NYSE:CIO City Office REIT (CIO) Stock Forecast, Price & News $5.05 +0.35 (+7.45%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$4.75▼$5.1150-Day Range$4.26▼$6.9952-Week Range$4.03▼$14.24Volume581,139 shsAverage Volume891,962 shsMarket Capitalization$201.69 millionP/E RatioN/ADividend Yield7.92%Price Target$10.33 ProfileProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability City Office REIT MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside104.6% Upside$10.33 Price TargetShort InterestHealthy2.02% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.14Upright™ Environmental ScoreNews Sentiment-0.01Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth0.76%From $1.31 to $1.32 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.39 out of 5 starsFinance Sector468th out of 873 stocksReal Estate Investment Trusts Industry90th out of 191 stocks 3.2 Analyst's Opinion Consensus RatingCity Office REIT has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $10.33, City Office REIT has a forecasted upside of 104.6% from its current price of $5.05.Amount of Analyst CoverageCity Office REIT has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.02% of the float of City Office REIT has been sold short.Short Interest Ratio / Days to CoverCity Office REIT has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in City Office REIT has recently increased by 15.96%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipCity Office REIT is a leading dividend payer. It pays a dividend yield of 17.66%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCity Office REIT does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, City Office REIT will have a dividend payout ratio of 30.30% next year. This indicates that City Office REIT will be able to sustain or increase its dividend. Previous Next 1.1 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCity Office REIT has received a -45.64% net impact score from Upright. The largest negative impact of City Office REIT in category "GHG emissions" is driven by its "Real estate funds investing in office buildings" product. See details.Environmental SustainabilityThe Environmental Impact score for City Office REIT is -3.14. Previous Next 1.1 News and Social Media Coverage News SentimentCity Office REIT has a news sentiment score of -0.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for City Office REIT this week, compared to 2 articles on an average week.Search InterestOnly 5 people have searched for CIO on MarketBeat in the last 30 days. This is a decrease of -86% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added City Office REIT to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, City Office REIT insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.40% of the stock of City Office REIT is held by insiders.Percentage Held by Institutions76.80% of the stock of City Office REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for City Office REIT are expected to grow by 0.76% in the coming year, from $1.31 to $1.32 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of City Office REIT is -13.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of City Office REIT is -13.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioCity Office REIT has a PEG Ratio of 0.60. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioCity Office REIT has a P/B Ratio of 0.30. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About City Office REIT (NYSE:CIO) StockCity 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.Read More Receive CIO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for City Office REIT and its competitors with MarketBeat's FREE daily newsletter. Email Address CIO Stock News HeadlinesJune 3, 2023 | americanbankingnews.comStockNews.com Upgrades City Office REIT (NYSE:CIO) to HoldJune 1, 2023 | americanbankingnews.comRoyal Bank of Canada Lowers City Office REIT (NYSE:CIO) Price Target to $7.00June 4, 2023 | Behind the Markets (Ad)Is This The End Of Your Retirement?Soon, the U.S. Government is going to make an announcement that could radically alter your retirement. Two of America's largest banks - Goldman Sachs and J.P. Morgan - have quietly warned their richest clients to prepare for it. The clock is ticking. Find out How to Protect Yourself from the Greatest Crisis Facing Retirees in 70 Years before it's too late.May 30, 2023 | msn.comRBC Capital Maintains City Office REIT (CIO) Sector Perform RecommendationMay 30, 2023 | markets.businessinsider.comCity Office REIT (CIO) Receives a Hold from RBC CapitalMay 27, 2023 | americanbankingnews.comCity Office REIT (NYSE:CIO) Rating Lowered to Sell at StockNews.comMay 20, 2023 | americanbankingnews.comCritical Comparison: City Office REIT (NYSE:CIO) vs. ACRES Commercial Realty (NYSE:ACR)May 15, 2023 | americanbankingnews.comCity Office REIT, Inc. (NYSE:CIO) Short Interest UpdateJune 4, 2023 | Behind the Markets (Ad)Is This The End Of Your Retirement?Soon, the U.S. Government is going to make an announcement that could radically alter your retirement. Two of America's largest banks - Goldman Sachs and J.P. Morgan - have quietly warned their richest clients to prepare for it. The clock is ticking. Find out How to Protect Yourself from the Greatest Crisis Facing Retirees in 70 Years before it's too late.May 13, 2023 | americanbankingnews.comCity Office REIT (NYSE:CIO) Upgraded to "Hold" at StockNews.comMay 7, 2023 | americanbankingnews.comCity Office REIT (NYSE:CIO) Updates FY 2023 Earnings GuidanceMay 7, 2023 | msn.comCity Office REIT (CIO) Declares $0.10 DividendMay 6, 2023 | marketwatch.com8-K: City Office REIT, Inc.May 6, 2023 | americanbankingnews.comCity Office REIT (NYSE:CIO) Raised to "Hold" at StockNews.comMay 5, 2023 | markets.businessinsider.comColliers Securities Remains a Hold on City Office REIT (CIO)May 5, 2023 | msn.comCity Office Posts Q1 Revenue Beat, 2023 Outlook ReaffirmedMay 