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Lots of sound and fury on US debt, but not a crisis — yet
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FTX's Sam Bankman-Fried, DOJ tussle over his communications
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Qatar replaces Russian company in Lebanon gas exploration
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
Is This The End of Capitalism? (Ad)
Challenge for Tunisian democracy: Getting voters to show up
FTX's Sam Bankman-Fried, DOJ tussle over his communications
The Next Big Crisis Is Here (Ad)
TV anchors T.J. Holmes, Amy Robach leave ABC amid romance
Qatar replaces Russian company in Lebanon gas exploration
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
Is This The End of Capitalism? (Ad)
Challenge for Tunisian democracy: Getting voters to show up
FTX's Sam Bankman-Fried, DOJ tussle over his communications
The Next Big Crisis Is Here (Ad)
TV anchors T.J. Holmes, Amy Robach leave ABC amid romance
Qatar replaces Russian company in Lebanon gas exploration
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
Is This The End of Capitalism? (Ad)
Challenge for Tunisian democracy: Getting voters to show up
FTX's Sam Bankman-Fried, DOJ tussle over his communications
The Next Big Crisis Is Here (Ad)
TV anchors T.J. Holmes, Amy Robach leave ABC amid romance
Qatar replaces Russian company in Lebanon gas exploration
NYSE:CIO

City Office REIT - CIO Stock Forecast, Price & News

$9.66
+0.29 (+3.09%)
(As of 01/27/2023 12:00 AM ET)
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Compare
Today's Range
$9.37
$9.79
50-Day Range
$8.05
$10.03
52-Week Range
$8.03
$18.35
Volume
201,810 shs
Average Volume
338,918 shs
Market Capitalization
$383.70 million
P/E Ratio
0.94
Dividend Yield
8.28%
Price Target
$13.67

City Office REIT MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
41.5% Upside
$13.67 Price Target
Short Interest
Healthy
1.27% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.06
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-10.88%
From $1.47 to $1.31 Per Share

Overall MarketRank

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

2.57 out of 5 stars

Finance Sector

203rd out of 900 stocks

Real Estate Investment Trusts Industry

39th out of 192 stocks


CIO stock logo

About City Office REIT (NYSE:CIO) Stock

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).

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CIO Stock News Headlines

City Office REIT, Inc. (CIO-PA)
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
City Office 'Sun Belt' REIT Drops To New Yearly Low
8%-Yielding City Office REIT Is Now Way Too Cheap
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
City Office REIT Reports Third Quarter 2022 Results
CIO City Office REIT, Inc.
City Office REIT Announces Dividends for Third Quarter 2022
City Office REIT Reports Second Quarter 2022 Results
City Office REIT sells Dallas property for $43.8M
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
1/29/2023
Next Earnings (Confirmed)
2/23/2023
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
$13.67
High Stock Price Forecast
$15.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+41.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$484.39 million
Pretax Margin
263.80%

Debt

Sales & Book Value

Annual Sales
$164.04 million
Cash Flow
$12.55 per share
Book Value
$17.42 per share

Miscellaneous

Free Float
38,607,000
Market Cap
$383.70 million
Optionable
Optionable
Beta
1.54

Key Executives

  • Mr. James Thomas Farrar CFA (Age 47)
    CEO & Director
    Comp: $2.46M
  • Mr. Gregory Tylee (Age 51)
    COO & Pres
    Comp: $2.46M
  • Mr. Anthony Maretic C.A. (Age 51)
    CFO, Sec. & Treasurer
    Comp: $1.09M
  • Ms. Stephanie Chung
    Sr. VP of Fin.
  • Mr. Ken Pool
    Sr. VP of Operations













CIO Stock - Frequently Asked Questions

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

3 Wall Street 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 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 shares. Their CIO share price forecasts range from $12.00 to $15.00. On average, they anticipate the company's share price to reach $13.67 in the next twelve months. This suggests a possible upside of 41.5% 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 increased by 15.3% and is now trading at $9.66.
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 January. As of January 15th, there was short interest totaling 488,900 shares, an increase of 9.7% from the December 31st total of 445,800 shares. Based on an average daily trading volume, of 300,100 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.3% of the company's shares 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, February 23rd 2023.
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 Thursday, February 23rd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "140203".

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 analysts' consensus estimates of $0.36 by $0.15. City Office REIT had a net margin of 263.44% and a trailing twelve-month return on equity of 61.46%. During the same quarter last year, the firm 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 Thursday, December 15th. Stockholders of record on Tuesday, January 10th will be paid a dividend of $0.20 per share on Tuesday, January 24th. This represents a $0.80 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date is Monday, January 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 $0.80 per share and currently has a dividend yield of 8.54%. CIO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 7.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIO will have a dividend payout ratio of 61.07% 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 issued an update on its FY 2012 earnings guidance on Monday, November, 21st. The company provided earnings per share (EPS) guidance of $1.54-$1.57 for the period. 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 institutional and retail investors. Top institutional investors include Spirit of America Management Corp NY (0.10%), Strs Ohio (0.10%) and Allspring Global Investments Holdings LLC (0.03%). Insiders that own company stock include Anthony Maretic, Gregory Tylee, James Thomas Farrar, John Sweet, Stephen B Shraiberg 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 $9.66.

How much money does City Office REIT make?

City Office REIT (NYSE:CIO) has a market capitalization of $383.70 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 $10.29 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 1/29/2023 by MarketBeat.com Staff