range
$6.01
$10.05
52-Week Range
$5.80
$18.35
Volume
382,257 shs
Average Volume
331,523 shs
Market Capitalization
$275.59 million
P/E Ratio
40.59
Dividend Yield
11.59%
Price Target
$13.00

City Office REIT MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
88.4% Upside
$13.00 Price Target
Short Interest
Healthy
1.28% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.06
Upright™ Environmental Score
News Sentiment
1.12mentions of City Office REIT in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.13%
From $1.28 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.

3.11 out of 5 stars

Finance Sector

92nd out of 890 stocks

Real Estate Investment Trusts Industry

11th out of 192 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

Biden To Unleash "Choke Point" Operation On America?
Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
Biden To Unleash "Choke Point" Operation On America?
Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
LTC Properties (LTC) Beats Q4 FFO and Revenue Estimates
City Office REIT, Inc. (CIO-PA)
City Office 'Sun Belt' REIT Drops To New Yearly Low
8%-Yielding City Office REIT Is Now Way Too Cheap
City Office REIT Reports Third Quarter 2022 Results
See More Headlines
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CIO Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 1/24 Dividend
1/09/2023
Dividend Payable
1/24/2023
Today
3/31/2023
Ex-Dividend for 4/25 Dividend
4/10/2023
Dividend Payable
4/25/2023
Next Earnings (Estimated)
5/04/2023
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
$13.00
High Stock Price Forecast
$15.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+92.3%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$16.99 million
Pretax Margin
9.80%

Debt

Sales & Book Value

Annual Sales
$180.49 million
Cash Flow
$2.17 per share
Book Value
$17.40 per share

Miscellaneous

Free Float
38,820,000
Market Cap
$269.99 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 year. 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 brokerages have issued 1-year price objectives for City Office REIT's stock. Their CIO share price forecasts range from $12.00 to $15.00. On average, they anticipate the company's share price to reach $13.00 in the next year. This suggests a possible upside of 88.4% 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 17.7% and is now trading at $6.90.
View the best growth stocks for 2023 here
.

Are investors shorting City Office REIT?

City Office REIT saw a decline in short interest in March. As of March 15th, there was short interest totaling 491,200 shares, a decline of 9.3% from the February 28th total of 541,300 shares. Based on an average daily volume of 333,300 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.3% of the shares of the stock 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 Thursday, May 4th 2023.
View our CIO earnings forecast
.

How were City Office REIT's earnings last quarter?

City Office REIT, Inc. (NYSE:CIO) released 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 trailing twelve-month return on equity of 2.31% and a net margin of 9.41%. During the same period last year, the business earned $0.33 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 Tuesday, March 14th. Stockholders of record on Tuesday, April 11th will be paid a dividend of $0.20 per share on Tuesday, April 25th. This represents a $0.80 dividend on an annualized basis and a yield of 11.59%. The ex-dividend date of this dividend is Monday, April 10th.
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 12.64%. CIO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 470.62%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CIO will have a dividend payout ratio of 60.61% next year. This indicates that the company will be able to sustain or increase its dividend.
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 Thursday, February, 23rd. The company provided earnings per share guidance of $1.38-$1.43 for the period, compared to the consensus EPS 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 Nomura Holdings Inc. (4.39%), Renaissance Technologies LLC (3.80%), Alliancebernstein L.P. (3.47%), Geode Capital Management LLC (2.14%), DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main (1.63%) and DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main (1.63%). 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 $6.90.

How much money does City Office REIT make?

City Office REIT (NYSE:CIO) has a market capitalization of $275.59 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 $0.17 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 3/31/2023 by MarketBeat.com Staff