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S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
NYSE:CIO

City Office REIT Stock Forecast, Price & News

$12.78
+0.06 (+0.47%)
(As of 06/28/2022 12:00 AM ET)
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Today's Range
$12.68
$13.12
50-Day Range
$11.29
$16.47
52-Week Range
$11.05
$21.70
Volume
319,555 shs
Average Volume
306,632 shs
Market Capitalization
$556.62 million
P/E Ratio
1.25
Dividend Yield
6.29%
Price Target
$18.25
30 days | 90 days | 365 days | Advanced Chart

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CIO Stock Forecast (MarketRank)

Overall MarketRank

2.98 out of 5 stars

Finance Sector

211th out of 1,394 stocks

Real Estate Investment Trusts Industry

26th out of 235 stocks

Analyst Opinion: 3.3Community Rank: 4.1Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
City Office REIT logo

About City Office REIT (NYSE:CIO)

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 (NRA).

CIO Stock News Headlines

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Industry, Sector and Symbol

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

Company Calendar

Ex-Dividend for 4/22 Dividend
4/07/2022
Dividend Payable
4/22/2022
Last Earnings
5/05/2022
Today
6/29/2022
Ex-Dividend for 7/22 Dividend
7/07/2022
Dividend Payable
7/22/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$18.25
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+42.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.5
Research Coverage
4 Analysts

Profitability

Net Income
$484.39 million
Pretax Margin
272.15%

Debt

Sales & Book Value

Annual Sales
$164.04 million
Cash Flow
$12.65 per share
Book Value
$17.42 per share

Miscellaneous

Free Float
42,334,000
Market Cap
$556.62 million
Optionable
Optionable
Beta
1.60














City Office REIT Frequently Asked Questions

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

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

What is City Office REIT's stock price forecast for 2022?

4 Wall Street analysts have issued twelve-month price objectives for City Office REIT's stock. Their CIO stock forecasts range from $16.00 to $20.00. On average, they predict City Office REIT's share price to reach $18.25 in the next twelve months. This suggests a possible upside of 42.8% from the stock's current price.
View analysts' price targets for City Office REIT
or view top-rated stocks among Wall Street analysts.

How has City Office REIT's stock performed in 2022?

City Office REIT's stock was trading at $19.72 at the beginning of the year. Since then, CIO shares have decreased by 35.2% and is now trading at $12.78.
View the best growth stocks for 2022 here
.

When is City Office REIT's next earnings date?

City Office REIT is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for City Office REIT
.

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 for the quarter, topping analysts' consensus estimates of $0.36 by $0.15. City Office REIT had a trailing twelve-month return on equity of 83.29% and a net margin of 271.64%. During the same period last year, the business earned $0.33 EPS.
View City Office REIT's earnings history
.

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 Thursday, June 16th. Stockholders of record on Friday, July 8th will be given a dividend of $0.20 per share on Friday, July 22nd. This represents a $0.80 annualized dividend and a dividend yield of 6.26%. The ex-dividend date of this dividend is Thursday, July 7th.
View City Office REIT's dividend history
.

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 6.29%. 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 strong track record of dividend growth. The dividend payout ratio of City Office REIT is 7.80%. 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 50.96% 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 2022 earnings guidance on Monday, May, 16th. The company provided earnings per share guidance of $1.56-$1.60 for the period. The company issued revenue guidance of -.

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 46, Pay $2.46M) (LinkedIn Profile)
  • Mr. Gregory Tylee, COO & Pres (Age 50, Pay $2.46M)
  • Mr. Anthony Maretic C.A., CFO, Sec. & Treasurer (Age 50, Pay $1.09M)
  • Ms. Stephanie Chung, Sr. VP of Fin.
  • Mr. Ken Pool, Sr. VP of Operations

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 a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.18%), BlackRock Inc. (7.39%), Fuller & Thaler Asset Management Inc. (5.03%), Nomura Holdings Inc. (4.54%), LSV Asset Management (4.52%) and Renaissance Technologies LLC (3.72%). Company insiders that own City Office REIT stock include Anthony Maretic, Gregory Tylee, James Thomas Farrar, John Sweet, Stephen B Shraiberg and William R Flatt.
View institutional ownership trends for City Office REIT
.

Which institutional investors are selling City Office REIT stock?

CIO stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Invesco Ltd., State of New Jersey Common Pension Fund D, Dimensional Fund Advisors LP, Eidelman Virant Capital, UBS Group AG, D.A. Davidson & CO., and HighTower Advisors LLC.
View insider buying and selling activity for City Office REIT
or view top insider-selling stocks.

Which institutional investors are buying City Office REIT stock?

CIO stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Bank of Montreal Can, Envestnet Asset Management Inc., Acadian Asset Management LLC, Arrowstreet Capital Limited Partnership, Russell Investments Group Ltd., Panagora Asset Management Inc., and Sei Investments Co.. Company insiders that have bought City Office REIT stock in the last two years include Anthony Maretic, James Thomas Farrar, and William R Flatt.
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 $12.78.

How much money does City Office REIT make?

City Office REIT (NYSE:CIO) has a market capitalization of $556.62 million and generates $164.04 million in revenue each year. The real estate investment trust earns $484.39 million in net income (profit) each year or $10.25 on an earnings per share basis.

How many employees does City Office REIT have?

City Office REIT employs 19 workers across the globe.

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 City Office REIT is www.cityofficereit.com. The real estate investment trust can be reached via phone at (604) 806-3366 or via email at [email protected].

This page (NYSE:CIO) was last updated on 6/29/2022 by MarketBeat.com Staff

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