5, 2023 | marketwatch.comCity Office REIT Lowers Dividend by HalfMay 5, 2023 | msn.comCity Office REIT beats Q1 top and bottom line estimates; reaffirms FY23 outlookMay 5, 2023 | finance.yahoo.comCity Office REIT Reports First Quarter 2023 ResultsMay 5, 2023 | finance.yahoo.comCity Office REIT Announces Dividends for Second Quarter 2023May 4, 2023 | markets.businessinsider.comCity Office REIT earnings: here's what to expectMay 4, 2023 | finance.yahoo.comUniti Group (UNIT) Q1 FFO and Revenues Top EstimatesMay 4, 2023 | americanbankingnews.comCity Office REIT (CIO) to Release Quarterly Earnings on FridayMay 3, 2023 | finance.yahoo.comPublic Storage (PSA) Q1 FFO and Revenues Top EstimatesApril 27, 2023 | americanbankingnews.comCity Office REIT (NYSE:CIO) Upgraded at StockNews.comApril 17, 2023 | americanbankingnews.comFinancial Contrast: City Office REIT (NYSE:CIO) versus Global Medical REIT (NYSE:GMRE)April 14, 2023 | americanbankingnews.comCity Office REIT (NYSE:CIO) Stock Rating Upgraded by StockNews.comSee More Headlines CIO Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CIO Company Calendar Last Earnings5/05/2022Ex-Dividend for 4/25 Dividend4/10/2023Dividend Payable4/25/2023Today6/03/2023Ex-Dividend for 7/21 Dividend7/06/2023Dividend Payable7/21/2023Next Earnings (Estimated)8/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:CIO CUSIPN/A CIK1593222 Webwww.cityofficereit.com Phone(604) 806-3366FaxN/AEmployees19Year FoundedN/APrice Target and Rating Average Stock Price Forecast$10.33 High Stock Price Forecast$12.00 Low Stock Price Forecast$7.00 Forecasted Upside/Downside+104.6%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.37) Trailing P/E RatioN/A Forward P/E Ratio3.85 P/E Growth0.6Net Income$16.99 million Net Margins-3.76% Pretax Margin-3.38% Return on Equity-0.96% Return on Assets-0.43% Debt Debt-to-Equity Ratio1.04 Current Ratio3.35 Quick Ratio3.35 Sales & Book Value Annual Sales$181.59 million Price / Sales1.11 Cash Flow$2.19 per share Price / Cash Flow2.31 Book Value$17.01 per share Price / Book0.30Miscellaneous Outstanding Shares39,938,000Free Float38,580,000Market Cap$201.69 million OptionableOptionable Beta1.62 Key ExecutivesJames Thomas FarrarChief Executive Officer & DirectorGreg TyleePresident & Chief Operating OfficerAnthony MareticChief Financial Officer, Secretary & TreasurerCori HansenDirector-Governance & Corporate AffairsStephanie ChungSenior Vice President-FinanceKey CompetitorsFranklin Street PropertiesNYSE:FSPAlpine Income Property TrustNYSE:PINEAshford Hospitality TrustNYSE:AHTHersha Hospitality TrustNYSE:HTNexPoint Real Estate FinanceNYSE:NREFView All CompetitorsInstitutional OwnershipPutnam Investments LLCBought 18,792 shares on 5/22/2023Ownership: 0.139%JPMorgan Chase & Co.Sold 224,058 shares on 5/18/2023Ownership: 0.221%New York State Common Retirement FundSold 32,676 shares on 5/18/2023Ownership: 0.054%State Street CorpSold 20,026 shares on 5/16/2023Ownership: 3.136%First Trust Advisors LPBought 7,682 shares on 5/16/2023Ownership: 0.278%View All Institutional Transactions CIO Stock - Frequently Asked Questions Should I buy or sell City Office REIT stock right now? 3 Wall Street 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 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 targets for City Office REIT's stock. 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 twelve months. This suggests a possible upside of 104.6% 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 2023? City Office REIT's stock was trading at $8.38 at the beginning of the year. Since then, CIO stock has decreased by 39.7% and is now trading at $5.05. View the best growth stocks for 2023 here. Are investors shorting City Office REIT? City Office REIT saw a increase in short interest in 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 presently 1.6 days. Approximately 2.0% of the shares of the stock 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 quarter in the previous 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 paid a dividend of $0.10 per share on Friday, July 21st. This represents a $0.40 annualized dividend and a yield of 7.92%. The ex-dividend date of this dividend is Thursday, July 6th. Read our dividend analysis for CIO. What ETFs hold City Office REIT's stock? ETFs with the largest weight of City Office REIT (NYSE:CIO) stock in their portfolio include Hoya Capital High Dividend Yield ETF (RIET), Arrow Dow Jones Global Yield ETF (GYLD), First Trust Dow Jones Select Microcap Index Fund (FDM), Hartford Multifactor Small Cap ETF (ROSC), SPDR Dow Jones REIT ETF (RWR), First Trust S&P REIT Index Fund (FRI), Vanguard Real Estate ETF (VNQ) and iShares Core U.S. REIT ETF (USRT). 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 17.66%. 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 issued an update on its FY 2023 earnings guidance on Sunday, May, 7th. 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? Based on aggregate information from My MarketBeat watchlists, some companies that other City Office REIT investors own include Energy Transfer (ET), New Residential Investment (NRZ), AGNC Investment (AGNC), CBL & Associates Properties (CBL), Western Asset Mortgage Capital (WMC), AT&T (T), NGL Energy Partners (NGL), Medical Properties Trust (MPW), Annaly Capital Management (NLY) and Ladder Capital (LADR). 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 variety of retail and institutional investors. Top institutional shareholders 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 $5.05. How much money does City Office REIT make? City Office REIT (NYSE:CIO) has a market capitalization of $201.69 million and generates $181.59 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 6/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding City Office REIT, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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